A Memorandum of Understanding (MoU) was signed between Prime Bank Ltd and B2B wholesale marketplace providing company Shodagor International Ltd to facilitate eligible merchants of Shodagor.com.
Under this agreement, merchants of Shodagor.com will be able to avail of a mortgage-free credit facility up to BDT 5.0 million from Prime Bank, according to a statement.
Merchants will also be able to enjoy a wide range of deposit products, term loans, CC, OD, bank guarantees, work order finance, LC along with a wide range of other banking facilitates offered by Prime Bank. Officials of both companies believe that this new initiative will improve the business growth and living standards of the associated MSMEs
On behalf of Prime Bank, the inaugural programme was attended by Syed M Omar Tayub, head of MSME Banking Division, Azizul Hoq, head of Products, Propositions and Specialized Business-MSME, Aminur Rahman, Unit head-Channel Support, MSME.
CEO Mr Arif Chowdhury and CSO Mr Zahid Shah from Shodagor.com along with others were present on the occasion.
