Tag: ADB
Manila, Philippines – The Asian Development Bank (ADB) has signed a USD$30m loan agreement with Fuse Financing Inc. aimed at expanding access to credit for micro, small, and medium-sized enterprises (MSMEs) in the Philippines through a digital lending platform. According to ADB, the financing is intended...
The collaboration will leverage a US$5m grant from the Mastercard Impact Fund to support up to US$1b of ADB financing to financial institutions for lending toward micro, small, and medium enterprises (MSMEs).
The loan is accompanied by a $750,000 technical assistance grant to help TPB better meet the needs of WSMEs.
