HSBC'S SUPPORT FOR FINANCIAL LITERACY

 

 

For smallholder farmers and business owners, financial literacy is more than just understanding numbers - it is\ the key to building resilience, sustaining livelihoods, and unlocking opportunities. The ability to manage income, savings, credit, and digital transactions helps them plan for the future, invest in their businesses, and respond to challenges such as market shifts or climate risks.

 

Currently, aside other projects, HSBC Bangladesh is providing philanthropic support to two projects - Pathways to Prosperity (P2P) and Climate Resilient Agricultural Advancement in Barind (CRAAB) - in partnership with Solidaridad Network Asia and Sustainable Agriculture Foundation (SAF), respectively. Financial literacy is a core component of both initiatives.

 

These projects support financial literacy initiatives designed to make banking more accessible for farmers and small agri-businesses. By focusing on underserved communities, women, and entrepreneurs, the goal is to ensure that no one is left behind in the transition to a financially inclusive society. The financial literacy programs not only teach the "how-to" of finance but also build understanding in the system, address concerns, and encourage open dialogue and feedback.

 

 

 

 

The Pathways to Prosperity (P2P) project in Noakhali and Lakshmipur districts, is working to improve the livelihoods of soybean smallholder farmers and local entrepreneurs. By enhancing financial literacy and business acumen - skills essential for long-term success, the program has already reached more than 7,800 producers across the region. Training sessions enable them to plan better, grow their businesses, and build more sustainable futures. The workshops cover critical areas such as digital financial literacy, financial numeracy, financial inclusion, and investment readiness, equipping communities with the tools to make informed decisions, expand enterprises, and contribute to a resilient and sustainable agricultural economy.

 

 

 

 

Furthermore, under the Project CRAAB in Rajshahi, the focus of financial literacy sessions is on building long-term and inclusive financial services for the agriculture sector. The workshops aim to strengthen the financial knowledge of farmers and entrepreneurs, foster dialogue with banks, MFls, and fintech companies about agricultural finance, promote responsible borrowing and credit management, and establish long-term credit linkages to support climate-resilient farming.

 

Through these initiatives, the bank is supporting people take better decisions for their finances, save and invest smarter, and connect to opportunities.