Page 45 - IBT October 2020
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through Facebook queries and       Webinars and Digital               retailers in getting back on their feet                                                                                      digitization of supply chain financing
                                                                                                                                          understand their needs better,                                        and regaining businesses in a                                                                                                allowed suppliers to receive necessary
                                                                                                                                          including how much interest they   Programs                           post-COVID-19 world. This program is                                                                                         support even after everything was
                                                                                                                                          wanted, what their businesses      IPDC also launched a webinar series,   an extension to IPDC's own                                                                                               under lockdown and social distancing
 Innovation                                                                                                                               there to listen and make their     monumental life expeditions of     vast network of retailers across the                                                                                         suppliers.
                                                                                                                                                                                                                groundbreaking transaction-based
                                                                                                                                                                                                                                                                                                                                             was implemented, giving hope and
                                                                                                                                          needed, and how they could better
                                                                                                                                                                             titled 'OGROJ,' to illustrate the
                                                                                                                                                                                                                digital credit program aiming at the
                                                                                                                                                                                                                                                                                                                                             continuation of business to distressed
                                                                                                                                          obtain financial assistance; IPDC was
                                                                                                                                                                             crucial personalities in Bangladesh's
                                                                                                                                                                                                                country under the name 'IPDC-DANA'.
                                                                                                                                          aspirations come true.
                                                                                                                                                                             economic history. The guests form a
                                                                                                                                                                                                                                                                                                                                             Bangabandhu
                                                                                                                                                                                                                IPDC would provide collateral-free
                                                                                                                                          IPDC also conducted a recent digital
                                                                                                                                                                             strong bond with the viewers while
                                                                                                                                          campaign for supply chain
                                                                                                                                                                                                                loans to the retailers based on the
                                                                                                                                                                             they unfold the intricate events to
                                                                                                                                          professionals in need of supply chain
                                                                                                                                          financing. They targeted respective
                                                                                                                                                                                                                                                                                                                                             for the 'Lokkho Mujib'
                                                                                                                                                                             arranged "Jaago Ucchashe Eid in
                                                                                                                                                                                                                Supporting the CMSMEs
                                                                                                                                          industries and ran a lead campaign to   reach where they are today. IPDC also   data insights received from Robi.                                                                                  Grandmaster – A quest
                                                                                                                                                                             Anode", an exclusive Eid program
                                                                                                                                          attract more clients. This campaign   streamed live from the IPDC Facebook                                                                                                                         Bangabandhu Grandmaster App is an
                                                                                                                                          received five times more engagement,   page, to help raise funds for the   To support cottage, micro, small and                                                                                    ardent attempt to exhibit the
                                                                                                                                          impressions, and reach than regular   deprived. These digitized programs   medium enterprises (CMSMEs)                                                                                             fascinating life and legacy of
                                                                                                                                          campaigns. The reason for this is   allowed them to reach and engage   sustain their businesses during the                                                                                         Bangabandhu Sheikh Mujibur
                                                                                                                                          simple – suppliers needed help, and   with a broader audience and increase   Covid-19 pandemic, IPDC provided                                                                                      Rahman, in the form of an engaging
                                                                                                                                          IPDC offered its hand to help.     their faith in the brand and what it   Stimulus Loans to CMSMEs in                                                                                              quiz. "Bangabandhu Grandmaster is a
 A volatile economy offers just as                                                                                                                                           stands for.                        collaboration with prominent                                                                                                 quiz gaming app which attempts to
 many opportunities as it takes away.                                                                                                                                                                           organizations. IPDC has always given                                                                                         instil his moral conscience and
 To take advantage of the shifting                                                                                                                                                                              back to the community, even more so                                                                                          knowledge into the younger
 sands, IPDC Finance, the first private                                                                                                                                      Initiative to help SMEs            now during this socio-economic                                                                                               generation. By progressing through
 sector non-banking financial                                                                                                                                                Robi, IPDC Finance, and sManager (a   catastrophe. They worked relentlessly                                                                                     each level, players peek into the
 institution, thrived because of its                                                                                                                                         Sheba Platform Limited venture)    to provide Stimulus Loans to                                                                                                 chapters of his unshakable pursuit
 strategy to rethink, adjust, and above                                                                                                                                      partnered up with Mission Save     CMSMEs all over Bangladesh, placing                                                                                          that created the history of
 all, act FAST, instead of waiting it                                                                                                                                        Bangladesh to support 25,000 small   its focus, especially on                                                                                                   Bangladesh."- Mominul Islam,
 out. From finding the right channels                                                                                                                                        and micro enterprises (SMEs) for   non-metropolitan areas. It was                                                                                               Managing Director, and CEO. By
 for marketing to creating products   clients and communities. Digital                                                                                                       business growth by extending       possible because of the robust digital                                                                                       opting for a digital mode of
 that have more social implications,   marketing helped them expand                                                                                                          working capital support for up to Tk   marketing campaign that allowed                                                                                          communicating with the youth, IPDC
 IPDC launched some of the nation's   their target consumers that have                                                                                                       40 crore. The loan services were made   them to reach CMSMEs in the furthest                                                                                    was able to connect and educate them
 most innovative initiatives to ignite   not been reached during offline                                                                                                     available for mainly Robi and Airtel   corners of the country. IPDC made it                                                                                     through the development of a
 profitability and take care of its             Manobota                           The magic of Social                                                                       retailers through establishing an   easier for CMSMEs to find them                                                                                              software application.
 operations previously. With                                                                                                                                                                                    because of the way this campaign
 specific strategies and targets,               A ripple created in the vast sea   Media                                                                                     agreed framework to provide working   was digitally designed to generate
 IPDC reached new potential                     of the social class discrepancy                                                                                              capital support in the form of top-up   leads through social media and                                                                                          The future of IPDC
 clients from various circles and                                                  The role of social media is                                                               loans to the retailers. The digitized   digital advertisements.
 regions according to their chosen              IPDC stayed true to its promise of   straightforward, to attract, and                                                        ecosystem is designed to assist the                                                                                                                             Reimagining digital marketing has
 target.                                        looking after the society and bringing   interact. You cannot think of being                                                                                                                                            Financial                         ORJON                              allowed IPDC to roll out several
 Keeping in mind the                            them aid through the launch of their   successful in digital marketing                                                                                                                                                  Independence for                  South-East Asia's First            successful initiatives that proved not
 socio-economic challenges and                  product, IPDC Manobota. "The main   without using social media. It is an                                                                                                                                                                                                                     only beneficial to the clients and
 opportunities during the                       motive behind IPDC Manobota was to   instrumental interface that helps                                                                                                                                                  Women                             Blockchain-based SCF Platform      community but also IPDC itself. IPDC
 pandemic, IPDC revamped its                    combine purpose with compassion. To   understand your customers. It                                                                                                                                                     IPDC designed and initiated some of   IPDC collaborated with IBM and DFID   used branding and marketing as a
 operations and introduced the   Clients        our pleasant surprise, we discovered   strengthens your marketing strategies                                                                                                                                            the most innovative financial     and launched South East Asia's first   tool during the crisis to leap out of it
 most innovative financial   The lifeblood of the business  many benevolent clients donating   while maintaining relations with                                                                                                                                         product line-ups in the industry   blockchain-based supply chain     with itself and everyone around it
 services. Essentials, like food for            their interest amounts as well," –   existing clients. They enjoyed                                                                                                                                                     which features women empowerment   financing platform, ORJON, which   victorious. By creating
 the poor, affordable housing for   Before starting their pandemic   Ishtiaque Shahriar, Head of Retail   substantial growth and liquidity even                                                                                                                         as true essence of financial freedom   enables the lender to process supply   groundbreaking products partnered
 all families, women   journey, IPDC took the responsibility   Strategy.           when the entire country was shut                                                                                                                                                     for any woman. There is IPDC-JOYEE,   chain loan applications within half an   with inventive marketing strategies,
 empowerment, and employment   of assuring its customers first,   Manobota's intent was simple yet   down, and businesses were in hot                                                                                                                                   a product to support women        hour. Neither the banker nor the client   pivoting to virtual events and
 creation, have been the key   digitally, of course. They set up a   striking. For every lakh taka   water. It was possible thanks to the                                                                                                                               entrepreneurs of Bangladesh by    needs to see each other or any third   digitizing solutions, IPDC successfully
 strategic pillars for this   section in their website menu, titled   deposited, IPDC delivered a month's   successful lead generation from the                                                                                                                         giving loans at low-interest rates   party for verification of hardcopy   grabbed the audience's hearts. They
 metamorphosis. Innovative ideas   'COVID-19', making sure anyone   worth of groceries to distressed   social media platforms, especially                                                                                                                               throughout the year. Then there is   documents. ORJON is an ecosystem   have been actively engrossed in
 have been put into place by   visiting their website will have a door   families. They were able to cater to   their official Facebook page. Most of                                                                                                                   IPDC-PRITI, a complete financial   that not only ensures financial   creating compassionate and timely
 forming collaborations with   to enter for assurance from the   the needs of 5000 families through   their content is very engaging,                                                                                                                                   solution for women to reach       inclusion but will also make a secured,   campaigns, planning for robust days
 leading organizations and NGOs   Managing Director and CEO himself,   trusted voluntary partners. "IPDC   informative, and touches the                                                                                                                                 financial independence.           transparent, reliable marketplace and   ahead. IPDC considers its humanized
 to tailor products and services   Mominul Islam, who stated, "We have   Manobota can be considered as a   audience on a more humane level,                                                                                                                                                               creates a collaboration of all the value   communication style as an incredibly
 and cater to its focus groups –   to keep our customers alive as well   ripple created in the vast sea of the   offering assistance to both clients                                                                                                                                                      chains, connecting all the dots    important instrument and believes it
 women, youth, and underserved   since they are the lifeblood of our   social class discrepancy," - Eve Esrat,   and businesses, big or small. They                                                                                                                                                       required for efficient, optimized, and   will resonate with the people even
 areas.      business."                         Founder, AMAL Foundation.          were able to interact with people                                                                                                                                                                                      sustainable economic growth. This   when all this is past us.



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