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BFN was established on July 16th, 1993, and registered on January 24, 1996, as a “Stichting,” a legal entity with limited liability without members or shared capital. The main areas of focus are :
- Promotion of financial inclusion of vulnerable groups through a microfinance program.
- Promotion of Gender Equality and the reduction of gender-based violence.
- Women’s social, economic, and political empowerment.
To help organize, socially, and economically strengthen and guide our target groups with developmental disadvantages so that they can guarantee their basic human rights.
The Stg. BFN is a leading organization that helps vulnerable groups to resolve social and economic problems.
Objectives of Organisation
Stg. BFN aims to support the sustainable development of disadvantaged groups to guarantee their fundamental human rights and their social and economic progress through :
- Implementing development programs to improve the livelihoods and living conditions of disadvantaged groups and communities
- Making services and resources available for their income enhancement
- Supporting community organizations in project development and financial mediation
- The development of funds and income raising activities to provide financing for the development of programs
- Entering into network and cooperation relationships with national and international actors that can contribute to the Foundation’s goal
- To engage in any other legal activities related to the Foundation’s purpose.
- Managed the BFN Growth Fund for microfinance by creating village saving groups specifically focusing on women. This has contributed to the historic first banking facility in the Hinterland of Suriname.
- Implemented a pilot project for coordinated prevention and help system to reduce gender-based violence with state and non-state actors.
- Organized numerous community development initiatives such as safe drinking water and sanitation, prevention of land erosion, and gender equality strategies.