SEDF providing SME financing training to bank employees
Friday, 29 June 2007
FE Report
International Finance Corporation (IFC) Advisory Services for South Asia - the SouthAsia Enterprise Development Facility (SEDF)-providing tailored small and medium enterprise financing training to employees of Eastern Bank Ltd.
The objective was to teach them to use credit-scoring techniques in order to take calculated risks on SMEs and to help them develop their skills in SME banking. This training will allow banks to increase their SME loan portfolios and can lead to the critical change in mindset necessary to open up SME banking opportunities.
Small and Medium Enterprises (SME) in Bangladesh contributed 25 per cent of gross domestic product (GDP) and 80 per cent of the industrial jobs of the country in 2004. The country's estimated 6 million SMEs and micro enterprises firms of less than 100 employees have a significant role in generating growth and jobs.
This is a sector that has its own distinct needs and requires specialized focus. Limited access to finance is a key challenge facing small businesses.
International Finance Corporation (IFC) Advisory Services for South Asia - the SouthAsia Enterprise Development Facility (SEDF)-providing tailored small and medium enterprise financing training to employees of Eastern Bank Ltd.
The objective was to teach them to use credit-scoring techniques in order to take calculated risks on SMEs and to help them develop their skills in SME banking. This training will allow banks to increase their SME loan portfolios and can lead to the critical change in mindset necessary to open up SME banking opportunities.
Small and Medium Enterprises (SME) in Bangladesh contributed 25 per cent of gross domestic product (GDP) and 80 per cent of the industrial jobs of the country in 2004. The country's estimated 6 million SMEs and micro enterprises firms of less than 100 employees have a significant role in generating growth and jobs.
This is a sector that has its own distinct needs and requires specialized focus. Limited access to finance is a key challenge facing small businesses.