OCBIF signs financing MoUs with four partners under SAJIDA Foundation
Orange Corners' OCBIF signed MoUs with Shahjalal Islami Bank, CDIP, SDC and Beyond S Ventures to expand financing for growing businesses.
Staff Correspondent
SAJIDA Foundation’s Orange Corners Bangladesh Innovation Fund (OCBIF) has signed MoUs with four organisations to create more financing pathways for growing businesses, Orange Corners Bangladesh said on Facebook on 5 November.
According to the post, the partners are Shahjalal Islami Bank PLC, CDIP, Society Development Committee (SDC) and Beyond S Ventures. Each partnership brings a different form of support—from SME financing and microfinance to rural lending and working capital advances. Current and former OCBIF portfolio companies will have more ways to explore financing that fits their needs, it said.
OCBIF is led by SAJIDA Foundation with support from YY Ventures. It is an investment-readiness and financing facility for early-stage, impact-driven businesses. The photo with the post shows an MoU signing with CDIP; the screen date reads 16 July 2024, so it may be an archive image rather than a joint signing of all four MoUs.