BSS, Dhaka
The BRAC has decided to write off microfinance loans of about Taka 100 crore in the cyclone-hit areas.
The decision was taken yesterday basing on initial assessment of the Sidr-affected areas.
The BRAC had earlier decided not to collect microfinance installments from its borrowers in the cyclone-hit areas of the southern region till March. However, new loans to the affected borrowers will continue to be disbursed with a view to generating economic activities.
It is undertaking massive rehabilitation programmes in the agriculture, fisheries and livestock sectors in the cyclone-hit region. [Read more]