Finance for Enterprise Development and Employment Creation Project

Finance for Enterprise Development and Employment Creation Project

This project arises from the need to develop the microfinance sector in Bangladesh. To expand and grow, small businesses need capital, especially loans. An estimated 5 million potential borrowers could benefit from greater access to financial services and markets.

The project develops the microfinance sector to support microenterprise. It helps small businesses improve and expand production through training and initiatives promoting market chain development. Borrowers are moderately poor people, most of whom farm up to half an acre of agricultural land.

Women are expected to make up about 90 per cent of borrowers in the project area. Increased productivity helps improve household food security and nutrition and boosts women's empowerment. Project activities provide income-generating opportunities for rural people living in severe poverty, who face low food security and lack basic assets such as land.

Source: IFAD