July 16, 2024

Banks: Unlock Opportunities with 6.8 Million CSMEs

Transform your business with Chamak. Save on transport costs, streamline inventory management, and engage customers effectively.

In Bangladesh, financing CMSMEs (Cottage, Micro, Small, and Medium Enterprises) has been a long-standing challenge for banks. Regulatory constraints, the need for collateral, and cumbersome paperwork often make these businesses out of reach. However, with Chamak as your partner, you can overcome these barriers and tap into the untapped market of 6.8 million unbanked businesses.

Chamak enables banks to provide trade financing without the risks typically associated with CMSMEs. How? Chamak takes full responsibility for collection and repayment. This means that while banks finance these businesses, Chamak ensures the recovery of funds, reducing risk to the bare minimum.

 

By partnering with Chamak, you gain access to a seamless, paperless process that streamlines operations and opens up new revenue streams. Chamak’s innovative platform identifies opportunities for safe and profitable lending, allowing you to expand your customer base without adding complexity to your workflows.

With millions of unbanked businesses in need of support, partnering with Chamak isn’t just a solution—it’s a strategic move to drive growth and innovation in Bangladesh’s financial sector. Don’t miss the chance to bridge the gap between unbanked businesses and financing, all while minimizing risk and maximizing impact.

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