As a part of a more significant $265 million commitment, the US Development Finance Corporation has delivered $150 million to DFCC Bank.
According to the US Embassy in Sri Lanka, the $150 million loan supports the development of Sri Lanka’s community-based small & medium enterprises, especially those led by women. The loan to DFCC Bank is considered the largest loan disbursement carried out by the US Development Finance Corporation.
The loan will be used to fund the DFCC’s 2X Women initiative, which has already mobilized over $7 billion in private sector investments towards women empowerment. The industry plans to mobilize an additional $12 billion by 2025.
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