Maybank Singapore aims to support local SMEs through a comprehensive advisory program that accelerates their sustainability efforts and provides additional resources for women entrepreneurs.
Maybank Singapore (Maybank) rolls out the myimpact SME program – a Maybank Group-wide initiative to empower SME customers in Singapore, Malaysia, Indonesia, Philippines and Cambodia, with values-based solutions to support small and medium-sized enterprises (SMEs).
It offers tailored financial and business advisory solutions to future-proof businesses and to bring about a positive economic impact, according to a media release on Friday.
Key Contributor to Singapore's Economy
It is a collaborative ecosystem of different partners working together, to help SMEs accelerate their sustainability journey – a timely initiative as the country gears up towards Singapore’s Green Plan 2030 roadmap for an environmentally sustainable future, Maybank explained further.
«As the key contributor to Singapore's economy, SMEs play a critical role in environmental sustainability. By empowering them through sustainability capability building and partnering with them on their decarbonization journey, SMEs can build resilient operations and stay competitive in an increasingly eco-conscious market,» Alvin Lee, Maybank Singapore Country CEO, said.
Additional Support For Women Entrepreneurs
As part of the Maybank myimpact SME initiative, Maybank will also offer additional support for women entrepreneurs through the HERpower program to help them unlock new business opportunities, access tailored financing solutions, and receive exclusive access to networking events and workshops.
They will also enjoy various fee waivers – processing fee waiver of up to $2,000 for loan applications, pay waiver for the Terminal setup fee for Electronic Data Capture (EDC) Terminal, and payroll charges waiver of up to $100 monthly.
Learning And Networking Opportunities
«We are excited to empower and support female entrepreneurs to make strides in their businesses and help address gender diversity and inclusivity through the Maybank HERpower program. We will provide them with learning and networking opportunities, digital tools to drive growth, and guidance on integrating sustainable practices into their operations, ensuring their businesses are future-ready,» CEO Lee added.
Among the women entrepreneurs that Maybank has supported is Chen Xiaoxuan, the main shareholder of Supreme Cars Financial Services, who chose Maybank as her banking partner to establish and grow her business.
