At present, over 35 million women in Bangladesh are aspiring to be economically empowered using microfinance. More than 740 NGOs are running these microfinance and savings programs, which are also called microfinance institutions (MFIs). They collect loan repayments through their collection officers daily. MFSs such as bKash, Nagad, Rocket etc., have launched their own tools inside the app that allow microfinance beneficiaries to repay using their mobile phone.
At present, over 35 million women in Bangladesh are aspiring to be economically empowered using microfinance. More than 740 NGOs are running these microfinance and savings programs, which are also called microfinance institutions (MFIs). They collect loan repayments through their collection officers daily. MFSs such as bKash, Nagad, Rocket etc., have launched their own tools inside the app that allow microfinance beneficiaries to repay using their mobile phone.