BRAC Liberia Microfinance Company Limited
Liberia
Overview of BRAC
BRAC is a development organization dedicated to alleviating poverty by empowering the poor to bring about change in their own lives. We started out in Bangladesh in 1972 and over the course of our evolution, we have established ourselves as a pioneer in recognizing and tackling the many different realities of poverty.
BRAC achieves large scale, rapid change by working with individuals, families, communities and institutions to overcome poverty. Our approach is comprehensive - with financial services, capacity building and livelihood development as well as health, education and social justice - enabling them to realize their potential.
BRAC launched operations in Liberia in 2008, incorporated BRAC Microfinance company in January 2009 and disbursed the first loans by June of the same year.
Microfinance Program - is designed to provide reliable access to cost effective financial services to poor and marginalized women.
Small Enterprise Program (SEP) - launched in 2010, this program is offered to individuals - male and female - and has the purpose of enabling owners to create new employment opportunities and provide new services. These entrepreneurs that would otherwise have limited access to the formal financial system - too large for microloans but with insufficient collateral for commercial banks.
Essential Healthcare Program (EHC) - launched in November of 2008 its goal is to improve health conditions and increase access to health services by providing basic health services. One member of each BRAC borrowing group is designated and trained as a Community Health Promoter who serves the needs of the community with particular attention to poor women and children.
Agriculture, Livestock & Poultry - with experience from Bangladesh, BRAC started the program in October 2008 with the objective of increasing agriculture productivity and reduce vulnerability of poor and marginalized farmers through technical support and high quality seed.
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Apr 5, 2011 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $840,450 | $423,513,950 | |
| Amount of Raised Inactive Loans | $0 | $239,150 | |
| Number Of Raised Inactive Loans | 0 | 206 | |
| Amount of Paying Back Loans | $489,800 | $91,781,200 | |
| Number Of Paying Back Loans | 1,489 | 99,540 | |
| Amount of Ended Loans | $350,650 | $331,493,600 | |
| Number Of Ended Loans | 1,141 | 434,605 | |
| Delinquency Rate | 0.51% | 2.16% | |
| Amount In Arrears | $1,387 | $1,251,783 | |
| Outstanding Portfolio | $274,521 | $58,030,117 | |
| Number of Loans Delinquent | 22 | 10,003 | |
| Default Rate | 2.24% | 0.97% | |
| Amount of Ended Loans Defaulted | $7,843 | $3,220,059 | |
| Amount of Ended Loans | $350,650 | $331,493,600 | |
| Number Of Ended Loans Defaulted | 25 | 9,823 | |
| Currency Exchange Loss Rate | 0.00% | 0.02% | |
| Amount of Currency Exchange Loss | $0 | $77,435 | |
| Refund Rate | 1.16% | 0.96% | |
| Amount of Refunded Loans | $9,775 | $4,068,925 | |
| Number Of Refunded Loans | 15 | 4,589 |
| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 96.49% | 74.04% | |
|---|---|---|---|
| Average Loan Size | $321 | $406 | |
| Average Individual Loan Size | $321 | $645 | |
| Average Group Loan Size | $0 | $1,741 | |
| Average Number Of Entrepreneurs Per Group | 0 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $500 | $3,347 | |
| Average Loan Size / GDP Per Capita (PPP) | 64.29% | 12.14% | |
| Average Time To Fund A Loan | 1.27 days | 4.69 days | |
| Average Dollars Raised Per Day Per Loan | $253.35 | $86.59 | |
| Average Loan Term | 9.1 months | 9.61 months |
| This Field Partner | All Kiva Partners | ||
| Total Journals | 72 | 202,757 | |
|---|---|---|---|
| Journaling Rate | 6.07% | 39.94% | |
| Average Number Of Comments Per Journal | 0.03 | 0.11 | |
| Average Number Of Recommendations Per Journal | 0.01 | 2.73 |
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Portfolio Yield | 46.70% | 46.70% | 35.14% | |
|---|---|---|---|---|
| Profitability (Return on Assets) | -6.4% | -6.4% | -0.41% | |
| Average Loan Size (% of Per Capita Income) | 63.40% | 63.40% | 46.81% |
- Country:
- Liberia
- Capital:
- Monrovia
- Official Language:
- English 20% (official), some 20 ethnic group languages few of which can be written or used in correspondence
- Population:
- 3,441,790
- Avg Annual Income:
- 500
- Labor Force:
- Agriculture: 70% Industry: 8% Services: 22%
- Population Below Poverty Line:
- N/A
- Literacy Rate:
- 57.5
- Infant Mortality Rate (per 1000):
- 138.24 deaths
- Life Expectancy:
- 41.84 years
Field Partner Staff
Mohammed Abdus SalamKabir Ahmed
Robert K. Anderson
Ryan Cummings
Billal Hossain
Kwi Kollie
Precy Kwan
Khaled Morshed
Jacquelin Nimely
Majedur Rahman

