News

World Bank Group, Switzerland, and Ukraine Roll out Innovative Financial Tool to Support Small Farmers

The World Bank Group, in partnership with the Swiss and Ukrainian governments, is rolling out a new financial instrument – crop receipts – across Ukraine to expand access to finance for small farmers, boosting agricultural productivity and supporting economic growth. 

News

News

World Bank Group, Switzerland, and Ukraine Roll out Innovative Financial Tool to Support Small Farmers
The World Bank Group, in partnership with the Swiss and Ukrainian governments, is rolling out a new financial instrument – crop receipts – across Ukraine to expand access to finance for small farmers, boosting agricultural productivity and supporting economic growth. Crop receipts are a pre-harvest financial instrument, successfully used in a...
Small Business Loan Approval Percentages Hit New High Mark at Big Banks in January 2018
New Year starts strongly for small business lending as approval percentages and volume of loan requests increase. Business loan approval rates for big banks (25.3%) hit another new high last month, according to the latest Biz2Credit Small Business Lending Index TM (January 2018 figures). The monthly analysis examined more than 1,000 small business...
Member News: Xero Makes Getting Paid Easier with New ACH Payment Integration through Stripe
SME Finance Forum member Xero, announced the next phase of its partnership with Stripe, enabling Xero customers to accept Automated Clearing House (ACH) bank transfers via its integration with Stripe. With the availability of ACH payments, Xero’s more than 1.2 million subscribers have yet another way to get paid quickly, safely and securely. “Our...
IFC Provides $77 Million to Support SMEs in Indonesia
IFC announced a $77 million senior loan facility to PT. Indosurya Inti Finance (Indosurya), a local multifinance company. The IFC-led financing package aims to bolster the country’s small and medium enterprises (SMEs), which serves as the engine of job creation and economic growth. With financial institutions focusing on the largest and the...
France’s Alternative Finance Grows by 50%
Crowdfund Insider reports that the annual Alternative Finance & Crowdfunding Barometer compiled by KPMG for the French Crowdfunding Association (Financement Participatif France, FPF) shows that in 2017 the French Alternative Finance market grew by 50 percent, driven by SME lending growth, and came close to the billion euro mark, at €940...
Member News: Bitbond Launches SME Lending AIF for Professional Investors
1741 Fund Management and global SME marketplace lender Bitbond today announced the launch of a new Alternative Investment Fund (AIF). The fund gives professional investors access to the performance of a diversified portfolio of small business loans that are originated through the Bitbond SME lending platform. Direct debt investments into SME loans...
Member News: Xero, DBS to help SMEs Simplify Bill Payments
SME Finance Forum member Xero, along with DBS, have expanded their partnership to help SMEs simplify bill payments by launching an industry-first online payments solution to help start-ups and SMEs manage their cashflow needs better. The DBS-Xero payment solution addresses payment problems among SMEs caused by finance-related concerns such as cash...
Member News: Standard Chartered Creates Fintech Investment Unit
SME Finance Forum member Standard Chartered has established a new business unit, SC Ventures, to lead digital innovation across the Group, invest in fintechs and other start-up companies, promote rapid testing and implementation of new business models. SC Ventures will be led by Alex Manson, most recently Global Head of Transaction Banking, and...
Member News: BPI Looking to Raise P50B from Rights Offer
SME Finance Forum member Bank of the Philippine Islands (BPI) said it looks to raise P50 billion through a stock rights offering to finance expansion. According to the Manila Times, BPI said in a disclosure that the proceeds from the stock rights offer would finance a plan to accelerate lending activities across the consumer, small and medium...
Netherlands Development Finance Company (FMO) Donates $211k to Incofin Investment Management of Belgium to Renew Capacity Development Facility
Incofin Investment Management, a Belgian fund management company, and the Netherlands Development Finance Company (FMO), a public-private development bank founded in 1970, recently signed the fourth capacity development agreement stemming from their partnership that was launched in 2008 to strengthen a total of 14 microfinance institutions (MFIs)...