Articles

CreditEase CEO Ning Tang on How China’s Fintechs Serve the Underserved

CreditEase - an SME Finance Forum member - founder and CEO Ning Tang recently shared with Mckinsey his perspective on how fintech players, from both within and outside China, can capture the opportunity among small and midsize Chinese businesses and how artificial intelligence (AI) can help. The following commentary is adapted from that conversation.

Articles

Articles

Approach to Enterprise Support is Failing Africa’s SMEs
Despite providing immense financial support for the economy, SMEs still face a multitude of challenges and lack support. According to the article, 72 percent of all startup funding went into only three companies in the region (Africa) in the span of two recent years. Supply and demand are the causes inhibiting SMEs’ access to support. On the...
SMEs Encouraged to Join Value Chains
To increase competitiveness SMEs are urged to join global value chains. According to the article, lack of quality supplier-buyer relations with multinationals is hindering SMEs access to electronics global value chains. A World Bank report says only 300 Vietnamese firms are completely eligible to connect with the world’s production chains...
Partnerships with Fintechs Boost Competitiveness in Lending
Fintechs understand the importance of access to finance for SMEs and so do companies. With about 95 percent of SMEs contributing as much as 30 percent of the country’s gross domestic product and are employing about 60 percent of the country’s workforce, companies like First Circle are rising to the occasion. The company, which provides business...
SMEs Receive €475 Million in Loan Support from the European Union
The head of the EU delegation to Egypt, Ambassador Ivan Surkoš reported the European Union (EU), with support from European financial institutions will provide €475 million in loans to support SMEs. EU launched the ‘EU Facility for Inclusive Growth and Job Creation,’ which aims to provide an environment of business creation and economic...
Policy Considerations to Help SMEs Access Financing and Join Global Value Chains
Leora Klapper, Lead Economist, Development Research Group, World Bank and Natascha Beinker, Co-Chair G20 Global Partnership for Financial Inclusion (GPFI) and Co-Chair GPFI SME Finance Subgroup, German Federal Ministry for Economic Cooperation and Development (BMZ) co-author an article on how SMEs need financial help to meet sustainability...
The Rise of Small Entrepreneurs in India
Lead economist at the World Bank, Ejaz Ghani, pens a blog on the rise of SMEs in India. SMEs account for over 95 percent of establishments and over 80 percent of jobs in the manufacturing sector in India. They are becoming increasingly prevalent and affect everything from poverty levels and shared prosperity to the allocation of activity in the...
Online Lenders Are Innovating With Purchasing Cards
Remaining competitive in an ever-growing marketplace can be a challenge for lenders. Experts say, cost of funds remains high from upmarket lenders and margins are thinning by the day. Yet consumers and small business borrowers are demanding faster underwriting and quicker speed to funding, and investors continue to demand record-breaking quarterly...
Unlocking business opportunities for SMEs through global value chains
Labor productivity in developing Asia has been slowing down since the global financial crisis. Declining global capital flows will gradually reduce capital accumulation in developing Asia, and as more Asian countries see an end to their population bonus, labor force accumulation will eventually diminish. Enhancing labor productivity is thus...
Banks begin value-chain financing in Pakistan
AFTER the launch of agricultural value-chain financing last October, banks have begun using this tool to boost their risk-mitigated lending to the agriculture sector. But the journey seems to be long and arduous. Right now, the bulk of value-chain financing (VCF) is concentrated in crop-growing and animal farming, as it is easier for banks to...
To me, this is the best way to get a boost from the WEF...I'm not at Davos, but I can blog through our kind friends at Davos...see the link attached! matt