Business Desk :
Prime Bank Limited and online shopping marketplace, Daraz Bangladesh, have joined hands to facilitate MSME financing to e-commerce merchants without any collateral.
As per an alliance formed recently, the merchants of Daraz Bangladesh, a subsidiary of Alibaba Group, will avail easy access to MSME loan from Prime Bank. It will be a big boost for the country’s promising e-commerce sector as eligible marchants of Daraz can now enjoy collateral free loan up to BDT 50 lakh and other tailor-made financial solutions, said a press release. The merchants can also avail a wide range of deposit products and free Internet Banking – ALTITUDE – for conducting broad range of e-transactions.
Prime Bank Limited and online shopping marketplace, Daraz Bangladesh, have joined hands to facilitate MSME financing to e-commerce merchants without any collateral.
As per an alliance formed recently, the merchants of Daraz Bangladesh, a subsidiary of Alibaba Group, will avail easy access to MSME loan from Prime Bank. It will be a big boost for the country’s promising e-commerce sector as eligible marchants of Daraz can now enjoy collateral free loan up to BDT 50 lakh and other tailor-made financial solutions, said a press release. The merchants can also avail a wide range of deposit products and free Internet Banking – ALTITUDE – for conducting broad range of e-transactions.
