sending-money-back-to-bangladesh

Sending money back to Bangladesh

Citi and BRAC pair up to offer a remittance programme in Bangladesh.
July 25, 2007
Citi Bangladesh has signed a remittance distribution agreement with BRAC, the worldÆs largest national non-governmental organisation, which has over five million borrowers. Citi is billing this as one of the first such arrangements involving a micro-finance institution in the world.

Under the agreement, BRAC will work with Citi to help facilitate transfer of workers' remittances that come through Citi from all over the world.

BRACÆs micro-finance programme covers all 64 districts of Bangladesh with its 182,497 village organisations, and 3,090 branches. And so, to meet the needs of far-flung people, BRAC deploys more than 20,000 of its 100,000 employees to concentrate just on micro-finance.

This agreement underlines Citi's commitment towards the financial inclusion...
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