The UK supermarket's financial services arm and Nobel-winning Bangladehi development bank Grameen, will target the most impoverished Scottish regions from 2013 on.

This article titled “Tesco and Grameen Bank to provide microfinance in Scotland” was written by Mark King, for guardian.co.uk on Thursday 25th October 2012 16.13 UTC

Tesco Bank is to team up with microfinance specialist Grameen Bank to offer microloans to entrepreneurs in the most deprived areas of Scotland.

The supermarket bank said that the Grameen Scotland Foundation (GSF) will identify prospective entrepreneurs currently locked out of the financial system who would benefit from microloans – small loans charged at competitive rates of interest that require no collateral.

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