Nowadays there are lots of women who have been entrepreneurs and this is empowering our women. There’s a new opportunity for Bangladeshi women entrepreneurs. HSBC’s Global Initiative to support female entrepreneurs launched in Bangladesh. Their goal is promoting financial inclusivity for female entrepreneurs.
HSBC is one of the world’s largest banking and financial services organizations. They serve approximately 39 million customers through their global businesses: Wealth and Personal Banking, Commercial Banking, and Global Banking & Markets. Their network covers 62 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America. Their purpose – Opening up a world of opportunity – explains why they exist. HSBC opened its first branch in Bangladesh in 1996.
As part of HSBC’s global commitment to supporting female entrepreneurs, HSBC has launched the ‘Female Entrepreneur Fund (FEF)’ in Bangladesh on 4th August 2022, in acknowledgment of the challenges that female-owned businesses face.
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
- 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”.
After a successful launch in 11 markets, Bangladesh joins a number of markets in Asia to the coverage of the programme end.
It recognizes that when women are given the right opportunities and resources, they can shine just as brightly as anyone else.
This financial opportunity of FEF will be a hope of countless women in Bangladesh. This will unlock the doors to women for their entrepreneurship journey. They will be able to participate in the economic changes and break the barriers for women’s restriction. The FEF support is invaluable in a country where female entrepreneurs face many challenges. To overcome the challenges many women who get benefited have not only become financially self-reliant but are also contributing to their family’s income. This newfound financial stability is a positive change, not only for the women themselves but for their communities as well.
The HSBC Female Entrepreneurs Fund is not just about providing financial support. It is about changing lives, challenging stereotypes, and reshaping the future of Bangladesh. By empowering women to become entrepreneurs, the FEF is making strides in creating a more equitable and prosperous society. As we witness the transformation of countless lives, it becomes evident that investing in women is not just a smart business move but a powerful tool for societal progress. With the FEF as a guiding light, the future of Bangladeshi women entrepreneurs is indeed looking brighter than ever.
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Writer
Towhida
Intern, Content Writing Department
YSSE