The SLP, published by Loan Market Association (LMA) and Asia Pacific Loan Market Association (APLMA) aims to facilitate and support economic activities targeting to mitigate social issues and challenges of the society. It has been developed by a team of experienced professionals from leading financial institutions and law firms active in the global loan markets. TMSS who operates mostly in rural areas of Bangladesh in the form of microcredit, will use this loan in areas of poverty alleviation, employment generation, and facilitation of small entrepreneurs operating in agriculture and SME sectors.
Shaikh Md. Salim, Executive Director of Bangladesh Bank Bogura Office, said “Bangladesh Bank highly emphasises agriculture, CMSME, women entrepreneur, and green financing which are vital for having a sustainable economy & achieving SDGs. HSBC’s Social Loan aligns with these priorities”.
Prof. Dr. Hosne Ara Begum, Founder and Executive Director of TMSS said, “We are delighted to partner with HSBC to contribute to the social development of Bangladesh, and optimistic that this partnership will have a remarkable milestone for the country’s development”.