Voluntary Service Overseas
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Bank Asia Limited-SP022 (Growing Together )

IATI Identifier: GB-CHC-313757-BAL001
Published in IATI IATI
  • date_range Apr 01, 2018 - Jan 31, 2020
  • autorenew Implementation (Status)

The project addresses the window 2 challenge by establishing a smart agent banking channel for rural Micro and Small Enterprises (MSEs),using technology coupled with a robust business support system that builds capacity of the participating enterprises to ensure their maximum economic success. One of the fundamental challenges for small holder farmers in Bangladesh is access to business finance. For too long the development sector has assumed that access to micro-finance benefits farmers. Often NGO led micro-finance offers more choice and reduced interest rates against the appalling interest rates charged through money lenders in the black market, a source of debt financing farmers have historically resorted to in the absence of retail opportunity and asset collateral. Traditional micro finance does not however move farmers and micro entrepreneurs away from cycles of short term debt and into cycles of long-term investment. lt doesn't sustainably change their finances to manage cropping seasons.

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Sectors:
  • Agricultural financial services error
    Sector code:
    31193 - Agricultural financial services
    Sector vocabulary:
    1 - OECD DAC CRS Purpose Codes (5 digit)

Participating Organisations

Organisation Name Organisation Type Organisation Role
Voluntary Service Overseas (VSO) International NGO Implementing
Bank Asia Limited Private Sector Funding

Transaction

Transaction Value Provider Receiver Type Date
191,393 GBP (Valued at Jun 30, 2018) circle Provider N/A circle Receiver N/A Expenditure date_rangeAug 31, 2018

Budget

596,543 USD
424,685 GBP (Valued at Apr 02, 2018) date_range Apr 01, 2018 - Mar 31, 2019
access_timeUpdated on Sep 21, 2018 13:49:37
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