Edited by: Sheera Abg Mansor
KUALA LUMPUR: Maybank Foundation’s R.I.S.E (Reach Independence and Sustainable Entrepreneurship) programme has successfully assisted 6,358 participants from disadvantaged communities in Malaysia, the Philippines, Indonesia and Laos since it began in 2014.
Maybank Foundation chief executive officer Shahril Azuar Jimin as quoted in Bernama said the economic empowerment program is designed to support the communities, particularly persons with disabilities (PWDs) by helping them to grow their income and become financially independent through training, coaching and mentoring.
He said about 40 per cent of 6,358 participants that were trained under the programme from 2014-2019 achieved an average monthly income growth of more than 350 per cent.
The second phase of the programme: R.I.S.E 2.0, has expanded the programme to include Myanmar and Singapore, opening doors to further improve the lives of more than 17,000 communities by 2023 and reaching out the underbanked communities from rural areas to improve their access to banking services.
He said this is part of the bank’s mission to humanise financial services by supporting local business growth as well as strengthen financial inclusion in ASEAN, adding that the bank has allocated RM8.22 million between 2019 and 2020 for phase 1 of R.I.S.E 2.0.