Impact of IPDC Finance Limited on small business entrepreneurs through Sheba. XYZ project

Abstract

IPDC Finance Limited is one of the well-known Non-Banking Financial Institutions (NBFIs) of the country and a diverse organization in the financial sector of Bangladesh. From the inception in 1981 to the current times, IPDC Finance limited has financed many economically viable projects in the country. With its determination to always be one step ahead of the competitors in the financial sector, IPDC Finance Limited has launched many financial products which reflect on the constant thrive for innovation of the company. IPDC Finance Limited has always undertaken projects which has sustainable effects in the economy and has been a pioneer in such activities. One of the key strategies of IPDC Finance Limited is developing the Small and Medium Enterprise (SME) sector of Bangladesh and offer solutions, which cater to the needs of the ever growing SME sector. With this motivation, Medium Market Enterprise (MME) Investment Team of SME Department of IPDC Finance Limited has become associated with Sheba. XYZ, an app based service provider, for the business development of its enlisted entrepreneurs. These entrepreneurs play a pivotal role in maintaining services at the highest level facilitated by Sheba. XYZ. The report aimed at reviewing and assessing the financial services provided by the Sheba. XYZ project, and the impact of the IPDC Finance Limited on the entrepreneurs of SME sector through introducing inclusive financial services using formal banking channel of the country. The assessment indicated that the Sheba. XYZ project has allowed IPDC Finance Limited to disburse 35 Term Loans more than BDT 21 Million. As a result of these Term Loans, small business entrepreneurs obtained access to formal financial services, as well as, significantly increased their business profitability and their business operational capacity.