All commercial banks, leasing companies and microfinance banks located in ECO Bank Member Countries can apply ECO Bank to be an intermediary bank for the M-SME Development Loan. Upon finalization of credit review, establishment of a credit limit and signing of the relevant loan agreement; financing will be available for the intermediary bank for their use.M-SMEs are requested to apply directly to one of the intermediary banks and financing institutions, which operate on national base. Requirements for application may vary according to the respective intermediary institution.
Conditions of financing (interest rate, tenor, grace period, loan period etc) are determined by the respective ETDB intermediary bank.
Lending decisions under these schemes remain with the financial intermediaries.