Bangladeshi woman builds shoe business from IFAD loan
07/09/2018
Ms Begum’s initial capital came from the International Fund for Agricultural Development (IFAD), which runs a project called PACE (Promoting Agricultural Commercialization and Enterprises). She received skills development and business training from a local non-government organisation, People’s Oriented Program Implementation, and set about building up her shoe business from there.
Bhairab has around 7,000 shoe manufacturing businesses, most of them tiny. Loans from IFAD have helped many of these businesses improve efficiency and product quality. The Rome-based agency says there has been a knock-on positive effect on local suppliers of the materials these companies need to make shoes, including leather, bringing greater prosperity to wide sectors of the local economy.
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