BURO Bangladesh is a national level ‘not-for-profit’ non-government development organization set up in 1991 with a view to work for the poor on a sustainable basis to reduce poverty. It is a specialized micro-finance institution that provides high quality flexible financial services to low-income people, particularly the women, who are regarded as its prime customers. To meet their ever-growing financial needs, BURO has launched six loan products, two savings products and one insurance scheme.

It introduces agriculture loan to small and marginal farmers and stepped up loans to the entrepreneurial clients called enterprise loan. The organization also has a wide range of hardcore poor development program and a disaster mitigation program for the affected and vulnerable group of people. BURO has been achieving milestones of success and eventually attained financial sustainability.

BURO Bangladesh operates its programs through 629 branches in Countrywide.

 

Products

BURO Bangladesh is mainly concentrated on loans to micro-entrepreneurs (81% of the Outstanding Portfolio). BURO Bangladesh disburses collateral fee loans. Primarily, the credit procedures are based on the Grameen model but with some modifications. BURO Bangladesh motivates the target people to form customer groups, encourages them to save and provides credit to capitalize their income generation activities and meets emergency needs. In addition to the core savings and credit activities, BURO Bangladesh undertakes human resources development training for its members mainly primary health care, water and sanitation, education, motivation family planning, tree plantation, skill development and mass education program as an integral part of the organization's approach to rural development.