Mastercard, a leading global payments and technology company, has announced the fourth phase of its financial and business literacy programme for women entrepreneurs in Bangladesh.
The programme is intended to provide financial and business literacy education to 15,000 low or no-income women in Bangladesh in 2017 under the fourth phase, bringing the total figure to 150,000 since 2013, said a press release.
In line with the Mastercard’s global focus of harnessing entrepreneurship in women and children, the new programme offers training to ensure the efficient use of microfinancing loans for women entrepreneurs across the country.
Mastercard launched the first phase of its financial and business literacy programme in 2013 to mark the opening of their first office in Bangladesh. The second phase followed in 2015 and the third in 2016.
In association with BURO Bangladesh and Bangladesh Bank, Mastercard has provided financial literacy and business skills trainings to over 135,000 entrepreneurs and “10-taka account” holders.
Bangladesh Bank Deputy Governor SK Sur Chowdhury formally inaugurated the fourth phase as the chief guest.
Mijanur Rahman Joddar, Executive Director of Bangladesh Bank, was present as special guest and Vikas Varma, Senior Vice President, South Asia, Syed Mohammad Kamal, Country Manager, Mastercard Bangladesh, and Zakir Hossain and Executive Director of BURO Bangladesh, among other officials, were present at the function at a hotel in Dhaka on Tuesday.
“I believe what gets in the way of many hardworking and self-determined Bangladeshi women to success is lack of privilege and financial illiteracy,” said SK Sur Chowdhury.
Vikas Varma said: “In Asia Pacific, Mastercard aims to provide entrepreneurial opportunities to more than 400,000 women and girls by 2020.”
Justna Begum, a woman entrepreneur, said: “I am now successful in my business. Mastercard and BURO helped me succeed in the business.”