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Microcredit Regulatory Authority Hosts SIB Discussion
Microcredit Regulatory Authority Hosts SIB Discussion
Dhaka, Bangladesh – May 30, 2024 – The Microcredit Regulatory Authority (MRA) convened a meeting of CEOs from licensed microcredit institutions to discuss the implementation of a new Staff Information Bureau (SIB). The gathering aimed to explore the potential of SIB in creating a robust and transparent microcredit sector.
Chaired by the MRA's Executive Vice Chairman, Mr. Md. Fasiullah, the meeting highlighted the significance of SIB in establishing a comprehensive database of nearly 200,000 staff members working in the microcredit industry. This database is expected to play a pivotal role in enhancing the efficiency and effectiveness of the sector.
During the meeting, a detailed presentation and live demonstration of the SIB software were provided by the MRA's Systems Analyst. Attendees engaged in a fruitful discussion, sharing their insights and suggestions on the implementation of SIB.The MRA remains committed to fostering a strong and sustainable microcredit sector in Bangladesh. The SIB initiative is a testament to the Authority's efforts to leverage technology and data for the benefit of the industry and its stakeholders.
Dhaka, Bangladesh – May 30, 2024 – The Microcredit Regulatory Authority (MRA) convened a meeting of CEOs from licensed microcredit institutions to discuss the implementation of a new Staff Information Bureau (SIB). The gathering aimed to explore the potential of SIB in creating a robust and transparent microcredit sector.
Chaired by the MRA's Executive Vice Chairman, Mr. Md. Fasiullah, the meeting highlighted the significance of SIB in establishing a comprehensive database of nearly 200,000 staff members working in the microcredit industry. This database is expected to play a pivotal role in enhancing the efficiency and effectiveness of the sector.
During the meeting, a detailed presentation and live demonstration of the SIB software were provided by the MRA's Systems Analyst. Attendees engaged in a fruitful discussion, sharing their insights and suggestions on the implementation of SIB.
The MRA remains committed to fostering a strong and sustainable microcredit sector in Bangladesh. The SIB initiative is a testament to the Authority's efforts to leverage technology and data for the benefit of the industry and its stakeholders.
