Sending money back to Bangladesh
Citi and BRAC pair up to offer a remittance programme in Bangladesh.
Citi Bangladesh has signed a remittance distribution agreement with BRAC, the worldÆs largest national non-governmental organisation, which has over five million borrowers. Citi is billing this as one of the first such arrangements involving a micro-finance institution in the world.
Under the agreement, BRAC will work with Citi to help facilitate transfer of workers' remittances that come through Citi from all over the world.
BRACÆs micro-finance programme covers all 64 districts of Bangladesh with its 182,497 village organisations,...
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