Standard Charteredand Women Entrepreneurs Association of Bangladesh (WEAB) has announced a partnership jointly to facilitate access to financial services for women entrepreneurs in the country. .
To this effect,. SalmaMasud, President, WEAB and Sabbir Ahmed, Head, Consumer, Private and Business Banking, Standard Chartered Bangladesh, signed a Memorandum of Understanding (MoU) on Tuesday (December 28, 2021).
Under the partnership, 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.
Salma Masud, President WEAB said, “WEAB has been a vital contributor of women entrepreneurship development in Bangladesh for more than 20 years, and we are happy to partner with Standard Chartered to empower our members with better access to finance.”
Sabbir Ahmed, Head, Consumer, Private and Business Banking, Standard Chartered Bangladesh said, “We are proud to collaborate with WEAB for improving access to finance for women entrepreneurs in Bangladesh”. “WEABs experience and network with women entrepreneurs will significantly complement Standard Chartered’sglobal strategy for increasing participation in Women Entrepreneur financing”.
Bitopi Das Chowdhury, Head, Corporate Affairs, Brand & Marketing, Standard Chartered Bangladesh said, “We hope this partnership will gradually expand further, complementing our key global strategy for stimulating participation in our key markets by ensuring the full potential of the women entrepreneurs”.
High officials from both the organisations were present at the signing ceremony, said a press release.
WEAB has been a renowned promoter of women Entrepreneurs in Bangladesh since its establishment in 2000. At present, WEAB has 5,000 members across the country. The organization working for the women entrepreneurs, has been a strong community voice, lobbying for micro to macro women entrepreneurs to assist their growth and to improve their social and economic wellbeing.
With more than 116 years of presence in Bangladesh, Standard Chartered is the only bank in Bangladesh with a strong local presence and capacity to capitalise on its global network and product coverage.
