LLMs excel at code generation from English prompts, but this progress has not extended to low-resource languages. We address Bangla-to-Python code generation by introducing BanglaCodeAct, an agent-based framework that leverages multi-agent prompting and iterative self-correction. Unlike prior approaches relying on task-specific fine-tuning, BanglaCodeAct employs an open-source multilingual LLM within a Thought-Code-Observation loop, enabling dynamic generation, testing, and refinement of code from Bangla instructions. We benchmark several small-parameter open-source LLMs and evaluate their effectiveness on the mHumanEval dataset for Bangla NL2Code. Our results show that Qwen3-8B, when deployed with BanglaCodeAct, achieves the best performance, with pass@1 accuracy of 94.0\% on the development set and 71.6\% on the blind test set. These results establish a new benchmark for Bangla-to-Python translation and highlight the potential of agent-based reasoning for reliable code generation in low-resource languages. Experimental scripts are publicly available at github.com/jahidulzaid/PyBanglaCodeActAgent.