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DBS mentoring program for social enterprises

DBS Bank has started a program in Singapore to mentor and finance 12 social enterprises. The bank said the scheme will give these enterprises access to mentoring sessions by DBS senior SME bankers, banking and finance training courses at the DBS SME Academy, as well as better financing options. The selected enterprises will also receive a relationship managed account that is traditionally reserved for larger corporate customers, the bank added. Joyce Tee, group head of SME banking at DBS, said social enterprises have big ambitions to make a positive impact in their community, and very often they struggle with limited resources. The bank wanted to support these social enterprises in their journey to create greater social impact, she added. The program is being administered by DBS Foundation and the bank’s SME banking team.

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