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2. Bangladesh - Rosettee Najneen
Rosy Enterprise is a women-owned business founded in 1997 in Rajshahi, Bangladesh that produces and sells sarees, bed covers, children's clothing, and toys. It employs 54 individuals and plans to expand into garment production. Rosy Enterprise joined the Rajshahi District Women's Business Forum (DWBF) in 2009, which has provided networking opportunities with other women entrepreneurs, increased visibility and respect in the community, and access to government officials. The DWBFs were created in 2009 by IFC and The Asia Foundation to provide institutional support for women-owned businesses through networking platforms to address issues like access to financing, advocacy, and market information. The Rajshahi DWBF has 115 members,
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2. Bangladesh - Rosettee Najneen
- 1. Connecting root-level women-owned businessesthrough national and regional platforms 1
- 2. Rosy Enterprise: Background •Founded in 1997 • Wide variety of products: • Sarees • Bed covers • Nakshikatha • Children’s clothing and toys • 1 store in Rajshahi, employing 54 individuals • Future plan: to expand business to form a small garments producing enterprise 2
- 3. Rosy Enterprise: Benefitsfrom joining DWBF • Involvement with DWBFs began in 2009, through District Public- Private Dialogue (DPPD) events • Benefits gained from joining the Rajshahi DWBF: • Networking with other women entrepreneurs: more customers, business ideas • Increased visibility and respect in the community • Access to government officials: Mayor, District Commissioner, Trade union officials, VAT/Tax officials 3
- 4. DWBFs as platformsfor networking and collective action • The District Women’s Business Forums (DWBFs) were created in 2009 with the support of IFC and The Asia Foundation • The DWBFs are an institutional innovation that have improved the business environment for women-owned businesses • Before the creation of effective platforms, women faced problems in: • Accessing formal-sector finance • Advocating for appropriate policies to local and national government • Gaining information regarding government regulations, financing opportunities, etc. • Selecting profitable market niches to exploit 4
- 5. Achievements of RajshahiDWBF 5 115 Members Financing 30 Members received collateral-free loans through DWBF membership Awards 5 Members received awards from SME Foundation and BWCCI Shops 50 Shops allocated on concessional rent terms by the Mayor of Rajshahi
- 6. Achievements of BarisalDWBF 6 112 Members Financing 50 Members received collateral-free loans through DWBF membership Awards 5 Members received awards from SME Foundation and BWCCI
- 7. Achievements of RangpurDWBF 7 115 Members Financing 75 Members received collateral-free loans through DWBF membership Fees 25% Concession on participation fees for trade fairs in Rangpur Shops 22 Shops allocated on concessional rent terms by the Mayor of Rajshahi
- 8. Achievements of SylhetDWBF 8 129 Members Financing 96 Members received collateral-free loans through DWBF membership Fees 25% Concession on participation fees for trade fairs in Rangpur
- 9.