BANDAR SERI BEGAWAN
Five local entrepreneurs who are currently part of the second cycle of BIBD Catalyst were given the opportunity to attend a mentoring session with the co-founders of FashionValet, Fadzarudin Shah Anuar and Vivy Yusof.
Baitaal Hijab, Mumtaz Collections, Rozai Hijab, Mukaku Cosmetics and Mudaser were selected based on their ability to export their products, to be trained by FashionValet and have a proven track record of growing and marketing brands successfully through their platform.
These businesses were also given the opportunity to sell their products to the public at the FashionValet pop-up store which ran from May 1 – 4.
The aim of the mentoring session was to provide an opportunity for the BIBD Catalyst participants to understand the challenges that the duo has faced as well as the strategy that has allowed FashionValet to grow at such a rapid pace.
Furthermore, BIBD Catalyst is a corporate social responsibility initiative under Bank Islam Brunei Darussaam (BIBD) that focuses on providing acceleration programs for up and coming entrepreneurs.
BIBD Head of Retail Banking Hjh Nurul Akmar Hj Mohd Jaafar said: “Alhamdulillah, the sharing session is part of BIBD’s continuous commitment to supporting our local entrepreneurs and providing them with the tools that they need in order to go beyond our borders.”
This is also one of the ways that BIBD is supporting His Majesty’s Vision 2035 of diversifying the economy and produce highly skilled human assets.
Through the BIBD Catalyst program, the bank hopes to see more of our local entrepreneurs break into the regional market and carry our flag internationally.
Moreover, it is hoped that this programme and the invaluable mentoring from FashionValet will be the push that these entrepreneurs need.
She added: “Our hope is that the BIBD Catalyst program will be one of the best in region, and we are working closely with DARe to refine the objectives with this in mind”.
Commenting on the BIBD Catalyst programme, FashionValet’s CEO and co-founder, Fadzarudin Shah Anuar said that FashionValet shares many common values with BIBD, especially in their desire to encourage and support entrepreneurship.
Fadzarudin added that it is a privilege for them to be able to give back to the community by sharing their experiences and the ups and downs that FashionValet has faced.
Meanwhile, on her part, Chief Creative Officer and co-founder of FashionValet Vivy Yusof, shared that they have always seen great potential in Bruneian designers but unfortunately, none have been able to fully penetrate the market outside of Brunei.
That is the challenge the duo hopes to overcome by working with local fashion and beauty entrepreneurs through the programme.
The BIBD Catalyst programme is in line with BIBD’s social enterprise role within its Corporate Social Responsibility pillars of entrepreneurship, education and community, and it just one of the many ways that BIBD aims to contribute to the community.