Midland Bank Limited (MDB), in collaboration with USHA Foundation, an NGO, disbursed loans directly to the customers of Jamdani Cluster, Narayanganj, under cluster based financing in the CMSME sector.
Midland Bank, disbursed Tk.1.00 Crore among 40 entrepreneurs through an Open Loan Disbursement Ceremony held on June 06, 2022, at the conference hall of USHA Foundation, located at Tarabo of Rupganj Thana, in Narayanganj District.
The Bank disbursed these loans directly at the entrepreneurial level through the formation of clusters in collaboration with USHA Foundation.
Md. Ahsan-uz Zaman, Managing Director and Chief Executive Officer of Midland Bank Ltd. handed over the cheques to the borrowers as the chief guest on the occasion. Md. Sharafat Ullah Khan, Deputy General Manager, SME and Special Programmes Division, Bangladesh Bank was present on the occasion as a special guest.
Among others, Md. Tajul Islam, Executive Director, USHA Foundation, Md. Javed Tareq Khan, Head of Institutional Banking Division, MDB, Md. Ahsan Jamil Hossain, Head of SME Banking Division, MDB were also present on the occasion.
During the loan disbursement programme, a total of Tk.4.50 Crore was sanctioned by Midland Bank out of which, Tk.1.00 Crore was disbursed directly to 40 borrowers of Jamdani Cluster, Narayanganj