Women entrepreneurs strive to grow amidst acute dearth of capital, steep competition and absence of support. There are a considerable number of women entrepreneurs that do not have adequate access to Bank finance and therefore are finding it difficult to expand and operate their business at desired level.
Modhumoti Bank Limited (MMBL) recognizes the need for introducing a specialized loan product solely geared to catering the need of women entrepreneurs. Therefore, it has introduced “MODHUMOTI LABONNYO” for SME women enterprise to meet up their business expenses up to Tk 50.00 lac as a tribute to women entrepreneurs and to help strengthen women entrepreneurs business in a supportive manner.
- Any justifiable business purpose for Small Enterprise operated by the women entrepreneurs
- Investment amount- Tk 1 lac to Tk 50 lac
- Suitable/Customized Repayment Method
- Attractive interest rate
- Loan takeover facility from other Banks
- Easy & quick Loan Processing.
- Refinancing facility of Bangladesh Bank.
- Any business with at least 51% ownership by women entrepreneur, having valid trade license, which has been operating at least 2 or more years.
- Age: Minimum 21 years to Maximum 60 years.
Nature of the loan
- Term loan, Continuous loan, L/C, LTR, BG etc. as per customer requirement.
Others Service Charges
- As per Schedule of Charges of the bank.
- Valid Trade License – having consistent in business for at least 2 years.
- Copy of Memorandum of Association and Articles of Association of the company including Certificate of Incorporation. (In case of Limited Company)
- Partnership deed notarized/registered by SRO (in case of Partnership Company).
- Copy of National ID card/copy of passport/driving license/chairman’s certificate (attested by Bank official).
- Photograph of borrower & guarantor.
- Last 12 months bank statement of transactional account.
- Others as requirement by Bank.
Registry Mortgage of land property, Hypothecation on present & future assets, personal guarantee & post-dated cheques etc. as applicable.
The courageous entrepreneur will be able to capitalize the reward point by maintaining the proper repayment schedule. Each instalment repayment will offer 10 value rewards and after capitalizing the 200 reward the customer could get gift voucher/cash discount/priority service to the strategic alliance organization.
To know more please contact any of our Branches
SME Banking Division
Modhumoti Bank Limited
Khandker Tower, (Level-7 & 8), 94, Gulshan Avenue, Gulshan-1, Dhaka-1212
Phone: +88 01787 662944 (10.00 am – 06.00 pm on working days)