Contribution of Banks to the Development of SMEs’ Access to Finance in Bangladesh

5.6

MFIs have been essential in enhancing and extending financial access for the disadvantaged, particularly for women running unregistered micro businesses. More than 33.3 million borrowers received loans from the 746 licensed MFIs in FY21, totaling more than BDT 1680.98 billion. More than BDT 414.35 billion worth of savings were made in the microfinance industry (Micro Credit Regulatory Authority (MRA), 2021). The goal of Grameen Bank's founding was to end poverty and improve the social standing of the underprivileged. Grameen Bank disbursed a total of BDT 175.11 billion in loans in FY21, with BDT 211.50 billion of loans already repaid at that point (MRA, 2021).