SDB bank to boost SMEs and women entrepreneurship | Sunday Observer

SDB bank to boost SMEs and women entrepreneurship

14 February, 2021

The United States International Development Finance Corporation (DFC) has approved a USD 40 million (Rs. 7.5 billion) term loan facility to SDB bank to promote financial inclusion, resulting in more support to SMEs, particularly female-owned Small and Medium Enterprises.

SDB bank was selected for the loan primarily due to its innovative business model that takes a progressive approach to development, with an emphasis on financial empowerment and SME development. Forty percent of the loan facility is reserved for women with the remaining 60% being allocated to SMEs in general.

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