Project Description
Phase II of the SME Finance Facility focuses on promoting local currency lending, particularly for micro, small, and medium-sized enterprises (MSMEs). These enterprises do not earn foreign currency and struggle with the high borrowing costs.
Project Objectives
The goal of Phase II of the SME Finance Facility is to enhance access to finance for SMEs. It aims to bolster financial intermediaries' confidence in lending to SMEs, improve their ability to assess and manage related risks, and expand financing options available to the real economy by strengthening local currency credit markets.
