Dhaka, Dec. 5 -- BRAC Bank has partnered with iFarmer, an agri-tech company, to extend its digital lending programme, 'Shafollo', to iFarmer's registered agri-input retailers.

Through the collaboration, iFarmer Centre (IFC) retailers will be able to access working capital directly from BRAC Bank's Shafollo platform, the country's first SME digital lending initiative. Loans can be accessed through BRAC Bank's Shubidha app and iFarmer's KriShop app, ensuring a fast, seamless, and fully digital financing experience, according to a press release.

The initiative aims to address the working capital challenges faced by agri-input retailers by enabling instant payments for sourcing inputs, reducing dependence on informal credit, and increasing ...