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Women play a significant role in the development of our economy but are one of the most vulnerable groups impacted by unprecedented events. The ongoing pandemic has heightened the need to address the gender finance gap in societies around the world and drive initiatives to support them in achieving financial independence. We’re proud to see our...
Wandia Gichuru, CEO, Vivio
As 2020 started, Wandia Gichuru’s eyes were set on a 40% revenue growth on her business from the previous year. Wandia is Founder and Owner of Vivo, a manufacturer and retailer of women’s clothing with 14 shops throughout Kenya. Little did she know that only a few months later the world would go into a rare lockdown which would make even matching...
African man with a mask working a workshop
This blog has been originally posted on the World Bank Blogs website . Two months from now, about 200 million people will be out of jobs due to the economic effects of the coronavirus (COVID-19). The disruption of supply chains and reduction in demand are impacting businesses’ cash flows and profitability—in some cases permanently. To avert a...
Cover of publication with title and colorful images
This third edition of the Credit Reporting Knowledge Guide, like the two earlier editions, disseminates knowledge on best practices in credit reporting development, based on the experiences of the World Bank Group. Since the launch of the program, the World Bank Group has helped to develop favorable credit reporting environments in many countries...
Launching a New Fireside Chats Series
The SME Finance Forum's "Fireside Chat" is a new series of one-on-one interviews with CEOs, senior executives of financial institutions and technology companies as well as financial sector regulators. The series focuses on a wide range of critical issues that matter to development and growth of MSMEs around the world. The invited guests will share...
Logo of founding members
On the 5th Anniversary of our network, we thank our founding members for their invaluable support SMEs play a pivotal role in building economies and supporting job creation and innovation – yet most struggle to get the financing they require to grow. This is why the G20 countries, in the aftermath of the global financial crisis, decided to create...
Member News: Banking Circle improves payments transparency with 'payments on behalf of'
Member Banking Circle announced on September 9th, 2020 that it is tackling the compliance and reconciliation issues often faced in global B2B payments with its new Payments on Behalf of (POBO) and Collections on Behalf of (COBO) solutions. Available globally through SWIFT, Faster Payments, CHAPS, SEPA and local clearing, the Banking Circle POBO...
Social media card welcoming new member Rong360 to 200 membership network
Washington D.C., September 17th, 2020 - We welcome Rong360 Jianpu Technology (NYSE:JT) to the SME Finance Forum global membership network. Our network consists of SME financing leaders from around the world who come together to share knowledge, spur innovation, and promote the growth of small and underserved businesses. “At SME Finance Forum we...
Member News: AfreximBank joins the SME Finance Forum as the 200th member of our global membership network.
Washington D.C., September 15th - AfreximBank joins the SME Finance Forum as the 200th member of our global membership network. Our members are SME Financing experts from 190+ countries who share the common goal of expanding access to finance to small businesses worldwide, through knowledge exchange and innovation. “40 percent of small and medium...