Teropitka Business and Finance

Posts Tagged ‘CEO’

Ms. Hasina Jahan is the CEO of a small company in Bangladesh to produce coir mattresses. It started small, but his company has grown rapidly and keep pace with the growing demand for their product is a challenge. At a meeting to exchange experience in South Asia Knowledge Fund for Enterprise Development Centre of Dhaka Chamber of Commerce and Industry held, Hasina said that some of the challenges your company faces the largest of them was a bank loan disbursement.

Hasina had been heard in a local bank loans to SMEs without collateral. She went to the bank and spoke with a loan officer who refused to certain financial documents and a business plan it. Fortunately she had already prepared the financial statements and after receiving suggestions from colleagues and friends, quickly prepared an informal business plan. But after examining the documentation for Hasina, said the loan officer failed to give credit due to the uncertainty they are able to pay. Hasina has left the bank discouraged and uncertain about what the next step.

It was at the meeting Hasina Knowledge Center for the first time on the SME Toolkit and tools for managers of small and medium businesses to prepare a business plan assistance standard. Hasina to go back to Knowledge Center, where one partner led them through the process of creation with the SME Toolkit, a formal business plan.

Shortly after the new business plan allows Hasina needed a loan of U.S. $ 2000. The loan provided a boost to your business, and Hasina is now ready to apply for larger loans when you need it.