Access to financial services
and pursue savings goals. To do this, they need access to formal financial services that go beyond having a bank account.
Sarathi aims to provide customized and preferably digital financial products for workers in the garment industry. This includes services such as savings, insurance and credit products.
Bank employees come to the factories
Partner commercial banks organize so-called salary camps directly in the garment factories. For this purpose, they set up stations on the premises of the factory. There, the workers can open an account, ask their questions to the bank staff, solve problems and create savings plans. This facilitates the interaction between the workers in the factory and the bank.
Training program for low-skilled workers
One area of intervention targets low-qualified workers. These positions are mostly occupied by women. Their risk of losing their jobs due to automation in the RMG industry is particularly high. To improve their employment prospects, Sarathi offers a training program. To this end, various collaborations have been established, e.g. with the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and international fashion brands.
The Sarathi project aims at giving workers in the garment industry access to customized and preferably digital formal financial services to promote their financial health.
Training for future female entrepreneurs
In addition, interested women can participate in an entrepreneurship training program and receive support in starting their own business. This includes easier access to incubation services and loans.