The Dhaka-headquartered LankaBangla Finance Limited has obtained two foreign currency loans totaling US$21 million, which will be utilized to lend to SMEs and projects having a positive social impact across Bangladesh. While a US$5 million loan has been received from Ireland-based special purpose vehicle (SPV) Financing for Healthier Lives DAC, the remaining US$16 million is from five funds under the management of Zurich-based impact investment manager named responsAbility Investments AG. The interest amount payable annually by LankaBangla Finance for the entire US$21 million funding would be at the rate of 4.5%.
