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IFC funds small business loans

Update: July, 21/2012 - 09:27

HCM CITY — Orient Commercial Bank (OCB) has received a US$10 million loan package from the International Finace Coporation (IFC). The money will be used to extend the bank's capacity to lend to small- and medium-sized enterprises (SMEs), under its so-called OCB SME Loan Programme.

The programme would allocate $25 million, including $15 million directly from IFC funding, for loans to promote exports by SMEs, with $5 million allocated to businesses owned by women.-VNS

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