USAID’s Private Sector Development project signs MoU with HNB to expand financing to MSMEs

The U.S. Agency for International Development’s (USAID) Private Sector Development project signed a Memorandum of Understanding (MoU) with Hatton National Bank PLC (HNB) to expand financing to micro, small, and medium enterprises (MSMEs) in Sri Lanka.

“Partnerships like this can dramatically enhance economic and social impact more than any of us could achieve on our own,” said Reed Aeschliman, USAID Mission Director for Sri Lanka and Maldives.

“Through this partnership with HNB, we are fostering the next generation of successful businesses in Sri Lanka and ideally, helping families and communities thrive.” “Through this initiative, USAID’s Private Sector Development project will work with HNB staff to improve their skills in serving MSME clients by better understanding their unique needs and constraints. It will help HNB to develop products and processes that make it easier for MSMEs to get access to finance”.