HSBC Group has launched the Female Entrepreneur Fund which will make available up to US$1bn in lending to eligible female-owned businesses over the next 12 months in 15 markets including Mauritius. HSBC Mauritius will participate up to an amount of MUR 30 million in the Female Entrepreneur Fund and the HSBC Roar programme to support Mauritian female entrepreneurs.
This comes alongside the introduction of the HSBC Roar initiative, which enables female entrepreneurs to access a series of events which includes Masterclasses hosted by experienced business leaders, tailored networking sessions with major companies in markets where the Fund operates, insights from the investor community and the opportunity to pitch to angel investors and Bespoke advisory for female entrepreneurs from experienced HSBC banker
These initiatives aim to break down the barriers faced by female entrepreneurs and provide the infrastructure and support to help them scale and grow their businesses.
Dean Lam, Managing Director and Head of Wholesale Banking at HSBC, said: “We are delighted to announce that HSBC Mauritius will participate up to an amount of MUR30m* in the Female Entrepreneur Fund and the HSBC Roar programme, to help address the challenges and bias that female leaders may face. As the Balance Ambassador for HSBC Mauritius, aiming to reduce gender inequality, I welcome this initiative. As the global economy continues to rebuild from the impact of the pandemic, small and medium-sized businesses will continue to be the bedrock on which our economies and local communities are built, meaning we need to ensure that those led by women are given the support to fulfill their full potential.”
The HSBC Female Entrepreneur Fund will be open to both new and existing HSBC customers. Any female founder who is in an eligible market and meets the criteria of how HSBC defines women-led or founded businesses, may apply.