Dhaka, Bangladesh: MetLife Foundation and MicroSave recently facilitated a partnership between Bank Asia Limited and Shakti Foundation under the ‘Digital Financial Inclusion’ project. The project aims to digitise various micro-credit transactions, such as loan disbursement, repayment, and savings deposit of Shakti beneficiaries through the agent banking network of Bank Asia. Under this partnership, the nationwide branch network of Shakti Foundation will also act as the agent network for Bank Asia.
Ms. Humaira Islam, Founder & Executive Director, Shakti Foundation and Mr. Arfan Ali, President & Managing Director, Bank Asia led the signing ceremony at the head office of Shakti Foundation in Dhaka. Also present at the event were Mr. Ravi Kant and Mr. Jakirul Islam from MicroSave, alongside senior officials from Bank Asia and Shakti Foundation, namely, Ms. Humaira Azam, Deputy Managing Director, Bank Asia; Mr. Mahfuzur Rashid, Deputy Executive Director, Shakti Foundation; and Mr. Imran Ahmed, Consultant, Shakti Foundation.
Bank Asia Limited is a leading agent banking provider in Bangladesh while Shakti Foundation is an eminent microfinance institution that works for disadvantaged women in the country.