To support Cottage, Micro, Small and Medium Enterprises (CMSMEs) sustain their business during the COVID-19 pandemic, IPDC Finance Limited, the first private-sector financial institution in Bangladesh, is providing Stimulus Loans to CMSMEs, in collaboration with Ajkerdeal.com, leading e-commerce marketplace platform that is used by small entrepreneurs to sell their products online.
To initiate this collaboration, IPDC signed a Memorandum of Understanding (MoU) with Ajkerdeal.com. Under the MoU, IPDC will provide loans, prioritizing Stimulus Packages, to CMSMEs, which are merchants of the latter organization.
IPDC has already disbursed the first merchants of Ajkerdeal.com under the stimulus package recently.
Mominul Islam, Managing Director and CEO of IPDC, stated, “IPDC has always given back to the community, even more so now during this socio-economic catastrophe as we feel obliged to stand by the businesses that are taking it the hardest.”
IPDC has been relentlessly working to provide Stimulus Loans to CMSMEs all over Bangladesh, placing its focus especially on non-metropolitan areas. The objective of collaborating with Ajkerdeal.com is to make this initiative more impactful and faster.
Rizwan Dawood Shams, Deputy Managing Director of IPDC, stated, “This sort of collaboration is ideal for reaching a wider network of CMSMEs and helping them get back on their feet through IPDC’s initiatives. We are strongly invested in providing loans, especially the Stimulus Loans and remaining aligned with the authorities and the apex bank.”
Ajkerdeal.com runs an e-commerce platform where categories of brand products are displayed and sold. It operates its entire supply chain in association with around 10,000 cottage and micro enterprises. Through this collaboration with IPDC, they are prioritizing the potential enterprises that are affected by the pandemic.
Fahim Mashroor, CEO of Ajkerdeal.com, said, “Collaborating with IPDC is a great privilege for us. This initiative will greatly aid the small entrepreneurs working with us and help them overcoming economic challenges they have faced for the pandemic.”
The beneficiary merchant of the Stimulus Loan from Ajkerdeal.com, Md. Almas, owner of Ahmed Trading International, stated, “I thank the government of Bangladesh, IPDC Finance and Ajkerdeal.com for standing beside us. It is through such initiatives that we are strengthened to continue our journey.”