Re-financing scheme for women recommended

The Business Initiative Leading Development (BUILD) has recommended Bangladesh Bank to take initiative for ensuring a separate re-financing scheme for women entrepreneurs, to enable them to avail more credit facilities

They also called for dedicated desks for women in banks and non-banking financial institutions to help them avail quick services.

“Banks need around 24 types of documents in the form of company document, personal document and business guarantor documents, which become very difficult for small business entrepreneurs,” BUILD Chief Executive Officer (CEO) Ferdaus Ara Begum said on Friday.

Therefore, simplification in this process is also very important,” She also said the situation of rural women entrepreneurs are now precarious as they suffer from fund crisis and cannot find collateral, even though BB has announced several other alternatives such as educational certificates, chamber/association certificates, although banks and financial institutions are mostly prefer collateral-based loans.