The Overseas Private Investment Corporation (OPIC), the US government’s development financial institution, signed a commitment letter for $125 million direct loan to Acleda Bank to support all sectors through microenterprises and small- and medium-size enterprises (SMEs), Acleda Bank said in a press release yesterday.

The finance diversifies the bank’s strategic funding sources and helps it support microenterprises and SMEs that need financial facilities to start or expand their businesses, as well as to leverage their revenues, it said.