Prime Bank, USAID jointly offer harvest-based loans for smallholder farmers & input retailers and introduce a digital application and an instant eligibility screening system to shorten loan applications and processing times.
Prime Bank has announced a partnership with the USAID funded Feed the Future Bangladesh Horticulture, Fruits, and Non-food Crops Activity for an intervention on “Instant and Digital Access to Finance Through Prime Bank’s Agent Banking’’, a press release said.
This asserts Prime Bank’s ongoing drive for digital transformation in the financial sector.
The Horticulture Activity supports the Government of Bangladesh’s (GOB) food security objectives by strengthening the private sector’s capacity to increase productivity and production of quality horticulture, fruits, and non-food crops that meet domestic and international standards.
Mr. Marcos Moreno, the Chief of Party of the Horticulture Activity said, “We are excited to participate in this very innovative initiative. The Activity is motivated to add value to innovative solutions driven by private sector actors like Prime Bank. It looks forward to working in partnership to unlock the gap for the thousands of unbanked and underserved rural women and men involved in horticultural crops.”
Prime Bank’s Managing Director and CEO Hassan O. Rashid said, “We are excited to partner with USAID, a leading development partner in the world. Prime Bank has been working relentlessly to ensure greater financial inclusion through Agent Banking. A partnership like this is will be pivotal in achieving our mission in financial inclusion.”
