MoU SIGNED FOR SARATHI

Dutch Bangla Bank Limited (DBBL) and Swisscontact recently signed a Memorandum of Understanding (MOU) for a MetLife Foundation and Swisscontact funded financial inclusion project titled “Sarathi – Progress through Financial Inclusion”. Under this MOU, DBBL will introduce digitized payroll system for 20,000 Ready Made Garments (RMG) workers, and Swisscontact will conduct financial literacy training for the RMG workers in Dhaka, Narayanganj, Gazipur, Tangail and Chittagong.

Md. Monzur Mofiz, Deputy Managing Director & Chief Business Officer, DBBL and Kazi Mahfuz Mamtazur Rahman, Team Leader, Swisscontact signed the MOU on behalf of their respective organizations.

Mr. Mosharrof Hossain, Head of Financial Inclusion Division; Ahmed Aslam Al Ferdous, Head of Agent Banking, Darpan Roy, Deputy Head of Agent Banking; Ajajul Huq, Head of disbursement and bills pay of DBBL; Kazi Mahfuz Mamtazur Rahman, Team Leader, Sarathi; Salma Akhter, Project Coordinator- Partnerships and Advocacy; Tamzid Ahmed, MRM coordinator; Nooha Sabanta Maula, Associate – Portfolio Development & Communications; Shariful Islam Chowdhury of the Project Consultant of Sarathi; Saifur Rahman, Head of Communications and Faria Mahbub, Assistant Manager, Communications of MetLife Bangladesh were also present at the ceremony.

“Sarathi– Progress through Financial Inclusion” is a 30-month project (Jan 2018-Jun 2020), jointly funded by MetLife Foundation and Swisscontact. It is working with commercial banks and RMG factories in Bangladesh to bring RMG workers, especially women, within the sphere of formal banking services and to enable them to conduct financial transactions.

About MetLife

At MetLife Foundation, we believe financial health belongs to everyone. We bring together bold solutions, deep financial expertise and meaningful grants to build financial health for people and communities that are underserved and aspire for more. We partner with organizations around the world to create financial health solutions and build stronger communities, engaging MetLife employees to help drive impact. MetLife Foundation was created in 1976 to continue MetLife’s long tradition of corporate contributions and community involvement. Since its founding through the end of 2018, MetLife Foundation provided $822 million in grants and $85 million in program-related investments to make a positive impact in the communities where MetLife operates. To date, our financial health work has reached more than 6 million low-income individuals in 42 countries. To learn more about MetLife Foundation, visit metlife.org