The Women Entrepreneurs Business Support Center, a key initiative under the We-Fi project of the World Bank and organized by BreakBite, successfully conducted an informative mentorship session on Business Finance and Loan Processing on February 27, 2024. The session featured esteemed specialists Mr. Monir Hossain, Senior Vice President and Mirpur Road Branch Head at UCB PLC, and Mr. Asif Ahnaf, Finance Secretary at e-CAB. The event saw the active participation of 37 women entrepreneurs eager to enhance their understanding of business finance and loan processing.

The webinar focused on a range of critical topics, including UCB’s alternative investment subsidy scheme, freelancing financial issues, spouse guarantor issues in pursuing loans from banks, export logistics, Islamic finance schemes, and e-CAB membership. The session provided a platform for participants to raise their questions and gain expert advice on various financial matters.

Key Discussion Points and Participant Queries:

  1. Nusrat:
    • Queries: e-CAB membership, Mukti Fund – BB Women Financing Initiative, loan process, TAX submission issue, LTD, business canvas, spouse guarantor issues with Bangladesh Bank (BRPD)
  2. Hasina Khanom:
    • Queries: Work order finance, freelancing-based finance issues, spouse guarantor issues, seeking contact with Mr. Monir Hossain for further guidance
  3. Najiba Wajiha Mahboob:
    • Queries: e-CAB membership, freelancing-based finance issues, seeking further advice from Mr. Monir Hossain
  4. Mohsena Munna
    • Queries: Islamic finance, profit-sharing models, equity-sharing models, financial and regulatory compliance documents
  5. Nasrin Akter Mila
    • Queries: Export logistics, jute fiber business, 50% TT, Monash University research
  6. Farida Easmin NARI
    • Queries: Export logistics, factory development
  7. Nazma Rahman Rozy
    • Explored strategies for securing business loans and managing financial risks

Participant Feedback: Participants expressed their gratitude for the comprehensive and insightful session. They appreciated the opportunity to engage directly with experienced financial specialists and receive tailored advice for their unique business challenges. The session was highly productive, offering practical solutions and empowering women entrepreneurs with the knowledge to navigate financial complexities effectively.

The Women Entrepreneurs Business Support Center continues to empower women by providing essential resources and insights through such interactive sessions. The center remains committed to supporting the growth and success of women-led SMEs by providing tailored support and expert guidance.