Sir Fazle Hasan Abed: Knight and a visionist

 

Who does not know about BRAC? But not all of them are familiar with the name Sir Fazle Hasan Abed. A young boy from Baniachong, Sylhet, who had this great vision of making Bangladesh an unemployment free self-sufficient country. The dream started with just a $20,000 investment received from selling the flat of London and stablishing Bangladesh Rehabilitation Assistance Committee also known as BRAC in 1972. After the establishment and some successful years, passing by the man didn't stop. He then again started to accomplish what he dreamed of, “Bangladesh without poverty”. Sir Fazle Hasan Abed, then with the profits he accumulated from the NGO and the donations he received worldwide, started to help the farmers with the concept of microfinance. In this article we will talk about the 3 basic sectors where Sir Fazle Hasan Abed implemented his strong vision and permanently changed those areas to ensure a sustainable future. 

Microfinance: Microfinance is a banking service provided to unemployed or low-income individuals or groups who otherwise would have no other access to financial services. Microfinance allows people to take on reasonable small business loans safely, and in a manner that is consistent with ethical lending practices. Sir Fazle Hasan Abed saw possibilities in agricultural loans, microloans for women without collateral, and loans for small businesses. As a result, he developed the concept of microfinance in these specific industries where those who truly needed money received adequate help from the financial system. Only in Bangladesh, this concept of him has already benefitted more than 4.9 million people and created an astounding amount of 60.54 billion BDT.  

Humanitarian aids :He really did help the less fortunate. His acts of kindness had no boundaries. He was the one to be seen at the front, whether he was developing youth schools for social entrepreneurs or offering help in impacted areas. He made significant contributions to strengthening the nation's economy in addition to helping the underprivileged. Only 22 BRAC schools existed in the nation in 1985; by 2009, there were 64,000.  





                                                                                   

Awards: The globe praised him extensively for his efforts. He thus earned many honorary honors. However, the story's intriguing parts weren't the prizes. The money he earned with each prize, was used to develop BRAC. These gifts from him ensured there was enough money for a new and better initiative by the time BRAC was successful with microfinance projects. As a result, BRAC was able to effectively start several large projects. These initiatives provided real benefits to the general populace.


His efforts to save the country's economy and to help the poor didn't stop even after his demise. His attempts to improve the nation's education did not go in vain. The organization he founded with $20,000 BRAC is now in charge of overseeing and monitoring all of these initiatives. Even though this wonderful guy is not physically here with us at the moment, the moral principles and ideals he imparted with us during a period when the country was going through a difficult time taught us how everyone should approach with an ambition of doing something for the country. His two children are carrying on his work today, and BRAC, which has grown to include 97742 members, is helping millions of people throughout the world. 

Written by 

Dipto Sumit (22299520) 

 

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