Bangladesh SME Corporation Limited

Bangladesh SME Corporation Ltd. (BSCL) is an alternative finance company, focusing on bringing-to-market innovative finance & technology to strengthen micro, small and medium enterprises (MSME) sector. BSCL maintains an extensive database of MSMEs in Bangladesh by surveying and providing financial support, predictive analytics and value added services to entrepreneurs. This is done through facilitation of financing from formal and informal channels. BSCL was founded on the principal of inclusive growth through the private sector by a group of Wall Street veterans and local Bangladeshi partners. The BSCL team undertook extensive research and survey to identify the gaps in MSME financing in the country as well as the problems with available forms of financing. The absence of a robust risk assessment and monitoring infrastructure has made it difficult to appropriately gauge the risk of MSME lending resulting in high interest rates, stringent collateral or guarantor requirements as wel...