Bangladesh, the birthplace of microfinance, social business, home of the world’s largest NGO, widely practiced faith-based funds, philanthropic capitals, private equity, and venture capital to complement the traditional investment is progressing towards a new movement – a natural progression to adopt the Impact Investment Ecosystem.
With consistent and stable growth in the economy and favorable demographic dividends, Bangladesh is essentially the ‘seeding fertile ground for Impact Investment’. The primary concept of micro-finance is and will be the modern-era pride of Bangladesh. A financial model operating within the core norms of economy, banking, and profit; but at the same time encompassing people at the bottom of the pyramid, poverty eradication, and peace.
LightCastle Partners has recently signed a Memorandum of Understanding (MoU) with Build Bangladesh (BB) – a leading think tank, an investment firm, and current secretariat and founding member of the National Advisory Board of Impact Investments in Bangladesh – to harness the energy of both teams and commit towards a single mission of accelerating a ‘people centric’ impact investment in Bangladesh with an option to scale it to a regional and then global level.
Under this agreement, Build Bangladesh and LightCastle Partners will jointly identify engagement opportunities and bid and collaborate together to deliver the project as mutually agreed including but not limited to ecosystem building, accelerator/incubator programs, impact investments, impact audit, and impact fund establishment.