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Metlife awards five local entrepreneurs for accelerating financial inclusion

May 15

Metlife awards five local entrepreneurs for accelerating financial inclusion

Metlife Foundation on Monday awarded five Bangladeshi entrepreneurs, nonprofit and other social impact organizations with total grant of US$100,000 as winners of Inclusion Plus, a global competition from the foundation that aims to increase access to quality, sustainable financial services in the category of financial technology, financial products and services. The foundation at a program held on Monday in Dhaka handed over the grant money to the five finalist innovative projects to support the scaling up of their projects in accelerating financial inclusion in the country. Apon Wellbeing, a project designed to provide affordable health care, insurance, credit and other benefits to ready-made garment (RMG) workers through collaborations between service providers, manufacturers, and communities received a grant of US$50,000 as the champion of the Inclusion Plus Bangladesh.

From the other projects, ShopUp received the grant of US$25,000 as first runner up, while Weather Index-Based Agriculture Insurance by Green Delta Insurance received US$12,000 as third winner. Sajida Foundation and Shakti Foundation jointly became the winner of fourth position and received a grant of US$5,000 each. In addition to the regular grants, Apon Wellbeing also received a grant of US$1,000 additional grant based on Audience Choice Award. Md Nurul Islam, chairman of Bangladesh, Nepal, and Myanmar, MetLife said: “Inclusion Plus is a unique financial inclusion program. It is an innovative competition aiming to accelerate financial inclusion around the world by identifying, recognizing, and supporting promising social entrepreneurs who can potentially make an impact on financial inclusion.” Dr Lee Ng, vice-president and chief operating officer of LumenLab, Metlife’s innovation Centre said: “Bangladesh has made significant progress, but still many people are left behind. The winners of this competition will help people get more access in financial operations.” She also assured that Metlife Foundation will continue its efforts to make a more financially inclusive Bangladesh. As the chief guest, K M Abdus Salam, director general at NGO Affairs Bureau of Bangladesh said financial inclusion is important as we are advancing towards a digital Bangladesh. Currently, Inclusion Plus is in operation in 12 countries- Ireland, China, India, Spain, Portugal, Australia, Korea and United States of America, Mexico, Egypt, Lebanon and Bangladesh.

dhakatribune