DFC loan supports women-owned enterprises through SeABank

The loan will also be used to support small and medium-sized enterprises (SMEs), and to address the climate crisis, according to a loan agreement signed by the two financiers.

DFC's loan will help to enhance SeABank’s financial capability as it seeks to implement its planned projects, with a specific focus on addressing the credit gap for women-owned and women-led corporations, SMEs, and dealing with the difference between market demand and supply in the economy.

The US International Development Finance Corporation is an independent development finance institution led by the US Government. DFC partners with the private sector in order to provide finance support and solutions for a range of projects which have great economic potential and new economical tools that enable it to grant loans and offer reasonable credit solutions.

DFC invests across a range of sectors, including energy, healthcare, critical infrastructure, and technology. It especially provides financial solutions for small businesses and women entrepreneurs in order to create jobs in emerging markets.

SeABank is the only financial institution in the country that has received DFC’s loan. According to SeABank, the loan agreement highlights the bank’s commitment to the sustainable development strategy.

SeABank's growth and prestige have further increased following Moody's decision to raise the bank’s credit ratings. This year the bank won Vietnam National Brand 2022 by the Ministry of Industry and Trade and was among the Top 1000 World Banks by The Banker.