United Finance partners with IFC to expand housing and SME financing

United Finance has entered into a strategic partnership with the International Finance Corporation (IFC) to strengthen its capabilities in affordable home loans and SME financing in Bangladesh.

The agreement was signed at United Finance’s Head Office in Dhaka, says a media release.

Mohammad Rafiqul Islam, managing director of United Finance PLC, and Mehdi Cherkaoui, regional upstream and advisory manager, South Asia, Financial Institutions Group (FIG), inked the deal on behalf of their respective organisations.

Mr Rafiqul Islam said, “Our future growth hinges on empowering consumers—particularly in affordable housing and small businesses. United Finance is committed to reorienting its resources and sharpening its focus on these two priority sectors over the next five years. IFC’s global expertise and proven strategic insight will significantly strengthen our efforts.”

The signing ceremony was graced by distinguished representatives from both IFC and United Finance.

From IFC, Partha Guha Thakura, Country Anchor for Bangladesh, Bhutan & Nepal (Upstream and Advisory, FIG), Md. Rezwanur Rahman, Investment Officer (FIG), and Mushtari Manzoor, Associate Operations Officer (Upstream and Advisory, FIG) were present.

Representing United Finance were Mohammed Abul Ahsan, Deputy Managing Director, and Lingkon Mondal, Chief Financial Officer, along with other senior officials from both organisations.