Articles

Banque du Caire CEO Shares Their Strategy for SME Financing

Banque du Caire has embarked on a five-year transformation strategy that includes regional expansion, strengthening its digital platform and boosting SME financing and financial inclusion. This interview with the CEO Tarek Fayed, shares how the bank is expanding its SME loan and microfinance portfolios.

Articles

Articles

Cybersecurity for Mobile Financial Services: A Growing Problem
Mobile phones are helping millions of low-income customers to access financial services for the first time, but they are also exposing them to new cyber threats they could never have imagined. The Serianu 2017 Africa Cyber Security Report estimates that cybercrime in mobile-based transactions costs businesses $140 million per year in Africa. Why...
Widening Gender Gap May Affect The Future of Cryptocurrency
In the G7 Executive Talk Series briefing report, the critical role of women in the cryptocurrency sector is examined. According to the report, 95 percent of males are bitcoin users while on five percent are females. One key element explaining the cause of this imbalance is due to the psychological theory that men take more risks than women,...
Mobile Money Offers Africans a Financial Future
For years, traditional banks shied away from serving many Africans because of the costs of physical branch expansion and the risks associated with serving low-income people. Small entrepreneurs found it particularly hard to access credit as they often lack the required collateral or credit history. But the launch and growth of digital financial...
MES & DAK Bring Business to MSME
The Banker Africa features fintech developer MES & DAK Corporation, which is not targeting the big companies, but rather focusing on the micro SME (MSME) and SME sector to help bridge the $380 billion credit fiancing gap in the Africa and Middle East region for SMEs, and provide business and financial consultancy services thorough a mobile app...
Beyond Microcredit: Why Tackling Poverty Requires More Than a Loan
Microfinance is a $92 billion industry , with more than 100 million borrowers in more than 75 countries around the world. But as regular readers of NextBillion know, it is no silver bullet to poverty, and previously held assumptions that extending microloans to impoverished people is a sure path out of poverty have been challenged. Microcredit...
Recommendations for Crafting a MSME Policy in India
Micro, Small and Medium Enterprises (MSMEs) continue to be citadels adorning the industrial map of India. The recommendations of Dr Prabhat Kumar Committee hold promise for unveiling a new chapter in the Indian business ecosystem for crafting a MSME policy. An enabling and integrated MSME policy for well-functioning and sick MSMEs will provide...
How to Get Collateral Free SME Loans in India
The inability to provide collateral has been a major hindrance for small and medium enterprises (SMEs) seeking loans to fund their working capital needs, finance their expansion or take advantage of growth opportunities. Although the government has been taking steps to provide the necessary financing to SMEs, traditional lending institutions offer...
APEC 2015 has SME and women's economic empowerment as priorities
see the attached opening speech of the Ambassador at the Symposium on APEC 2015 Priorities, at which I spoke today. Other speakers from the Philippines and APEC emphasized the importance of reaching out to women entrepreneurs. The US Department of Commerce senior official who's taken over the chair of the APEC SME Working Group for 2015/16 plans some exciting meetings on global supply chains, too. with Turkey and the G20/B20 agenda also with a strong SME focus, looks like it's going to be a busy year for the SME Finance Forum! matt
Turkey posts its G20 priorities, and SMEs are high on the list
Please see the link for the official announcement from the Turkish government. 2015 should be a very exciting one for SME finance and SME development. Turkey has been a leader in the SME agenda of the G20 since its inception, and has served as co-chair of the SME finance subgroup since SME finance became a priority for the G20 in 2009. As a technical partner to the G20's Global Partnership for Financial Inclusion, the SME Finance Forum looks forwarding to supporting the Turkish agenda during this coming year. Our readers may also see that Turkey will be forming a new global body to represent SMEs' own interests during 2015. Unfortunately the working name for this entity is "SME Forum", which risks some brand confusion, for obvious reasons!. We'll also be working with our G20 colleagues on this, hopefully with some resolution that helps build and grow this very worthwhile complementary institution, while avoiding too many cases of mistaken identity. matt
Reforming the collateral framework in developing countries
In summary, our study shows that reforming the collateral framework in order to allow firms to use movable assets as collateral can have significant effects on access to credit and real economic activity. We believe our results are markedly important for policymakers in developing countries, who do not have control over collateral values or their supply in secondary markets, yet can alter collateral menus as a way to enhance financial contractibility.