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29 September 2022

Business Insider Bangladesh

HSBC to launch its global initiative to support female entrepreneurs in Bangladesh

BI Report || BusinessInsider

Published: 19:07, 3 August 2022   Update: 21:11, 3 August 2022
HSBC to launch its global initiative to support female entrepreneurs in Bangladesh

HSBC logo

HSBC will launch the ‘Female Entrepreneur Fund (FEF)’ in Bangladesh on Thursday in acknowledgement of the challenges that female-owned businesses

The fund will be launched as part of HSBC’s global commitment to supporting female entrepreneurs, said a press release.

The aim of the programme is to promote financial inclusivity for women entrepreneurs in Bangladesh through the FEF initiative by supporting: financial literacy, networking, and financing.

Of HSBC’s clientele base – female-led corporates, NGOs that help and promote female entrepreneurship, female-led startups and some selected non-customer groups and individuals will be eligible to participate in the programme.

Participants will benefit from access to HSBC’s extensive local and global networks, opportunity to learn and share knowledge among a cohort of female entrepreneurs, and workshops and master classes designed for specific needs.

Kevin Green, country head of Wholesale Banking, HSBC Bangladesh said, “Finance has a pivotal role to play as a catalyst for change and, through programmes such as the Female Entrepreneur Fund, we are taking strides to bring financial independence and inclusivity to the communities that we operate in.”

“This initiative will help us to connect our customers and communities with opportunities for growth, Green said.

After a successful launch in 11 markets, Bangladesh joins a number of markets in Asia to the coverage of the programme.

Islami Bank Bangladesh Ltd