Articles

 4 Way to Propel Tech SMEs and Internet of Things in Latin America and the Caribbean

Tech Small and Medium Enterprises (SMEs) have a significant role to play in the IoT value chain by designing, integrating and adapting IoT solutions that respond to the re

Articles

Articles

 4 Way to Propel Tech SMEs and Internet of Things in Latin America and the Caribbean
Tech Small and Medium Enterprises (SMEs) have a significant role to play in the IoT value chain by designing, integrating and adapting IoT solutions that respond to the realities, ecosystem and needs of the region.
How digital technology has redefined MSME sector
The MSME sector is the backbone of Nigeria’s economy. Studies by the International Finance Corporation (IFC) show that approximately 96% of Nigerian businesses are Micro, Small and Medium Enterprises (MSMEs). Thanks to digital technology, it is worth noting that ecommerce platforms have so far played a key role in boosting and accelerating MSMEs...
Widening Access to Finance for Women Business Owners Could Unleash Huge Economic Potential.
When a woman wants to start or grow her own business, the odds of securing a business loan are heavily stacked against her. This affects women like Yeo from Ivory Coast, who was unable to take out a loan for her farming business because, as a woman, she did not own any land that the bank required as collateral. Data says 80 percent of women-owned...
$4.9 Trillion Small Business Credit Gap: Digital Models to the Rescue
CGAP estimates that there is a $4.9 trillion credit gap for micro and small businesses in emerging markets. But digital technologies are disrupting traditional means of delivering MSE finance. CGAP talked to some of the most interesting companies about these new business models and breaks down the findings for you in their latest blog and deck...
Should Digital Financial Services Providers Prioritize Open APIs?
Do open APIs make sense for your company? Which ones? This blog outlines a structured approach, taken by a CGAP partner, which allowed the team to develop a deeper understanding of the API product’s value and requirements and to ultimately get the buy-in it needs to develop and release a successful product. By following a five-step process and...
How fintech is setting Southeast Asia’s SMEs free
A lack of previous credit history creates a vicious cycle for SMEs. Loan applications with missing information are automatically rejected by formal institutions, which leads SMEs to again go back to informal sources of funding. To solve this problem, the question that needs to be tackled is: how can underwriting of SME loans be simplified, given...
Early Lessons from the CEO Partnership for Economic Inclusion - UNSGSA
A few months after the leaders of the CEO Partnership for Economic Inclusion (CEOP) met for the second time in Davos during the World Economic Forum (WEF) , we spent two days working with the companies’ advisors to advance the initiatives which have launched on the ground, and to come together to explore new ones. Rabobank, one of the 10 member...
How Fintechs Are Demystifying The Idea That It Is Hard To Lend To MSMEs
Jessica Alfaro, a Financial Sector Specialist at the SME Finance Forum, was the introductory speaker on the Corporate and Commercial panel at the Accenture Fintech Forum “What is Really Working” on May 13. This event was part of the FinTechStage Festival 2019 taking place over five days in Milan, Italy. Alfaro was joined on the panel by speakers...
Interview: Ceyla Pazarbasioglu on Financial Inclusion
Ceyla Pazarbasioglu spoke to Financial Times to discuss what she thinks of financial inclusion. She said it is the core mission of the World Bank, where she has been vice-president for equitable growth, finance and institutions since October of last year. In the Middle East and Africa, she says, fintech’s role in financial inclusion is seen as a...
Going Digital in Collections to Improve Resilience Against Credit Losses
Household debt is at an all-time high, delinquencies have been rising, and forward-looking macroeconomic indicators are softening. As a result, lenders are reexamining their capacities for handling delinquencies. Part of that reevaluation for heads of collections involves taking into account changes in the consumer landscape. For example,...