KARACHI, PAKISTAN: Meta is collaborating with the National Institute of Banking and Finance (NIBAF), a subsidiary of the State Bank of Pakistan (SBP) to coach and up-skill Pakistani women entrepreneurs so as to foster sustainability and resilience of women-led companies inside the country.
The program is being implemented under the ‘Business Resilience through Financial Education (BRFE)’ component of Meta’s flagship women empowerment program ‘SheMeansBusiness’.
SheMeansBusiness was launched in Pakistan in May 2020 in partnership with the SBP and USAID to bolster monetary inclusion and resiliency of women-led businesses, particularly throughout the Covid-19 induced financial slowdown.
Under the arrangement, Meta, in collaboration with National Institute of Banking & Finance (NIBAF), will be internet hosting a series of on-line coaching sessions to up-skill 3,000 women entrepreneurs who’re a half of NIBAF’s National Financial Literacy Program for Youth (NFLP-Y).
The primary aim of this system is to strengthen women’s enterprise monetary understanding and assist them develop their companies for enhancing their socioeconomic standing and role inside the society. NFLP-Y program focuses on managing private funds and has a large attain inside Pakistan.
“Financial empowerment is one of many key drivers of women empowerment. NIBAF is excited to collaborate with META to strengthen the monetary literacy and digital skills of Pakistani women. We hope that this partnership will assist our women craft their very personal entrepreneurship journeys”, says Riaz Nazarali Chunara, Managing Director NIBAF.
“We are excited to collaborate with NIBAF to foster monetary education and coaching for Pakistan women entrepreneurs”, Beth Ann Lim, Director, APAC Policy Programs and Government Outreach – Meta said.
“Financial education is essential for sustainability and resilience of small and medium enterprises, particularly when mixed with digital skills. Over the final 2 years we’ve discovered that entrepreneurs which have adopted digital instruments have been extra resilient, monetary education would additional allow them to adapt and develop their businesses. I hope this association goes on to make a significant distinction for women led companies inside the country.”
The Meta-NIBAF partnership goals to construct on the 2 organizations’ shared expertise in upskilling and enabling up and coming entrepreneurs for improved enterprise prospects.
While Meta has been leveraging its social media platforms and digital expertise for human development and financial restoration post Covid-19, NIBAF additionally boasts extensive capabilities and expertise in designing, and delivering a vary of coaching programs, workshops, and seminars in topics related to economics, banking, finance, and administration for capability constructing of commercial bankers, micro and rural finance providers, administration professionals and entrepreneurs inside the country.
Its National Financial Literacy Program for Youth (NFLP-Y) educates the Pakistani youth and school-going children on cash management skills.