News

Afghan Tech Entrepreneur Uses Bitcoin To Empower Women

Still today, millions of women throughout the developing world don’t have access to institutional financial services because cultural stigmas linger long after the laws on the books recognize women’s rights.

News

News

Facebook's #SheMeansBusiness Launched in Vietnam
Facebook has launched #SheMeansBusiness in Vietnam. The initiative will run in partnership with the Vietnam Women Entrepreneur’s Council (VWEC) and the Vietnam Chamber of Commerce and Industry (VCCI), which supports women entrepreneurs through investment and technology development, training and capacity building. Through a series of workshops,...
World Bank Project Expands Access to Finance for Women in Rural Mexico
To spur rural development, Mexico’s government and its Rural Financial Development Finance Institution (FND, Financiera Nacional de Desarrollo) approached the World Bank Group to help expand credit into the rural economy. FND works to strengthen local rural financial institutions to expand financial access to farmers and businesses and to...
Member News: Diamond Bank Partners with Women World Banking for Financial Inclusion
About 40 million people unbanked are in Nigeria, with 60 percent being women. As the most financially excluded, this partnership aims to bring more women into the financial system, especially how to make digital financial services work for low-income women. SME Finance Forum member Diamond Bank Plc, in collaboration with mobile telecomm network...
China Development Bank Announces Agreement to Aid African SMEs
China's Development Bank and Absa, a subsidiary of Barclays Africa, concluded a $100 million Special Facility Agreement to fund SME in Africa. The money will benefit Barclays Bank’s existing and prospective SME clients across the continent, according to Absa. The funding may be increased in the future to assist with new funding opportunities...
Survey Shows Late Payments Affect SME Cashflow
In partnership with BDRC Continental, Ultimate Finance conducted research into the impact of late payments on the SME sector. The figures showed that late payments cause cashflow problems for UK SMEs. The main political parties have said they plan to end the issue with legislation such as late payment reporting. Overall, 81 percent of SMEs state...
EIB, Banco Sabadell Sign Agreements To Help Finance Spanish SMEs
The European Investment Bank (EIB) and Banco Sabadell will provide EUR 800m to Spanish SMEs with the aim of supporting their investments and promoting the development of new projects, particularly in the services and industrial sectors. The EIB will grant a EUR 400m loan to Banco Sabadell, to which the Spanish bank will add an additional EUR 400m...
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...
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...
UK Government, Five Big Banks Sign SME Finance Deal
The UK cabinet has agreed to support SME financing in an effort to support export-oriented industries. Five major British banks (Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland and Santander) have partnered on the deal to provide more finance options to export-oriented, allowing the UK to boost export volumes, create new jobs and spur...
China SMEs Face Shrinking Profits, Increased Rates
Business activity in China’s SME sector weakened for the third straight month in June to hit the lowest in 16 months, a Standard Chartered survey tracking more than 600 Chinese SMEs found. Unemployment has increased and SME firms are expected to become unprofitable this year. It has become difficult for smaller businesses lacking strong collateral...