The International Finance Corporation (IFC), a member of the World Bank Group, announced new financing of $100 million to support FNB’s lending to small and medium enterprises, with a focus on women-owned businesses. The financing falls under the IFC SME Push Program, a comprehensive, multi-stakeholder initiative that intends to promote lending and strengthen support for small and medium enterprises by the formal banking sector. As the SME bank of choice, our value proposition is based on understanding the challenges that small businesses navigate and offering solutions that remove this everyday angst. The program was developed to complement government policies promoting lending to small and medium enterprises and to spur job creation in South Africa. IFC is sister organization of the World Bank and member of the World Bank Group.

Source: News Business Ethiopia February 06, 2018 13:07 UTC