Trust Bank, Sheba.xyz sign MoU to launch digital nano loan

Trust Bank PLC has signed a Memorandum of Understanding (MoU) with leading digital fintech platform Sheba.xyz to promote digital financial inclusion in Bangladesh through the introduction of a digital nano loan facility. The agreement was signed by Ahsan Zaman Chowdhury, Managing Director & CEO of Trust Bank PLC, and Ilmul Haque, Managing Director of Sheba Fintech Limited, on behalf of their respective organisations recently at Trust Bank's head office. Under this partnership, micro and small entrepreneurs will be able to access collateral-free nano loans through a fully digitized process featuring simplified applications, e-KYC, quick approvals, and seamless disbursement and repayment via digital wallets. The digital nano loan facility will be offered to registered users of the Sheba Pay platform.