Publisher: United Nations Capital Development Fund (UNCDF)
Hong Kong Alt-Lender Oriente Raises $50m as It Looks to Step up Efforts in a Highly Competitive Sector
Oriente will use the money to boost its growth in existing markets and further new developments in places like Vietnam.
The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.
IFC Loans to Vietnam Prosperity Bank and Oriental Bank to Boost Finance for Local Businesses Amid COVID-19, Support Economic Recovery
The aim of the additional financing is to help local businesses with disrupted cash flows sustain operations and maintain jobs.