Bank Islam Brunei Darussalam (BIBD) is participating in the Brunei MSME Festival as one of the main sponsors in its commitment to support the country’s efforts to grow micro, small and medium enterprises (MSMEs).
“Supporting small businesses is crucial for economic growth and development and as the nation’s Partner in Progress, BIBD is aware of the importance of our role in helping these businesses succeed,” said BIBD Head of Corporate Banking Group Koh Swam Sing.
“Through events like these, MSMEs can find out more about how we can provide a range of financial products and services that are tailored to their specific needs.
“By supporting SMEs, banks not only contribute to the growth and success of individual businesses but also to the wider economy, consistent with the bank’s commitment to support the United Nations (UN) Sustainability Development Goal of encouraging entrepreneurship and job creation,” he added.
BIBD’s SME360 team, which focusses on providing solutions to small and medium enterprises, is participating in the festival.
Entrepreneurs from the Tunas Project which includes vendors from BIBD’s SEED (Special Underprivileged Mothers Empowerment Entrepreneurship Development) programme; Usahawan Bakarih Yayasan (Yayasan entrepreneurship assistance programme); Muallafprenuers Consortium from Islamic Da’wah Centre (PDI); and One Village One Product (1K1P) programme are also participating.
The Tunas Project is a collaboration between BIBD and the Ministry of Home Affairs to provide a marketplace for underprivileged segments and opportunity for micro and small enterprises to learn and train in key skills required to establish themselves into successful entrepreneurs.