IDLC engages IFC advisory services for SME and supply chain financing

IDLC Finance PLC is pleased to sign a new collaboration agreement with the International Finance Corporation (IFC) to accelerate growth in Bangladesh's SME and supply chain financing sector.

Building on the successful partnership established in 2014, which focused on empowering women entrepreneurs, developing a scorecard-based lending model & loan origination system, and expanding into the affordable housing market, this renewed collaboration will undertake a comprehensive 360° assessment of the SME market. The assessment will provide crucial insights and strategic recommendations, supporting IDLC Finance's development of innovative financing solutions tailored to the sector's needs.

Speaking at the signing ceremony held on September 18, 2024, at the IDLC Finance Head Office, Syed Javed Noor, Additional Managing Director of IDLC Finance PLC, remarked, "Our partnership with IFC has been a driving force behind our growth in key areas like affordable housing and women's entrepreneurship. This renewed collaboration signals the beginning of another exciting chapter, allowing us to delve deeper into the SME sector and continue offering impactful financial solutions." IFC's Director for FIG Asia & Pacific, Allen Forlemu, recognised and appreciated IDLC's effort towards women empowerment and green financing.

The new partnership with IFC underscores IDLC Finance's ongoing commitment to fostering sustainable business growth and supporting Bangladesh's economic development. The collaboration will enable IDLC Finance to expand its footprint in SME financing while strengthening its supply chain financing capabilities.