Business Desk :
LankaBangla Finance Limited has received a loan of $15 million from BlueOrchard Microfinance Fund managed by a Switzerland-based impact fund manager BlueOrchard Finance Limited. This is the second cross-border debt transaction for LankaBangla after it received its maiden foreign funding in 2019 from Islamic Corporation for the Development of the Private Sector (ICD), said a press release.
BlueOrchard seeks to contribute to economic, environmental, and social development and to improve access to financial services to those at the bottom of the pyramid as well as small and medium enterprises, mainly in emerging markets. For BlueOrchard, this is their first entry in the Bangladesh market and LankaBangla is the first Bangladeshi recipient institution of their financing.
