News

EUR 820 Million for SMEs as EIF and ProCredit Double Support

The European Investment Fund (EIF) and ProCredit Group are providing an additional EUR 450 million to innovative small and medium-sized companies (SMEs). This brings a total of EUR 820 million to companies in eleven countries.

 

News

News

Rejection Rates For Irish SME Bank Credit Rise Despite Jump Of 32pc In Overall Lending
Ireland SMEs in manufacturing and the wholesale and retail sectors are experiencing strong growth with new lending in Q1 2017 reaching €3.6bn. However, the rejection rate on bank finance applications has increased from 11pc to 13pc over the year to March 2017, with rates for medium-sized firms continuing to drop but small and micro firms...
EUR 820 Million for SMEs as EIF and ProCredit Double Support
The European Investment Fund (EIF) and ProCredit Group are providing an additional EUR 450 million to innovative small and medium-sized companies (SMEs). This brings a total of EUR 820 million to companies in eleven countries. The EIF-backed financing is now available through ProCredit banks and targets companies using new technologies and...
Member News: IDLC Offers Innovative Products for Small Investors
SME Finance Forum member, IDLC Finance Ltd., has launched its first open end mutual fund named IDLC Balanced Fund. IDLC plan is to offer 10 innovative products such as venture capital and private equity and a similar one for small investors. IDLC Balanced Fund offers fund management through skilled Fund Managers mitigating investment risk...
People's Bank of China Calls Upon Fintech for Transaction Monitoring
The People’s Bank of China wants fintech firms to pitch in on a government-controlled monitoring system to watch over financial transactions on the internet. Sun Gouofeng, director of general of the Bank’s research institute says it is unfair for taxpayers’ money to cover the costs arising from heightened regulation on fintech businesses. Making...
Starbucks, USAID to Support Young, Women Coffee Farmers in Colombia
Skills training and technological tools will be provided to 1,000 young coffee farmers in areas of Colombia that were previously affected by conflict. The initiative was launched in partnership Starbucks and the United States Agency for International Development (USAID). This is one part of a range of measures which the coffee chain says forms...
Bank Windhoek ESME mentor program
One in five people in Nambia are employed in the SME sector and contribute over 12 percent to the gross domestic product. Bank Windhoek has experienced that in addition to financing, the major need of start-ups and small and medium businesses is mentoring. Mentorship guides SMEs on how to run a successful and sustainable business. As an SME...
Member News: OPIC Gives $150M to Yes Bank
SME Finance Forum member OPIC has arranged for private sector Yes Bank to receive $150 million funding from the U.S. government and Wells Fargo. Funding is meant to increase lending to support women entrepreneurs and small and medium-sized enterprises in India. This is the third round of funding to the bank as part of an arrangement with OPIC -...
Member News: BNP Paribas Forms Blockchain Consortium
SME Finance Forum member, BNP Paribas along with others, has launched Liquidshare, a venture aimed at exploring distributed ledger technology and its potential to disrupt small business lending. CASEIS, Caisse des Depots, Euroclear, Euronext and S2iEM are also part of the initiative, while Paris Europlace is reportedly providing support. The...
New World Bank Group Facility Commits $1B for Women Entrepreneurship
The Women Entrepreneurs Finance Initiative (We-Fi), the first World Bank-led facility to advance women’s entrepreneurship at this scale, will work to enable more than $1 billion of financing to improve access to capital, provide technical assistance, and invest in other projects and programs that support women and women-led SMEs in World Bank...
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