Stanchart boosts women�s business fund
Friday, June 19, 2015
Through this partnership the bank has also committed to offer financial literacy workshops to WFHB clients and provide institutional support through their professional expertise and mentoring services to the organisation.
WFHB, which has been in existence for almost 26 years, economically empowers women through the provision of micro loans, basic training and other business support services.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...