What does SMFDB mean in COMPANIES & FIRMS
Summit MicroFinance Development Bank Ltd (SMFDB) is an agricultural development bank that provides microfinance and support services to rural communities in Bangladesh. It was established in 1996 with the goal of providing small loans to farmers, as well as extension and training services.
SMFDB meaning in Companies & Firms in Business
SMFDB mostly used in an acronym Companies & Firms in Category Business that means Summit Micro Finance Development Bank Ltd.
Shorthand: SMFDB,
Full Form: Summit Micro Finance Development Bank Ltd.
For more information of "Summit Micro Finance Development Bank Ltd.", see the section below.
Essential Questions and Answers on Summit Micro Finance Development Bank Ltd. in "BUSINESS»FIRMS"
What services does SMFDB provide?
SMFDB provides microfinance and support services to rural communities in Bangladesh. This includes support through issuing small loans to farmers, as well as providing extension and training services.
Where is SMFDB located?
SMFDB is located in Bangladesh.
Who can access SMFDB's services?
Rural communities in Bangladesh are able to access SMFDB's services.
When was SMFDB established?
SMFDB was established in 1996.
What is the goal of establishing SMFDB?
The goal of establishing SMFDB is to provide financial assistance and support services to rural communities in Bangladesh through issuing small loans, providing extension and training services.
Final Words:
Summit Micro Finance Development Bank Ltd (SMFDB) has been providing its supportive microfinance service for over twenty years now with its sincere commitment for betterment for Bangladesh's rural farming communities with their loan issuance and other necessary financial supports like training, etc. It has worked towards alleviating poverty among farming communities by providing them financial assistance for their agricultural activities so that they can sustain their livelihoods. Thus, SMFDB remains committed towards an equitable economic development for all.