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Dutch bank to invest $50m in Bangladesh microfinance lender

FMO encourages BRAC to accelerate support of education and female empowerment

Bangladesh, once one of the poorest countries in the world, is attracting increasing attention from foreign investors.   © Reuters
QUYNH NGUYEN, DealStreetAsia | Bangladesh

HANOI -- Dutch development bank FMO has approved a $50 million investment in Bangladesh-based microfinance lender BRAC.

BRAC has a microfinance loan portfolio of $3.2 billion and serves more than 7.4 million customers in more than 69,000 villages, according to an FMO disclosure.

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