City Bank-bKash digital nano loan disbursement surpasses Tk 100b

The cumulative disbursement of the City Bank-bKash Digital Nano Loan has exceeded Tk 100 billion, marking a major milestone in Bangladesh's journey towards digital lending and financial inclusion, according to a press release.
Since its commercial launch in December 2021, the service has provided loans to 3.5 million bKash app users through more than 31 million individual loan accounts.
On average, each customer has taken this short-term loan over nine times, reflecting growing demand for convenient access to small-ticket credit.
The facility is now available to more than 12 million eligible bKash customers, the majority of whom previously had little or no access to formal bank credit or banking services.
Currently, nearly 100,000 customers receive City Bank's digital nano loan through the bKash app every day.