Listed Lankabangla Finance Limited has received 15 million in foreign loans from the Bluechard Microfinance Fund run by the Switzerland-based Bluechard Finance Limited. This information has been known through a press release sent from the company.

It is learned that this is the second foreign loan taken by LankaBangla. Earlier, the company received its first foreign loan in 2019 from the Islamic Corporation for the Development of the Private Sector (ICD).

BlueChard is keen to play a collaborative role in sectors that contribute to social, economic and environmental development and is working to ensure the economic inclusion of SMEs and emerging entrepreneurs. To this end, they have entered the Bangladesh market for the first time by providing loans to LankaBangla.

The proceeds from the loan will be used in the environmentally friendly and sustainable SME sector, which will contribute to business growth and job creation in the post-epidemic sector.

Sunbd/NJ