BRAC Bank has signed a Memorandum of Understanding (MoU) with BRAC Kumon to provide essential financing support for BRAC Kumon franchisees, according to a press release.
Syed Abdul Momen, Deputy Managing Director (DMD) and Head of SME Banking of BRAC Bank, and Nehal Hasan, Chief Business Officer of BRAC Kumon Ltd., signed the MoU on behalf of their respective organizations at BRAC Bank’s headquarters.
Under this strategic collaboration, BRAC Bank will finance BRAC Kumon franchisees who have reached the peak of their business capacity and need to expand to enhance their capacity and serve a more significant number of children and students.
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Syed Abdul Momen, DMD and Head of SME Banking of BRAC Bank, said, “We are privileged to contribute to the mission of imparting knowledge and enhancing education in a unique way through BRAC Kumon. This aligns closely with BRAC Bank’s values and commitment to community development.”
Nehal Hasan, CBO of BRAC Kumon Ltd said, “We are thrilled to partner with BRAC Bank to empower women entrepreneurs for the BRAC-Kumon network. This collaboration will provide them with the financial support needed to enhance their capacity and drive business growth, contributing to the sustainable academic development of the country.”
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