PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

599843

Primary Business Area

Access To Finance

Disclosure Date

Jun 26, 2014

Country

Bangladesh

Region

South Asia

IFC Approval Date

Apr 25, 2014

Status

Completed

Estimated Total Budget

$172,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Oct 31, 2016

Project Description

IFC is helping IDLC to strengthen its SME Finance operation allowing the bank to solidify its position as a market leader among the Non-Bank Fiancial Institutions (NBFIs) in Bangladesh and consolidate its SME financing businesses through scaling up. IFC will advise the FI at the management levels to ensure that it meets international best practices in SME Banking. This comes at a time when South Asia banks are implementing new and innovative tools for SMEs. The partnership is primarily designed to allow the FI to expand lending to sub-urban customers along with small and medium enterprises, thus helping Bangladeshi enterprises to grow and create jobs.

Development Results

E&S Risks / Impacts and Mitigation