MICROCAPITAL BRIEF: BRAC Raising Debt from Global Partnerships, Proparco; Seeking to Expand Microfinance Outreach, Including into 3 New Countries

To grow its microfinance operations, BRAC International, which operates in a range of African and Asian countries, recently launched a programme to source debt from multiple investors, the first of which are Global Partnerships, an investment fund manager based in the US city of Washington, and Proparco, a development finance institution backed by the French government. With the new funding, BRAC International aims to grow its client base, which is made up almost entirely of women, and