LankaBangla Finance gets $21m foreign loans

LankaBangla Finance has recently received $21 million in foreign currency loans from two companies with prior approval from Bangladesh Bank. 

Financing for Healthier Lives DAC, an Ireland-based special purpose vehicle, provided $5 million whereas five funds managed by responsAbility Investments AG, a Swiss impact investment manager, provided $16 million, said a press release.

The funds will mainly be utilised to provide loans to small and medium enterprises and finance projects with positive social impacts.