BRAC Bank & Green Delta win the Insurance Innovation Challenge by SME Foundation & UNDP
BRAC Bank and Green Delta Insurance PLC have won the award of Insurance Innovation Challenge, a joint initiative by SME Foundation (SMEF) and UNDP Bangladesh.
As the winner, the two organizations will provide a blended finance solution of digital micro lending bundled with micro insurance for climate-vulnerable cottage, micro and small enterprises (CMSEs).
This winning initiative, project NIRAPOD, marks another milestone for FINNOVISION, BRAC Bank's impact driven SME Innovation Lab, reinforcing the bank's commitment to developing practical financial solutions for underserved entrepreneurs.
Project NIRAPOD integrates collateral-free digital loans, climate-responsive insurance, and advisory services into a single customer journey. The solution includes weather index-based crop and f...