Brac Bank has launched an exclusive financial package named 'Probaho' for the members of the Bangladesh Association of Call Center and Outsourcing (Bacco).
Probaho will allow the eligible Bacco members to access loans of up to one crore taka and Bacco women entrepreneurs to get loans at a rate of 7%.
Posts and Telecommunications Minister Mustafa Jabbar inaugurated Probaho at a virtual programme held on Saturday, read a press release.
Probaho will provide Bacco members better access to finance and support business expansion and fixed-asset purchases for business process outsourcing (BPO) firms and other outsourcing organisations.
At the programme, the minister said, "The BPO sector is playing an important role in implementing the dream of a Digital Bangladesh. I am sure that the PROBAHO package will play a vital part in bringing about a complete change in the BPO sector of the country by ensuring financial viability and inclusion."
Brac Bank Managing Director and CEO Selim RF Hussain said, "We understand the global potential of our BPO industry. We are glad to collaborate with Bacco to help its members with access to finance and allow them to grow their businesses to its true potential."
"Brac Bank will continue its support for the ICT sector as the outcome from this sector will help us in digitising and improving banking services," he said.
Bacco Secretary-General Towhid Hossain said, "Probaho will support the country's BPO traders in overcoming the ongoing financial crisis and support in creating new business opportunities."
He also called upon banks to provide more collateral-free loans by following the structured assessment system for the entrepreneurs of small and medium-sized enterprises.
Brac Bank Head of SME Syed Abdul Momen made a presentation at the inauguration on the features and benefits of Probaho.
He said, "Probaho will help the BPO companies explore the local and international markets and create new clients to expand their business."
The event was telecast live on the BRAC Bank and BACCO Facebook pages.
Bacco President Wahid Sharif said Bacco has long been working to solve difficulties, including the infrastructure development of its member organisations.
"Our collaboration with BRAC Bank will facilitate better access to finance for our member institutions as well as enable them to experience quality banking services," he hoped.