GET IN TOUCH
- Please wait...
In Bangladesh, SMEs face significant financial challenges due to high collateral requirements, elevated interest rates, and complex loan procedures. Limited financial literacy among SME owners hampers their ability to meet formal financing requirements, while inadequate credit information and regulatory barriers increase perceived risks for lenders.
Additionally, limited awareness of available financial products, underdeveloped alternative financing options, and high non-performing loan ratios lead to stricter lending practices. Gender disparities also restrict female entrepreneurs’ access to finance, further complicating the financial landscape for SMEs. These factors collectively hinder SME growth and sustainability in the country.
LightCastle Partners along with Bank Asia conducted its financial product promotion event in Faridpur on October 22, 2024, at Faridpur BRAC Learning Center. The event was comprised of raising awareness about the different financial products available in the market and their interest rates along with the tenure.
A Session on SME Financing by Bank Asia Agent Banking Deputy Manager, Mr Kokhon Kumar Biswas.
Bank Asia conducted a session on SME Financing via their agent banking network. Describe how bank interest rates work along with their tenures and the different schemes available for different agricultural products. They also explained the different schemes that give subsidy loans and government-incentivized loans to women farmers.
The Deputy Manager of Bank Asia Agent Banking in Faridpur, Mr. Khokon Kumar Biswas had an engaging discussion with the participants about their queries and perspectives on different banking products. The participants had the opportunity to have one-to-one discussions with him and share their experiences and misunderstandings about the banking procedures and loan applications.
A session on different financial products available in the market was conducted by Nazmul Kabir Al Mehmud, Senior Business Consultant, LightCastle Partners
The iDE CSISA-MEA project aims to promote agriculture Mechanisation Extension amongst farmers and light engineering enterprises to increase productivity and effectiveness in the agricultural sector.
Our experts can help you solve your unique challenges
