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MICROFINANCE

Over 50% of adults in Bangladesh do not have a bank account (World Bank)

 

“The poor stay poor, not because they are lazy but because they do not have access to capital.” – Milton Friedman (Nobel Peace Prize Winner)

Those living in poverty are often excluded from the formal financial system like banks. They must depend on informal methods to manage their day-to-day expenses, borrow money, and to save for their future, which is unreliable, expensive, and risky for them. Our diverse and customized range of products empower families to rise from poverty as they are able to access capital and financial services. This allows them to build and manage assets, access employment opportunities, invest in small enterprises, and cope during emergencies that arise. We help families to thrive by setting them up for success through financial literacy training, client protection measures, and other support services that demonstrate our commitment toward client-centered service delivery.

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IMPACT

 
 

8 million

clients

90%

of clients served are women

1.4 million clients

amount of loan disbursed in Bangladesh in 2020

WHAT WE OFFER

 

Customised products designed to meet the needs of our diverse group of clients

Small-entrepreneurs-4

Small Enterprise Loans

Finance for small enterprises underserved by mainstream banks.

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Small-entrepreneurs-4

Loans for Women

Finance for small enterprises underserved by mainstream banks.

Small-entrepreneurs-4

Loans for Migrant Households

Finance for small enterprises underserved by mainstream banks.

 

HOW WE DO IT

 
 
targeted-design

Research and innovation

Continuous development and improvement of product offerings to meet emerging needs
targeted-design

Client protection and customer service

Delivery of responsible financial services in a way that protects clients’ rights
 

WHY IT WORKS

 
 
targeted-design

Targeted design

Tailored financial services to meet the varying needs of people living in low-income communities.
targeted-design

Research and innovation

Continuous development and improvement of product offerings to meet emerging needs
targeted-design

Client protection and customer service

Delivery of responsible financial services in a way that protects clients’ rights
 

SMART CERTIFICATION

 
 
smart certification

We are the first organisation in Bangladesh, and the largest in the world, to be recognised with Smart Certification for upholding universal standards for client protection in microfinance, as determined by the Smart Campaign


 

THE COST OF A PANDEMIC

 

COVID-19 is much more than a public health crisis in Bangladesh. With the economy coming to a standstill, people employed in the informal sector - nearly 80% of the total workforce - are being hit the hardest. HARD Society microfinance is on the ground providing emergency financial services to the most vulnerable families. Read their stories here.


 

STORIES

 
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VIDEOS

 
 

What is Financial Inclusion?

 

LEARN MORE

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Financial Diaries: Financial Health of Low and Medium-Income Households During COVID-19 Pandemic

By Minhaz Mohsin Mishu
Download
 

PARTNER

 
 
 

NETWORKS

 
 
 

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