Tuesday
August 20
2019

Asian Development Bank Approves $25M Loan to Support Women-Led SMEs

The Asian Development Bank (ADB) has approved a $25 million syndicated loan to support the lending operations of one of Pakistan’s microfinance service providers.

The Kashf Foundation provides loans to low-income households and women-led micro, small, and medium-sized enterprises (MSMEs). The loan will help expand women’s access to finance in Pakistan and empower them economically. There is a need to improve access to finance in Pakistan, particularly for women in low-income communities as well as women-led enterprises. “An inclusive financial sector is essential for Pakistan’s sustainable development,” said ADB Investment Specialist Tina Rohner.

Photo courtesy of fsecart.

Source: The Express Tribune (link opens in a new window)

Categories
Finance
Tags
financial inclusion, microfinance, MSMEs, SME finance, SMEs, Women