In 2016, USAID’s Agricultural Extension Support Activity (AESA), implemented by Dhaka Ahsania Mission (DAM) in partnership with CARE Bangladesh and mPower piloted a new initiative entitled ‘Smallholders’ Access to Microfinance through Bank: A-card’, with the goal to provide smallholder farmers with agricultural lending.
AESA is partnering with Bank Asia Limited and local microfinance institutions Society Development Committee (SDC), Grameen Jano Unnayan Sangstha (GJUS) and DAM Foundation for Economic Development (DFED) to test a micro-credit facility for farmers in Faridpur, Bhola, and Barguna districts. USAID’s mSTAR/Bangladesh project is providing technical assistance to implement the aforesaid model in the pilot areas.
USAID promotes increased access to and usage of digital financial services in order to deepen financial inclusion, accelerate broad-based economic growth, and instill transparency into funding flows. This whitepaper provides insights into one of the digital financial service product innovations that USAID’s mSTAR/Bangladesh activity, implemented by FHI 360, has helped to introduce to Bangladesh, including its benefits and the roles of those involved.
Download HERE to find out more.
Catch Ataur Rahman, Team lead form USAID’s mSTAR Bangladesh at the Financial Inclusion Summit Asia 2017 alongside speakers from the IFC, World Bank, Poverty for Action, ANZ Bank, Pawnhero, Juntos and many more. Click HERE to reserve your seat at this exclusive showcase of excellence for financial inclusion.