BRAC Bank’s digital financing programme ‘Shafollo’ is expanding access to finance for underserved communities by offering them fast, collateral-free loans with minimal documentation, a press release said.
Piloted in Sherpur and now active in over 15 regions, including Rangpur, Rajshahi, Mymensingh, Jamalpur, Satkhira and char areas, Shafollo enables individuals in remote communities to access collateral-free loans from Tk 500-5,00,000. The application, verification and disbursement processes are fully digitised, saving time.
As of March 2025, more than 7,900 loans have been disbursed through Shafollo, the release said.
Customers can apply through BRAC Bank branches, SME offices, agent banking outlets, or from home using Shubidha — the bank’s dedicated digital lending platform — and Astha digital banking app.Â
