Market digest

IPDC launches collateral-free loans for outsourcing firms

Staff Correspondent

13 July, 2020 12:00 AM printer

Non-banking financial institute IPDC Finance announced collateral-free loans for business process outsourcing (BPO) companies in Bangladesh.

Under a special scheme of IPDC, micro, small and medium enterprises (MSME) in BPO sector will avail term loan, lease finance and women entrepreneur loan with a discounted processing fee and lower interest rate.

State Minister for ICT Zunaid Ahmed Palak launched the ‘special financial package’ for Bangladesh Association for Call Center and Outsourcing (BACCO) over a Zoom meeting on Sunday.

IPDC chief executive Mominul Islam, deputy managing director Rizwan Dawood Shams, BACCO president Wahidur Rahman Sharif, vice president Tanvir Ibrahim  and general secretary Towhid Hossain were connected over the session. The partnership will enable easy access to finance for small businesses, which will be able to avail different types of loans offered under the initiative.  The companies can apply for financial assistance from the comfort of home or office as IPDC has assigned dedicated relationship managers for BACCO members.

IPDC Managing Director Mominul Islam said IPDC joined hands with BACCO to provide customer-centric and bureaucracy-free financial solutions for BACCO members and allow them to grow their businesses to its true potential.