BRAC Bank partners Mhadi Support Services to extend digital lending programme ‘Shafollo’

BRAC Bank has entered into a partnership with Mhadi Support Services Limited to extend digital lending facilities to the organisation’s support staffers through the bank’s digital lending platform, Shubidha App, according to a press release.

Through this initiative, BRAC Bank will enable service employees, including drivers and operational staff, to access instant digital loans — a segment traditionally excluded from formal banking credit systems. The collaboration aims to empower the workforce financially by making formal credit simple, swift, and secure, eliminating the barriers of paperwork, delays, and dependency.

The agreement was signed in Dhaka, in the presence of Syed Abdul Momen, Additional Managing Director and Head of SME Banking, BRAC Bank, and Md. Arikul Islam, Managing Director and CEO of Mhadi Support Services Limited, along with senior officials from both organisations.

Speaking at the signing, Syed Abdul Momen said, “This partnership reflects BRAC Bank’s commitment to inclusive banking. Our digital lending programme ‘Shafollo’ is built to serve those who keep our economy moving yet often remain beyond the reach of formal financial services. We want to ensure that access to credit is not a privilege but a right – made possible through digital innovation.”

Md. Arikul Islam added, “Mhadi Support Services is deeply invested in the well-being of its employees. This collaboration with BRAC Bank allows our team members to access credit easily and securely. It’s a step toward enhancing their financial stability and overall quality of life.”

This partnership underscores BRAC Bank’s mission to drive inclusive access to finance through technology-driven solutions — bringing formal banking within reach of every hardworking individual who drives progress from the ground up.