Dhaka: BASIS has formed a strategic partnership with Mutual Trust Bank (MTB) to provide exclusive collateral-free loan facilities for its members. This initiative aims to empower BASIS members by simplifying access to essential financial resources, thereby accelerating their entrepreneurial ventures and fostering growth within the Information and Communication Technology (ICT) sector.
According to Bangladesh Sangbad Sangstha, a memorandum of understanding (MoU) was recently signed, facilitating this collaboration. The agreement highlights the availability of simplified financing solutions that eliminate the requirement for collateral. This move is expected to promote innovation, encourage long-term business growth, and enhance economic contributions from BASIS members in the ICT sector.
M Rashidul Hasan, President of BASIS, expressed that the partnership with MTB opens up new financial opportunities for members, fueling their innovation and expansion. Syed Mahbubur Rahman, Managing Director and CEO of MTB,
also commented on the partnership, saying, “We’re thrilled to partner with BASIS, creating valuable opportunities for IT entrepreneurs to access crucial funding without the constraints of collateral.”