Ajman Bank and the Emirates Development Bank (EDB) have signed a memorandum of understanding (MoU) to offer credit guarantee and co-lending support to the small and medium enterprises (SMEs) in the United Arab Emirates. Under the MoU, Ajman Bank will offer up to AED 10 million funding to the SME, and 50% of that amount will either be guaranteed or co-lent by the EDB. The agreement also envisages supporting UAE citizens in launching start-ups by offering to finance up to AED 1 million, wherein 60% will be guaranteed or co-lent by the EDB.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.