StanChart steps up to finance women entrepreneurs

The Women Entrepreneurs Association of Bangladesh (WEAB) and Standard Chartered yesterday signed a memorandum of understanding (MoU) at the bank's head office in Dhaka to facilitate access to financial services for women entrepreneurs.

Under the partnership, WEAB and Standard Chartered will collaborate to ensure association's members get better access to finance.

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Besides, they will also exchange knowledge on financial services, consultation support and organise training sessions for women entrepreneurs.

Salma Masud, president of the WEAB, and Sabbir Ahmed, head of consumer, private and business banking at Standard Chartered Bangladesh, signed the MoU, said a press release.

"WEAB has been a key contributor of 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.

"We are proud to partner with WEAB for improving access to finance for women entrepreneurs in Bangladesh. WEABs experience and network with women entrepreneurs will significantly complement Standard Chartered's global strategy for increasing participation in Women Entrepreneur financing," said Sabbir.

Bitopi Das Chowdhury, head of corporate affairs, brand and marketing at Standard Chartered Bangladesh, said: "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."