HSBC to launch Female Entrepreneur Fund today

As part of HSBC's global commitment to supporting female entrepreneurs, Hongkong and Shanghai Banking Corporation (HSBC) will launch the "Female Entrepreneur Fund (FEF)" in Bangladesh today.

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, a press release said.

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.

"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,"said Kevin Green, country head of wholesale banking at HSBC Bangladesh.

"This initiative will help us to connect our customers and communities with opportunities for growth."

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