BRAC Bank, Heifer Bangladesh to work together to help rural livestock farmers

BRAC Bank and Heifer Bangladesh have partnered to facilitate livestock farmers' businesses in rural Bangladesh.

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

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

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