Thursday
February 4
2021

SDB Bank Set to Boost SMEs and Women Entrepreneurship in Sri Lanka

The United States International Development Finance Corporation (DFC) has approved a USD 40 Million (Rs. 7.5 Billion) term loan facility to SDB bank in a bid to promote financial inclusion, resulting in more support to SMEs, particularly female-owned Small and Medium Enterprises. This comes as part of the financing recently approved by the DFC board to advance development in emerging markets of African, Middle Eastern, Eastern European, Indo-pacific, and Latin American regions.

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Source: The Island Online (link opens in a new window)

Categories
Entrepreneurship, Finance
Tags
entrepreneurs, financial inclusion, impact investing, LMICs, SMEs, Women