Corporate Focus

11 May 2016, 12:00 am0

Nazeem A. Choudhury, Head of Consumer Banking of Eastern Bank Ltd (EBL) and Sk Humayun Kadir, Deputy Managing Director of Rigs Group exchange documents after signing a Payroll Banking Agreement in Dhaka recently.

How low-income Bangladeshis use loans

Stuart Rutherford :Bangladeshis have a long tradition of borrowing from family, neighbors and other informal sources. Microfinance institutions (MFIs) have proliferated over the past three decades and offer a more formal loan service that has been taken up with enthusiasm, and today some 25 million Bangladeshis borrow from MFIs.Rickshaw driver Ram Babu took MFI loans so that he’d have cash on hand to pay medical bills for his sick mother. Credit: Stuart Rutherford But how are these MFI loans used?...

12 Jan 2018, 12:00 am