Monday, 17th January, 2022
Monday, 17th January, 2022

WEAB, SCB to facilitate access to finance for women entrepreneurs

Will also exchange knowledge on financial services, consultation support and organizing training sessions for women entrepreneurs

Women Entrepreneurs Association of Bangladesh (WEAB) and Standard Chartered Bangladesh (SCB) on Tuesday announced a partnership to jointly facilitate access to financial services for women entrepreneurs in the country.

A memorandum of understanding (MoU) was signed by Salma Masud, president, WEAB and Sabbir Ahmed, head of consumer, private and business banking at SCB.

As per the agreement, WEAB and Standard Chartered will collaborate to ensure WEAB members get better access to finance.

The partnership will also extend to knowledge exchange on financial services, consultation support and organizing training sessions for women entrepreneurs.

“WEAB has been a key contributor to women entrepreneurship development in Bangladesh for more than 20 years, and we are delighted to partner with Standard Chartered to empower our members with better access to finance,” said Salma Masud, president of WEAB.

WEAB’s experience and network with women entrepreneurs will significantly complement Standard Chartered’s global strategy for increasing participation in Women Entrepreneur financing, said Sabbir Ahmed, head of consumer, private and business banking at SCB.

“We hope this partnership will gradually expand further, complementing our key global strategy for lifting participation in our key markets by unleashing the full potential of women entrepreneurs,” said Bitopi Das Chowdhury, head, corporate affairs, brand & marketing at SCB.

WEAB has been a patron of women entrepreneurs in Bangladesh since its establishment in 2000.

At present, the organization has 5,000 members all across Bangladesh. They continuously work on lobbying for micro to macro women entrepreneurs to assist their growth and improve their economic prospects.

With over 116 years of presence in Bangladesh, Standard Chartered is the only bank in the country with a unique blend of deep-rooted local presence and capacity to capitalize on its global network and product coverage.

The partnership leverages Standard Chartered’s banking networks both at home and abroad to purposefully connect SMEs with broader local and international markets.

Share this post: