Device Loan (Laptop Loan) Initiative:

Digital technology has become an integral part of our lives for transforming various
sectors and improving access to information and financial services. Nowadays,
digital devices such as Computers, Laptops, Tab Smart Phone, etc. are very
important for fulfilling various needs. Communication, Information Collection, Official
tasks, Online education, business, training at home and earning from it all require
devices. But in many cases, purchasing a device with one-time financing is difficult
for many of our people in Bangladesh. Moreover, a significant digital divide exists
between urban and rural areas in Bangladesh. To address these, BRAC
Microfinance Programme launched a financial product called “Device Loan” along
with value-added services (VAS).

Objective:
The objective of the device loan to develop women entrepreneurs through financial
support for having devices including value-added Services.
➢ To enhance participants’ knowledge, skills, and opportunities through
increased access to digital devices, online education, and e-commerce
platforms.
Main Features of the Device Loan:
➢ Only Women are eligible and will get loan as a member of Dabi Programme
➢ Loan ceiling: A maximum of tk.1,00,000 (one lakh)
➢ Loan Tenure: 12 and 18 months
➢ Service Charge: 24% Decreasing Method
➢ The loan will be accompanied by 2 voucher facilities. If the member fails to
pay the installments in any month, the member can use the voucher.
➢ No other loan can be disbursed while the device loan is in progress.
➢ VAS is included with the loan
➢ Potential member of the borrower’s family can receive the VAS (instead of the
loanee)

SMART Phone Loan :

SMART Phone loan is for the internal staff who are directly connected with daily
basis operations. Currently, BRAC does not have any SMART phone loan for
beneficiaries or clients.

Main Features of the Device Loan:

➢ Interest-free loan
➢ staff will be owner of the device from day one
➢ Loan ceiling: Maximum 30,000 tk
➢ Loan duration 36 months
➢ 50% of loan outstanding bear by staff and 50% loan outstanding bear by
BRAC.