Women Entrepreneurs &
SME Financing at
Zara Jabeen Mahbub
Head, Customer Experience
BRAC Bank – Beginning of the Journey
Not Served by
Banks & beyond
Limit of MFIs
Multinational & Local
Corporates
Micro
Bus...
BRAC Bank – Philosophy in SME Banking
Differentiating factors –
Triple Bottom Line – People, Planet & Profit
Fund Flow S...
BRAC Bank – In 10 Years…
• Evolved as Country’s largest SME Bank:
• 430 SME Unit Offices
• 157 Branches & SME
Service Cent...
BRAC Bank – Empowering Women in Bangladesh 1/2
• BRAC BANK is the first bank in the country to setup a Women Entrepreneur ...
BRAC Bank – Empowering Women in Bangladesh 2/2
• There were some challenges initially when we started Women Entrepreneur C...
Creation of Jobs…
• Till date BRAC Bank as created around 1.5 million new employments through it’s
Small Business lending ...
Thank You
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Brac bank limited zara mahbub

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Brac bank limited zara mahbub

  1. 1. Women Entrepreneurs & SME Financing at Zara Jabeen Mahbub Head, Customer Experience
  2. 2. BRAC Bank – Beginning of the Journey Not Served by Banks & beyond Limit of MFIs Multinational & Local Corporates Micro Business Small & Medium Enterprises Served by all Public & Private Commercial Banks Served by MFIs Missing Middle To serve the “Missing Middle” and to work as a catalyst for the vibrant yet unbanked SME sector of Bangladesh, our Chairperson, Sir Fazle Hasn Abed founded BRAC Bank in 2001 with institutional shareholding of BRAC, ShoreBank & IFC.
  3. 3. BRAC Bank – Philosophy in SME Banking Differentiating factors – Triple Bottom Line – People, Planet & Profit Fund Flow Strategy Focus on serving SMEs Focus on Financial Inclusiveness Empower Women Entrepreneurs We led the way  First SME Bank of the Country  First commercial bank to provide collateral free loans to SMEs  Lending in the SME Segment can be profitable  First SME Bank to have dedicated Women Entrepreneur Cell.
  4. 4. BRAC Bank – In 10 Years… • Evolved as Country’s largest SME Bank: • 430 SME Unit Offices • 157 Branches & SME Service Centers • 330+ ATMs • 14 Financial Kiosks Customer Touch Points • SME portfolio: 46,312m • Customers: 97,847 • Women Loan: : 368m • Women Customer: 1,389 • Disbursed : 253,263m • Customer served : 437,377 • Generated employment: 1.3m Since Inception Portfolio
  5. 5. BRAC Bank – Empowering Women in Bangladesh 1/2 • BRAC BANK is the first bank in the country to setup a Women Entrepreneur Cell under its SME Division in 2006 and introduced a loan product only for Women Entrepreneurs - “PROTHOMA”. • Women Entrepreneur Cell is a team at the BRAC Bank head office lead by Senior Managers & Relationship officers who are working across the country to cater to women entrepreneurs. CROs have been playing an exemplary role not only by providing loans but also providing suggestions & expert advices related to their businesses. • Preferential rate of interest 10% is offered to Women Entrepreneurs where standard rate is 22% • Since inception of Women Entrepreneur Cell, we disbursed 3,968 million which has served 8,504 Women Entrepreneurs (as of Feb 28, 2014). Current outstanding number of customers is 1,389 whose outstanding amount is BDT 368 million.
  6. 6. BRAC Bank – Empowering Women in Bangladesh 2/2 • There were some challenges initially when we started Women Entrepreneur Cell such as o Lack of women entrepreneurs. o Spotting real women entrepreneurs around the country. o Discouragement of women from their families to start their own businesses o Lack of enthusiasm. o Availing PROTHOMA loan in the name of women entrepreneurs but loan was used entirely into their husband’s businesses. o Limited sectors of providing loan. o Lack of in-depth knowledge about women entrepreneurs. • However, BRAC BANK SME overcame the above mentioned hurdles through prudent and in-depth market research and analysis. BRAC Bank has taken a lot of initiatives to strengthen this cell further.
  7. 7. Creation of Jobs… • Till date BRAC Bank as created around 1.5 million new employments through it’s Small Business lending in various sectors (Trading, Manufacturing, Agriculture, Service, etc.) • BRAC bank commenced 1st Impact Measurement Study in 2010 with an objective to validate indicators and track performance of their SME loan where Employment Creation of both Male & Female employees were measured. The result is – Economic Sub- indicator Specific measurement indicators First Study Treated (N=286) Control (N=134) t-test % of change over control Employment creation Number of full time male employees 2.26 1.62 3.27 71.68 Number of full time female employees 0.31 0.29 0.23 93.55  Male employment increased by 72%  Female employment increased by 93% • It was also found that -  Manufacturing sector employs three times more employees than trading & agricultural sector.  Highest number of women are employed by manufacturing sector & trading sector employs the least number of women
  8. 8. Thank You

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