Through its microfinance program, BURO Bangladesh stresses on supporting economic activities to generate employment and income to reduce income inequality among the disadvantaged and the poor. Presently BURO provides its flexible financial services to almost one million poor people through its 629 branch offices countrywide.
BURO Bangladesh stands for Basic Unit for Resources and Opportunities of Bangladesh.
BURO Bangladesh is a national non-government social development organization was established in 1990 intended to work for the poor and rural people to reduce both income and human poverty. Over the period, the organization emerges as a front ranking specialized microfinance institution. It provides high quality flexible financial and social services to one million low-income people, particularly the poor women.
BURO Bangladesh currently serves 1.3 million poor women through its 644 branch offices which are managed by 6,000 full time work forces.
BURO Bangladesh is one of the first MFIs in the country to articulate a clear, unequivocal commitment to achieve financial sustainability by using commercial capital, and established itself as an independent institution. Since then it has been achieving milestones of success and eventually has attained financial sustainability.
The Small and Medium Enterprise (SME) has little adaptation incorporating micro enterprise. The adaptation creates the space for the NGO clients to develop them to journey with SME development. The continuation of microenterprise development experiences gradual developments in two dimensions. First: business orientation through knowledge management. Second: capital accumulation with small drops of profit margin. The changes in behavior towards business development is more important than the capital accumulation by the clients during the initiation period.
Human development of the customers emanates thru providing Basic Life Management Training that includes disaster management, environmental health, health and nutrition, employment related skill development training, business management and entrepreneurship development training etc.
Remittance program is aimed at channeling foreign earnings of Bangladeshi expatriates who have been working abroad and sending their earnings to their relatives at home.
Programs of BURO Bangladesh
Potable fresh water right from the supply tap is still a dream for millions of villagers in Bangladesh. Arsenic contamination of ground water meanwhile has emerged as grave concern.
BURO Bangladesh and Bangladesh Women Chamber of Commerce and Industry (BWCCI) will work in Bangladesh INSPIRED project.
Training of Trainers (ToT ) on Digital Financial Service (DFS) has been provided to concern ZMs, AMs, BMs, BAs, DFS Project employee’s, Trainers and all staffs of three project branch namely Azampur, Kalikoir and Local Office, Tangail. The training held between 15-19 November at Tangail CHRD. Executive Director of BURO Bangladesh Zakir Hossain has kindly grace both of the training batch.
“Small and Marginal Sized Farmers Agricultural Productivity Improvement and Diversification Financing Project”
This project will increase the agricultural productivity and diversity of small and marginal sized farmers of Bangladesh by financing agricultural loans and providing agricultural training services to farmers through microfinance institutions, thereby contributing to the sound development of agricultural finance and the agricultural sector of Bangladesh.