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Digitisation in Africa: Channelling Funding to SMEs

Proparco’s 10-year anniversary issue of the Private Sector & Development magazine focuses on SME finance in Africa.

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Articles

 IFC and Other Key Stakeholders Advise Government in Philippines on New Law to Support MSMEs
The IFC in partnership with the Department of Finance, the Land Registration Authority, Bangko Sentral ng Pilipinas, the Securities and Exchange Commission, the Department of Trade and Industry, various MSMEs and banking associations to construct a new bill to support MSMEs in the Philippines. The Personal Property Security Act (Republic Act No...
Alternative Lenders Bridge Gaps, Cater to Untapped Markets & Offer Great CX
Alternative lending is looking more attractive to SMEs working to find affordable funding solutions for their business. According to Medici, alternative lending is focused on commerce and not credit. For example, “PayPal offers working capital loans to small businesses that transact more than $20,000 within 12 months.” According to a report by...
Financial Inclusion for SMEs is at the Core of the Economy's Potential
Financial inclusions is one of the largest challenges SMEs face today. In part two of Dhaka Tribune’s “At the Core of Our Potential” series, banker, Tarique Afzal sheds light on why this area is restricted for SMEs. · Banks are more focused on urban-based lending · Banks are at times reluctant to delegate to rural branch levels · Lack of interest...
Development Bank of Nigeria CEO Tony Okpanachi Speaks on Addressing the MSME Finance Challenges
SME Finance Forum member Development Bank of Nigeria is working to aid in providing finance to MSMEs. Calling it a "nightmare," its Managing Director/Chief Executive Officer, Tony Okpanachi, was appointed in 2017 with the mission to alleviate the financing constraints faced by MSMEs and small corporates in Nigeria. The Sun says his job remains to...
Accountants Should Take Note of SMEs at Risk of Rising Interest Rates
As the UK’s near-zero interest rate era comes to an end, small businesses are exposed to rate rises. Marc Bajer, CEO of Hadrian’s Wall Capital, discusses why corporate finance teams in accountancy firms should take note. He says "As the UK’s near-zero interest rate era comes to an end, small businesses are exposed to rate rises. With another Bank...
How Digital Innovation Can Increase Small Business Access To Finance In Asia
Small- and medium-sized enterprises (SMEs) are a key contributor to economic activity around the world as an important source of jobs, growth, and innovation. Despite their essential role, SMEs receive a disproportionately small share of credit from the financial system, a trend that persists across developed and developing countries, including in...
The Digital Credit Revolution in Kenya: An Assessment of Market Demand, 5 Years On
Since the 2012 launch of M-Shwari, a mobile banking service which offers a savings account and access to digital credit, the market for digital credit has expanded rapidly in Kenya. Digital credit is now offered by the three largest Kenyan banks (Kenya Commercial Bank, Equity Bank, and Cooperative Bank), as well as a growing number of FinTechs and...
India's Economic Survey 2017-18
The Economic Times review of the Economic Survey 2017-18 says that the amount of credit or loans disbursed by banks amounted to Rs 26,041 billion as on November 2017, but 82.6% of this was pocketed by large enterprises. For millions of SMEs in the country, banks only lent out 17.4 % of the total credit. Learn more about the survey and how MSME...
The International Finance Corporation (IFC) hosted a discussion on the implications of the MSME finance gap for development institutions working on financial inclusion around the world. Learn more about the event here . This is the presentation of panelist Roland Michelitsch - Principal Specialist, Economics and Private Sector Development at Inter...
The International Finance Corporation (IFC) hosted a discussion on the implications of the MSME finance gap for development institutions working on financial inclusion around the world. Learn more about the event here . This is the presentation of panelist Helmut Kraemer-Eis, Chief Economist at European Investment Fund. View other presentations:...