International Development written question – answered on 22nd October 2012.

Alert me about debates like this

Photo of Nick de Bois Nick de Bois Conservative, Enfield North

To ask the Secretary of State for International Development what the outcomes were of the Community Based Microfinance Initiative; and how the project was implemented in Bangladesh.

Photo of Alan Duncan Alan Duncan The Minister of State, Department for International Development

The project “Promoting economic development of the poor through community based microfinance initiatives in Bangladesh” was funded through the Civil Society Challenge Fund. The project was implemented by the Credit and Development Forum (CDF) across nine districts and aimed to improve access to commercial banking services for community based organisations (CBOs) and very poor people. The project started in April 2006 and was completed in March 2010.

The project worked with 25 community organisations to provide microfinance services for their members. These organisations provided small-scale finance to establish income-generating activities for 32,000 poor households. The increased income that was generated has allowed those households to invest in improved family health care, education and housing.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.