Tag: Asian Development Bank
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 Asian Development Bank (ADB) has a $100m financing deal to support holding company Ayala Corporation’s initiatives to charge the electric vehicle (EV) ecosystem in the Philippines.
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).
ADB and Mastercard have committed to working together on projects that will increase financial accessibility, encourage the use of digital payments, and improve digital literacy in marginalised populations. Their main goals include encouraging inclusive economic development and closing the digital divide....
The loan is accompanied by a $750,000 technical assistance grant to help TPB better meet the needs of WSMEs.
From sustainability to business support, the latest APAC summit by Plug and Play is a wide event for SME support to improve their innovations.
