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BURO Bangladesh


 

BWTP Member Profile:


BURO Bangladesh


Address: House-12/A, Road-104, Block-CEN (F), Gulshan-2
City/Country: Dhaka,Bangladesh
Contact Person: Zakir Hossain
Executive Director
Contact Number: 88-02-8857876, 8858264, 8832912
Fax Number: 88-02-8858447
Email Address: burot@bdmail.net; bt@bdmail.net, buro@citech-bd.com
Website: http://www.burobd.org/

 

MEMBER OVERVIEW

Background

BURO Bangladesh is a national ‘not-for-profit' organization that was set up in 1990 with a view to working for the poor on sustainable basis to reduce poverty. It is a specialized micro-finance institution that provides high quality flexible financial services to low-income people, particularly the women, who are regarded as its prime customers. They are indeed the conduit for channeling resources into the households for reduction of poverty. The organization is responsive to diverse financial needs of customers. To meet their ever-growing financial needs, it has launched six loan products, three savings products and one insurance scheme. In addition, it provides agriculture loans to small and marginal farmers and stepped up loans to the graduated clients called enterprise loan. The organization has also a disaster mitigation program for the affected people in the microfinance system. The organization was one of the first MFIs in the country to articulate a clear, unequivocal commitment to achieve financial sustainability, and establish itself as an independent institution. Since then, it has been achieving milestones of success and eventually attained financial sustainability.

Vision

A happy, prosperous and pluralistic democratic society that meets the basic needs of the people in Bangladesh.

Mission

An independent, sustainable, cost-effective microfinance institution that provides diverse, appropriate and market responsive, quality financial and business development services at competitive prices along with other social development programs to very poor, poor and vulnerable non-poor customers.

OUTREACH (As of YR 2008)

Number of Active Borrowers 496,603
Number of Active Depositors 602,273

PRODUCTS/SERVICES

Microfinancial Services:
Flexible savings services
Flexible credit services
Micro-insurance service 
Remittance Channel
Linkage with Foreign Remittance Project
Special Financial Product for Hardcore Poor 
Char Livelihood Program (SHOUHARDO)
Other Services:
Strengthening Micro-enterprise (ME) Support 
Providing Business Development Services (BDS)
Disaster Management
Operation Research (R & D) 
Technical Assistance Service Provider
Rural Water Supply 

FINANCIAL INFORMATION (As of YR 2008)

(In US$)
Average Loan Balance per Borrower 

 $                   93.00

Average Savings Balance per Saver 

   $                   27.00

Total Assets 

 $    52,835,186.00

Savings

 $    16,447,106.00

Equity

 $    10,462,034.00

Gross Loan Portfolio 

 $    46,232,126.00

Capital/Asset ratio

19.80%

Debt to Equity ratio

4.05%

Deposits to Loans

35.58%

Deposits to Total Assets

31.13%

Gross Loan Portfolio to Total Assets

87.50%

Return on Assets

1.59%

Return on Equity

6.79%

NEWS

Citi Arranged Country’s First-ever Syndicated Agricultural Term Loan for BURO Bangladesh
“SAFA Best Presented Accounts and Corporate Governance Disclosures Awards-2008”
A Microfinance Breakthrough
AB Bank, BURO Bangladesh sign remittance deal
Citibank, N.A. arranges BDT 150 crore agricultural loan
Prime Bank, BURO Bangladesh sign remittance deal

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