IFC and Dashen Bank Partner to Deliver Support to SMEs in Ethiopia
Ethiopia, Feb. 17 -- IFC announced a partnership with Dashen Bank S.C. to increase access to finance for small- and medium-sized businesses (SMEs) in Ethiopia, supporting economic growth and job creation in the country.Under the partnership, IFC will provide a risk-sharing facility that will enable Dashen Bank to increase its lending to SMEs, with a particular focus on those in the agribusiness sector and on businesses that are women owned or led.Increasing access to finance is critical for smaller businesses in Ethiopia, where IFC is working with partner banks and microfinance institutions to deliver the funding businesses need to grow, reach new markets, trade, purchase equipment, and create jobs.Under the partnership announced today, IFC...
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