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Podcast: How to Lend Money to Strangers
Episode: Bridging the trade financing gap for Sri Lankan small businesses, with Lakshan De Silva (iLoan)
Description: Recycling is a good thing, right? Well, in that case, let me recycle this from yesterday’s show notes. Most consumers borrow to manage expenses. It’s different for SMEs, though, who often borrow to drive income. As such, being denied credit is not just about having their lifestyle curtailed, it’s about having the business growth, and sometimes even their business survival, put at risk.“When iloan launched back in 2018, the lending market in Sri Lanka was $5 billion, almost 40% was which was raised from loan sharks and individuals who have very dubious practice...