BRAC Liberia Microfinance Company Limited was launched in 2008. It is the largest microfinance provider in Liberia operating with 42 branches. It provides inclusive financial services to people living in poverty, with a strong focus on women living in rural and hard-to-reach areas.
OUR MISSION
Our mission is to provide a range of financial services responsibly to people at the bottom of the pyramid. We particularly focus on women living in poverty in rural and hard-to-reach areas, to create self employment opportunities, build financial resilience, and harness women’s entrepreneurial spirit by empowering them economically.
OUR REACH
*As at July 2023
OUR PRODUCTS
MICROFINANCE GROUP LOANS
SMALL ENTERPRISE LOANS
AGRICULTURE LOANS
JOBHOLDER LOANS
OUR APPROACH
Socially driven
To create a positive impact in the lives of our clients is our only bottom line. We deliver financial services in a way that is transparent, fair, and safe, adhering to the Universal Standards for Social Performance Management and the Client Protection Principles, placing clients’ well-being at the center of everything we do to achieve our mission.
Inclusive financial services
We offer inclusive, accessible, and convenient loan and savings products tailored to the needs of the local community, including women, smallholder farmers, small business owners, and youth. We complement these services with financial literacy training, enabling borrowers to make informed financial decisions.
Empowering women
When women have control of their finances, they are more likely to invest in family needs, such as health care, nutrition, and education for their children. We primarily focus on women, enabling them to become financially resilient and improve the quality of life of their families.
Digital innovation
The client value proposition is at the core of our digital transformation efforts, with a particular emphasis on reducing the gap in women’s digital financial inclusion. We are embracing financial technology by digitising field operations and adopting alternative delivery channels to increase operational efficiency and offer greater convenience to our clients.
Holistic approach
Pairing microfinance with other social services can amplify the impact of our mission. We complement our microfinance services with many of our social development programmes, such as youth empowerment, agriculture and food security, and livelihood programmes.
OUR IMPACT
Microfinance, responsibly delivered, is a powerful tool to increase the inherent resilience and economic empowerment of people living in poverty.
We believe that we can achieve sustainable impact at scale by listening and learning directly from the people we aim to serve.
We started to measure our social performance and desired client-level outcomes from 2019 using Lean Data℠ methodology on five social outcome focus areas of BRAC International Microfinance: quality of life, financial resilience, women’s economic empowerment, self-employment and livelihood opportunities, and household welfare. This regular annual exercise complements our Social Performance Management and Client Protection initiatives, and enables us to set targets and define strategies to reach more people living in poverty to achieve long-term impact.
The fourth impact survey was completed in 2022 using Lean Data℠ methodology in partnership with 60 Decibels. All respondents were women.
Highlights from 2022 Impact Survey
- 97% of clients said their quality of life had improved after engaging with BRAC
- 99% of clients earned more after engaging with BRAC
- 97% of clients contributed more to important household decisions
- 97% of clients saved more after engaging with BRAC
- 97% of clients planned their finances better after engaging with BRAC
OUR STORIES
Now I am earning from the guest house that I established and also wholesale dry goods and rice sacks. I bought land and two houses. I live in one house and have rented the other.
– Pallah Masquoi
LATEST FROM US
PARTNERS
COUNTRY LEADERSHIP TEAM
Contact Us
Office Address
BRAC Liberia
Divine Town, Old Road, Opposite Jubilee Church,
P.O. Box 1940, 1000 Monrovia, 10 Liberia.
Contact Number
M: +231 (+231) 886-589-539
Find us online
E-mail: bracliberia@brac.net