The International Finance Corp. (IFC) and the Agence Française de Développement (AFD) will jointly guarantee, through a risk-sharing facility, five million dollars' worth of loans granted by BLC Bank to support small and medium enterprises (SMEs).
The move is likely to spur ten million dollars in lending. About 20 percent of the loans will be earmarked for women-owned SMEs.
"BLC Bank is the first bank to benefit from the MENA SME Risk Sharing Facility with special fo...
Article details
The move is likely to spur ten million dollars in lending. About 20 percent of the loans will be earmarked for women-owned SMEs.
"BLC Bank is the first bank to benefit from the MENA SME Risk Sharing Facility with special fo...
Article details
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