It has been observed that near about 70% of SMEs (mostly small and micro enterprises) remain out of formal banking channel due to lack of proper guidance, mentoring and coaching to making business plans, keeping records and accounts. Those are essential elements to operate business and qualify for seeking banking service.
During piloting a component regarding “Access to Financial Service”, under European Union & Government of Bangladesh (Ministry of Industries) funded INSPIRED Bangladesh Program, Aurora had gathered the following experience:
Many small business-linked products and services are available in different financial institutions but in many cases small business are not aware of those products and services;