Press Release - MauBank Launches ‘ElleBoost’ SME Scheme Empowering Women Entrepreneurs

March 07, 2024

Press Release - MauBank Launches ‘ElleBoost’ SME Scheme Empowering Women Entrepreneurs

MauBank Ltd is proud to announce the launch of “ElleBoost”, a groundbreaking SME scheme specifically tailored to empower women entrepreneurs in Mauritius. This initiative is set to kick off on March 8, 2024, in line with International Women’s Day, under the theme ‘Invest in women: Accelerate progress’. With the launch of “ElleBoost”, MauBank is reaffirming its commitment to fostering economic growth, innovation, and gender equality within the Mauritian business landscape, in line with Government’s vision.

The “ElleBoost” scheme which aims to ease common challenges faced by women entrepreneurs such as cash flow issues and financing for business expansion comprises of a Term Loan, an Overdraft facility as well as a Leasing facility at concessionary rate (PLR-1) Other Features of the scheme are low processing fees, moratorium, 100% financing of vehicles and equipment, long term of payments and free credit card with a minimum limit of Rs 25,000.

Key features of “ElleBoost” include zero processing fees and a free one-year subscription for GS1 barcodes for women entrepreneurs applying during the campaign period, from March 8 to April 30, 2024. With its quick approval promise, this initiative aims to streamline the application process and remove financial barriers that often hinder the growth of women-owned businesses.