BRAC and UNCDF both took risks when deciding to implement and fund BRAC’s greenfield microfinance operations in the challenging environments of South Sudan in 2008 and in Sierra Leone and Liberia in 2009. Although the challenges may have been underestimated, the risk paid off in two of the three countries; while BRAC had to close its microfinance operations in South Sudan in 2012, it has been able to achieve leadership in an albeit shrinking market in
Sierra Leone and Liberia.

Read the case study by clicking the link above right.