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What is a packaged loan?
5 1 experts from the fund project network will answer your questions: packaging financing is called letter of credit mortgage loan, which means that exporters receive letters of credit from abroad, and when they are short of funds when purchasing or producing export commodities related to this letter of credit in their own countries, they use this letter of credit as collateral to apply for working capital loans in local and foreign currencies from banks to meet the funding gap in the process of processing, packaging and transportation of export goods.