IFC, leasing firm bring loan product for SMEs
International Finance Corporation (IFC), a member of the World Bank Group, in collaboration with United Leasing Company Ltd in Bangladesh has brought a loan product to help increase access to finance for the country's small and medium enterprises (SMEs) in light engineering sector.
IFC's value-added services to the company enabled it to develop Mousumee (seasonal), a working capital loan product with a flexible repayment scheme, says a press release.
IFC works through its advisory services facility in the region, the SouthAsia Enterprise Development Facility, to strengthen the performance of SMEs in a few sectors such as light engineering and agribusiness.
Comments