BRAC officials led by Mr. Saidul Haque, Cluster Manager, Microfinance had an exchange with Natuarpara Microfinance branch officials of National Development Programme (NDP) to better understand their approaches in making seasonal agricultural loan based operation successful on the chars. The visiting team also spoke to agro-input company representatives, their distributors and retailers, traders, various other service providers, and char farmers who have benefitted from use of seasonal agricultural loans and relevant agro-input and agro-output products and services.
Under a two-year partnership, M4C is supporting BRAC Microfinance to integrate market facilitation interventions to mitigate associated risks of agricultural financing and to make microfinance operation feasible in hard-to-reach northern char areas, where agriculture continues to be major contributor of livelihoods and poverty alleviation. M4C, so far, has supported NDP, Gram Unnayan Karma and SKS Foundation to successfully expand microfinance operation on the chars of Sirajganj, Bogra and Gaibandha districts respectively.
M4C is a project mandated by the Swiss Agency for Development and Cooperation and Ministry of LGRD & Cooperatives, Government of Bangladesh. Swisscontact in collaboration with Rural Development Academy, Bogra continue to implement M4C in Gaibandha, Sirajganj and Kurigram districts until December 2019.