HSBC launches fund to support female entrepreneurs

As part of HSBC’s global commitment to supporting female entrepreneurs, HSBC has launched the ‘Female Entrepreneur Fund (FEF)’ in Bangladesh acknowledging 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, HSBC said in a statement. 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.

HSBC Bangladesh Country Head of Wholesale Banking Kevin Green 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.