IPDC Finance Limited, the first ever private sector financial institution in Bangladesh, has recently signed a Memorandum of Understanding (MoU) with Nadia Furniture Limited, one of the most popular home furniture manufacturers and retailers in the country.
The signing ceremony was held at the IPDC head office at Gulshan in the capital. Ishtiaque Shahriar, Head of Retail Strategy and Channel Development of IPDC Finance, and M Khasruzzaman, General Manager (Sales) of Nadia Furniture Limited, on behalf of the respective organisations signed the MoU.
Under the MoU, salaried customers making any purchase at Nadia Furniture Limited will be able to avail loans from IPDC. They can buy Nadia’s furniture with a 12-months EMI facility at a 0% interest rate. Nadia Furniture Limited is providing the consumers of all strata with affordable and lucrative furniture and homeware.
During the programme, Ishtiaque Shahriar, Head of Retail Strategy and Channel Development of IPDC, said, “The majority of the middle and affluent class population does not get credit from the already available credit facilities for their planned purchases. IPDC envisions to bridge that gap though its consumer loans.”
Md. Maruf Hasan, Deputy Manager, Marketing & Branding of Nadia Furniture Limited, Mohammad Miftah Ul Alam, Assistant Manager (Retail Strategy & Channel Development), Diponkar Majumder, Management Associate (Retail Strategy & Channel Development), and Mushfique Uddin Mahmud Rafid, Management Trainee, of IPDC Finance Limited were also present in the programme.
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