a) only be applied to SMEs which are bankable, financially sound and will be able to use the funds economically.b) only be applied to finance of SMEs domiciled in the territory of the ECO Bank member states. c) only be used by SMEs which comply with ECO Trade and Development Bank rules on sector eligibility and restrictions as defined in this document.
In addition to above final beneficiaries of the SME Development Loan will be filtered according to the negative list of products and sectors and the environmental policy of the Bank.
One of the ECO Bank's priorities is to support micro enterprises (M) and small and medium-sized enterprises (SME), which are critical for the economic and social development in the ECO Region. They play a major role in creating jobs and generating income for low income people.
ECO Bank works to increase access of M-SMEs to financial services in ECO Bank Member Countries by providing funding to banks and financing institutions focusing on SME financing.
M-SME Development Loan
M-SME Development Loan is developed to encourage intermediary banks and leasing companies to expand and strengthen their financing of M-SME operations in the Member States to support micro and small and medium-sized enterprises (M-SMEs) in line with the vision and the mission of the ECO Trade and Development Bank.
M-SME Development Loan can be utilised for the purpose of Export Financing (No destination limitation), Import Financing (From ECO Cooperation member states) and Working Capital needs of the small and medium sized companies as defined below.
||EUR 51,000-EUR 15,000,000|
Funds will be allocated M-SMEs according to above amounts and below requirements.