IPDC inks with Delivery Tiger to provide loans to online entrepreneurs

IPDC has signed a Memorandum of Understanding (MoU) with Delivery Tiger to provide loans to small Facebook entrepreneurs on easy terms.

Delivery Tiger CEO Fahim Mashroor and IPDC Additional Managing Director Rizwan Dawood Shams were present at the signing ceremony. Top officials of the two institutions were also present on the occasion, said a press release received on Sunday.

Small online businessmen who have been delivering orders to online shoppers through 'Delivery Tiger' across the country can avail of business loans on easy terms without any collateral.

The minimum interest rate will be only 4 per cent.

Delivery Tiger has tied up with various financial institutions to grow the business of over 20,000 small entrepreneurs on its platform.

More than 10 financial institutions including BRAC Bank, UCB Bank, Shakti Foundation, and IPDC provide loans on easy terms to online entrepreneurs connected to Delivery Tiger's platform.

This year more than one hundred entrepreneurs have received short and long-term loans from these financial institutions.