Bangladesh Finance Teams Up with WeGro Technologies to Expedite Loans for Agricultural Entrepreneurs with Favorable Terms
In a pivotal move towards fostering sustainable agriculture, Bangladesh Finance has embarked on a path of impact financing. A significant collaboration pact was formally sealed between Bangladesh Finance and WeGro Technologies Limited, signifying a concerted effort to promote financial inclusion among marginalized agricultural entrepreneurs. The heart of this agreement lies in the provision of hassle-free loans to small-scale agricultural ventures, coupled with the equitable distribution of their produce at fair market prices.
The ceremonial signing of the collaboration agreement took place at the corporate headquarters of Bangladesh Finance, situated in Dilkusha, Dhaka, on Wednesday afternoon, August 23. A defining benefit stemming from this partnership lies in Bangladesh Finance extending varying loan durations to agricultural entrepreneurs duly registered on WeGro Technologies’ platform. By intertwining technological innovation with the symbiotic relationship between financial institutions and agricultural visionaries, both entities aim to actively contribute to the attainment of the government’s Sustainable Development Goals (SDGs).
At the helm of this significant agreement, Md. Kyser Hamid, the Managing Director and CEO of Bangladesh Finance, affixed his signature with a sense of purpose. He expounded that the laudable recognition of Bangladesh Finance as the premier sustainable financial institution by Bangladesh Bank underscores their commitment to ushering entrepreneurs from remote corners into the folds of financial inclusivity. The continuity of such collaborative agreements will seamlessly perpetuate the holistic financial inclusion mission of Bangladesh Finance.
Conversely, Md. Mahmudur Rahman, the Founder and CEO of WeGro Technologies, officially endorsed the agreement on the company’s behalf. In a reflection on the challenges faced by agricultural entrepreneurs in remote sectors of the nation – ranging from funding shortages to obtaining fair compensation for their yields. He emphasized the transformative potential of these loans in alleviating these predicaments.
The ceremony was graced by the presence of eminent personalities, including M. Kohinoor Hossain, the Head of Sustainable Finance at Bangladesh Finance, along with Md. Sajjadur Rahman Bhuiyan, the Group CFO, and Md. Rafiqul Amin, the Head of Operations. The Chief Risk Officer, Suman Kumar Kundu, and other were present on this event.
