The International Finance Corporation (IFC) recently signed a cooperation agreement with the Ministry of Plan and International Cooperation to lay the foundation for leasing facilities to increase access to finance for small-scale entrepreneurs for them to strengthen and expand their businesses. Leasing is an innovative financing solution for small and medium enterprises that often lack the credit history or sufficient collateral required by most banks to finance the necessary equipment to heighten productivity.
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IFC and Government of Chad Introduce Leasing to Help Small-Scale Business Sector Expand
Jun 18, 2014