Fazle Abed and BRAC

fazle-hasan-abed-brac1In his Forbes article from November 26th, Andrew Kuper writes that Fazle Hasan Abed has “labored to demonstrate the power of microcredit as an alternative asset class.” Abed, a Bangladeshi social entrepreneur, founded the Bangladesh Rural Advancement Committee, or BRAC, in February of 1972. Today, the foundation is the largest non-governmental organization with over 100,000 staffmembers reaching over 110 million people in Africa and Asia. BRAC is particularly interested in improving human rights and gender and social equality. Its programs are meant to be sustainable in the longterm though it maintains fundraising efforts as well. Abed and his organization have been the recipients of many awards including the UNICEF Maurice Pate Award (1992), Social Entreprenuership Award by the Schwab Foundation (2002), and the Gates Award for Global Health (2004).

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