Esquire Financing gets P500-M IFC loan

International Finance Corp. said it is providing P500-million loan to Esquire Financing Inc., the fourth largest non-bank financing institution in the country, to increase access to finance for smaller businesses, particularly women-owned enterprises.

“The funding will allow Esquire, a market leader in the unsecured small and medium enterprises loan segment, to grow its loan portfolio and better serve women-owned SMEs during and after the global pandemic,” IFC said. Esquire differentiate itself from other NBFI and bank competitors as it focuses exclusively on small businesses.

Yet, limited access to finance deters their growth. In response, IFC, through its advisory services, with support from the Australian government, will help create a robust institutional environment by strengthening EFI’s risk management framework.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DOF seals loan for Western Visayas bridge project | Bernadette D. NicolasThe Philippines and South Korea exchanged on Wednesday their copies of the agreement for the $56.6-million loan to finance the engineering services for the Panay-Guimaras-Negros Island Bridges project. Finance Secretary Carlos G. Dominguez III and Export Import Bank of Korea-Economic Development and Cooperation Fund (KEXIM-EDCF) Executive Director Tae-Soo Kim received from…
Source: BusinessMirror - 🏆 19. / 59 Read more »

PH, Korea sign deal for 32 km Panay-Guimaras-Negros bridge - Auto NewsThe loan will be used to conduct engineering works for Panay-Guimaras-Negros island bridge
Source: autoindustriya - 🏆 15. / 63 Read more »

PH seals $56.6-M Korean loan for bridgesThe Export Import Bank of Korea-Economic Development and Cooperation Fund (KEXIM-EDCF) has sealed a loan to the Philippines to finance the engineering services for the Panay-Guimaras-Negros Island bridges project.
Source: manilabulletin - 🏆 25. / 51 Read more »