Thursday, February 25, 2010

Big BRAC

"Sir Fazle recognised that poverty in Bangladesh villages is also a result of rigid social stratification. I these circumstances, 'community development' will help the rich more than the poor; to change the poverty, you have to change the society."

"BRAC in Business," The Economist, February 20, 2010.

So, how do you do that? We've suffer a bit of Grameen story fatique -- and a great story it is. BRAC is different, bigger, and spreading elswhere. It's trying to start new types of businesses that create additional jobs, provide credit for small but growing companies, inspire savings, and support education. Women are its focus.

"BRAC earns from its operations about 80% of the money it disburses to the poor...It calls a halt to activities that require endless subsidies."

BRAC is the social enterprise that fulfills all the hype of double,triple-bottom line dreaming. But has poverty changed dramatically in Bangladesh? Has social stratification altered?

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