The United States has extended a loan of US$40 million to the SDB Bank to bolster the SME sector in Sri Lanka and to support women entrepreneurs. The US Embassy in Colombo stated that using this US$40 million, the SDB Bank will provide 1,400 loans in the range of Rs 500,000 and Rs 1 million each to SMEs across Sri Lanka. Around 40% of these loans would be granted to women-owned business enterprises or businesses that provide a product or service that empowers women. Many SMEs which have been adversely affected by the Covid-19 pandemic will also be beneficiaries of these loans.
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.