When IDLC joined the SME Finance Forum in 2015 as a founding member, our global membership network comprised only 70 SME-oriented institutions from 34 countries. Since then, the membership network of the SME Finance Forum has grown steadily. In fact, the SME Finance Forum has just welcomed its 230th member institution. SME finance experts and practitioners from our member institutions are passionate about sharing with one another their knowledge and practical experiences in serving MSME clients as well as latest development and innovation in SME finance.
“Being one of the first founding members to join the SME Finance Forum in 2015, when the network was first launched, shows not only the trust and believe IDLC has in the mission of the SME Finance Forum but also their commitment to improving access to finance for MSMEs. We highly appreciate and commend all of our members for their dedications to support and serve MSMEs across the world.” said Hourn Thy, Head of Operations of the SME Finance Forum.
Serving over 45,000 clients, IDLC Finance Limited has grown to become the largest multi-product Non-Bank Financial Institution of Bangladesh, with almost equal focus in corporate, retail, and SME sectors. As the silver winner of the “Women-owned SME Bank of the Year” SME Finance Award in 2019, IDLC diligently promotes financial inclusion, offering comprehensive solutions to women-owned businesses that are often required to accelerate and grow the business.
“Marking our presence in over 20 cities, we still strive to help people achieve their dreams. Financing is much more than just a monetary transaction. Every transaction has a purpose, and our purpose is to finance happiness. We greatly appreciate the opportunity to join SME Finance Forum as one of the founding members and network with leading financial institutions to spur the growth of global SMEs,” said M. Jamal Uddin, CEO and Managing Director of IDLC.
About SME Finance Forum
The SME Finance Forum works to expand access to finance for small and medium businesses. Created by the G20 Global Partnership for Financial Inclusion and managed by IFC, the Forum operates a global membership network of over 230 member institutions that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
IDLC was initially established by Bangladesh in 1985 through the collaboration of International Finance Corporation (IFC) of the World Bank, German Investment and Development Company (DEG), Kookmin Bank and Korean Development Leasing Corporation of South Korea, the Aga Khan Fund for Economic Development, IPDC of Bangladesh Limited, and Sadharan Bima Corporation.
IDLC started as a single product lease finance company back in 1985 with 5 staff members, 35 years down the line, emerged as the largest multi-product multi-segment Non-Banking Financial Institution in the country. As one of the most respected financial brands in the industry, IDLC Finance Limited holds a strong and diversified footing in Corporate, SME and Retail financing segments. Moreover, IDLC has a significant presence in the Capital Markets.
Read more about IDLC’s initiatives at http://www.idlc.com/