90% of low income factory workers are paid in cash
71% of the group lack understanding of financial products
98% of the workforce is unaware of the concept of Deposit Pension Scheme.
They have no emergency funds and rely on informal lenders paying up to 55% interest rates
AGAM aims to protect these economically precarious individuals from exploitation through knowledge and empowerment. AGAM wants individuals to be in better control of their finances and be more aware of the risks involved with informal lending practices.
AGAM has launched financial literacy programme for tea estate workers of Duncan Brothers (Bangladesh) Limited, reaching out to 80,000 individuals. This makes AGAM the pioneer of promoting financial inclusion among Bangladeshi tea industry workers.
AGAM aims to reach out to 63 million customers in Bangladesh. AGAM expects to impact 1.4 billion lives globally.