ADB Partners with Five-Star Business Finance to Boost Financial Access for Women Entrepreneurs in India
India, Dec. 11 -- The Asian Development Bank (ADB) has signed a $100 million loan agreement with Five-Star Business Finance Limited (FBFL) to expand access to micro, small, and medium-sized enterprises (MSMEs) business loans to women borrowers from lower-income groups in India.The Five-Star Social Loan Improving Access to Micro, Small, and Medium-Sized Enterprises Finance for Lower-Income Women Borrowers Project aims to increase the company's MSME loan portfolio for women borrowers. The funds will be deployed under a social finance framework aligned with international standards, which will be externally verified with ADB's technical assistance. It will also support FBFL in embedding gender-responsive practices within its operations, includi...
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