One TMSS success story is that of Mrs. Asma Begum, of Khamar Kandhi, Bogura, a farmer who grows vegetables and sells them in Bogura city.
Mrs. Begum started by taking a loan for BDT 95,000 from TMSS in December 2017, using the fund to start farming six acres of land. She cultivates vegetables – including cauliflower, potato, papaya – and wheat. She now harvests 60 acres of land with working capital support of BDT 300,000/$3,500 from TMSS. So far, she has taken eight loans from TMSS to increase her cultivation. As well as the loans, TMSS has also helped her with technical support, business planning, and financial literacy.
Promoting entrepreneurship in this way is an important step towards sustainability in a country where making sustainable change can have a huge impact. Bangladesh is highly exposed to the risks posed by climate change and, as a result, sustainability is a high priority for HSBC and its clients in the country.
“We are delivering loan activities for various types of people in the country for livelihood development and entrepreneurial development,” says Dr. Begum.
Dr. Begum says the collaboration with HSBC is very important to TMSS, and that they partnered with HSBC because they feel the ethical standard of HSBC is very high. HSBC are working towards changing society in a very positive manner, she says.
“We are thankful to HSBC for introducing this kind of activity with a social development moto. We’re optimistic that the partnership will be a remarkable footprint for the country’s development.”