Shameran Abed is the director of the BRAC microfinance program, which serves more than five million clients in seven countries in Asia and Africa, and has total assets exceeding USD 1 billion.
Mr Abed also serves on the boards of BRAC Bank’s mobile financial services subsidiary, bKash, and Guardian Life Insurance. Additionally, he sits on the Microfinance Network Steering Committee and the World Economic Forum Financial Inclusion Steering Committee. Prior to joining BRAC, Mr Abed was a journalist and wrote primarily on political issues.
Starting its work in the early 1970s, BRAC was one of the earliest known organisations to use the modern microfinance model of lending small amounts to groups of women. Working alongside several other development programs, the success of the microfinance program supported BRAC in its growth to be the largest development organisation in the world in terms of staff numbers.