January 13, 2022

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Building Financial Health among Garment Factory Workers in Bangladesh

Ready Made Garments (RMG) sector contributes around 80% of Bangladesh’s total export earnings making “Made in Bangladesh” a global tag. However, RMG workers who contribute towards the economic milestone (Bangladesh being one of the top three RMG exporters in the world) face a huge challenge in their lives.

In Bangladesh, approximately 80% of garment workers are women, the majority of whom receive their salaries in cash, have low levels of financial literacy, and lack access to formal banking services. The combination can make it difficult for workers to protect their income and save for the future. 

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