BRAC Bank, Heifer Bangladesh join hands to help livestock farmers

BRAC Bank and Heifer Bangladesh have partnered to facilitate livestock farmers’ businesses in rural Bangladesh. Heifer Bangladesh represents Heifer International, a global non-profit organization dedicated to helping farming communities lift themselves to self-reliance.

This five-year agreement will enable BRAC Bank to finance the enlisted farmers of Heifer Bangladesh, which operates in Rajshahi, Sirajgonj, Tangail, Natore, and Kishorgonj, the bank said in a statement.

As part of the collaboration, Heifer Bangladesh will facilitate BRAC Bank in developing a customized product dedicated to livestock financing, helping the bank expand its financing portfolio in the growing livestock sector in the country.

Heifer Bangladesh will also work on loan application requests, screening, and financial capacity development for smallholder farmers.

BRAC Bank Deputy Managing Director and Head of SME Banking Syed Abdul Momen and Heifer Bangladesh Country Director M Siddiqur Rahman were present in the agreement signing ceremony on behalf of respective organizations at the bank’s head office in Dhaka recently. Other senior officials of both organisations were also present at the ceremony.