IFC began partnering with Bank Audi in 2015. IFC provided the company with detailed advice on how to launch a pioneering line of collateral-free small business loans—and since Bank Audi joined forces with IFC, it has disbursed 5,000 of these loans. The project is part of a larger effort by IFC to extend financial services to small businesses across the Middle East and North Africa (MENA), creating jobs and jump-starting growth along the way.
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