BRAC Bank & Sheba Merchants Join Forces: Fast-Track Micro-Loans for SMEs!

BRAC Bank has forged a strategic partnership with Sheba Merchants Limited to facilitate seamless access to finance for SMEs registered on the Sheba Platform.

Under this agreement, BRAC Bank will offer digital micro-loan facilities to eligible merchants, enabling them to access capital swiftly and efficiently, boosting their business growth.

The ‘Sheba Manager’ is an integrated business management platform that supports SMEs in operating with discipline and efficiency within the digital economy. It consolidates sales tracking, inventory management, expense oversight, digital bookkeeping, and frictionless payment solutions into a single platform. Currently, Sheba Manager serves over 100,000 customers, with monthly facilitation exceeding BDT 50 lakh.

The agreement was signed by Syed Abdul Momen, Additional Managing Director & Head of SME Banking at BRAC Bank, and Adnan Imtiaz Halim, Co-Founder & CEO of Sheba Platform Ltd., at the bank’s Dhaka headquarters. Key attendees included BRAC Bank executives Mohammad Jakirul Islam, Azizul Hoq, Khadija Mariam, S M Ishtiaque, and from Sheba Merchants Limited, Ahmed Rakib Uddin.

Through this partnership, both institutions aim to create an enabling ecosystem across Bangladesh by combining technological innovation with inclusive financial services. BRAC Bank’s MSME customers will also gain reciprocal access to Sheba Merchants Limited’s solutions suite, ensuring a holistic approach to SME empowerment.