The Asian Development Bank (ADB) along with HSBC India has signed an agreement recently to establish a $100 million partial guarantee program to finance more than 400k microbusiness owners, especially small businesses owned by women. This agreement focuses on disbursing $30 million to the 3 Micro Financing Institutions (MFIs) initially, so they can have more access to funding for on-lending activities as they plan to expand post-pandemic.
Relief for microbusiness owners, here it comes
Relief for microbusiness owners, here it…
Relief for microbusiness owners, here it comes
The Asian Development Bank (ADB) along with HSBC India has signed an agreement recently to establish a $100 million partial guarantee program to finance more than 400k microbusiness owners, especially small businesses owned by women. This agreement focuses on disbursing $30 million to the 3 Micro Financing Institutions (MFIs) initially, so they can have more access to funding for on-lending activities as they plan to expand post-pandemic.