Articles

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.

Articles

Articles

 LendIt+Podcast Interview with Kabbage
The cofounders of Kabbage -- CEO Rob Frohwein, and president Kathryn Petralia were interviewed at 2019 LendIt conference , who shared how they’ve built a company that has extended $6 billion in credit to 165,000 people in the United States. Read more here
Picture via World Bank
Lending practices in most of the developing world, where wealth concentration in movables can be even greater, is disproportionate with concentration on immovables as the sole type of eligible collateral, most often due to inadequate legal and institutional protections available. To find clarity and a potential solution to this challenge, the...
Photo Credit Accion - Alaba International market in Lagos
This interview to 22 small business owners who are clients of Accion Microfinance Bank (AMfB) to learn more about their financial health and capability is part of a research to develop a framework to help MSMEs better understand and achieve financial health. This project was done with the support of the Mastercard Center for Inclusive Growth to...
Picture via Gomedici.com
The future of the banking ecosystem will extend well beyond financial services. The key pillars of a bank in the future will be data, API, AI&ML, a cloud-based platform, cybersecurity, and controls & compliance. Read more here . Article by GoMedici.com
5 things that matter about Indian SMEs via Nisha Ramchandani
For India to gain double digit growth figures going forward, its micro, small and medium enterprises (MSMEs) will have a prominent role to play in employment generation, exports, skilling and making the sector more formalised. MSMEs contribute 33% to India’s GDP and employ 11.7 crore people (that is 40% of India’s workforce). This snapshot of a...
via South China Morning Post
With initiatives coming from both public and private sectors, including traditional institutions and fintech start-ups, SMEs stand to gain from fintech initiatives within the next few years. Those that make the move to digitize their businesses will be able to capitalize on these new products and solutions to improve their business performance...
Image: REUTERS/Eloisa Lopez
The Philippine economy in particular has been consistently growing by 5.3% per year, driven by favourable economic conditions and strong macroeconomic fundamentals. However, this promising growth can only be achieved sustainably and inclusively if roadblocks currently faced by the lifeblood of the country’s economy - its small and medium-sized...
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...
The Future of Banking
The journey from unbundling to rebundling and back has been a formidable one. Emerging technologies and the pace of innovation are driving changes throughout the banking industry at an unprecedented rate. From Asia to Europe, U.S. to Africa, and Australia to the Middle East, consumers are not only increasingly adopting digital – most are demanding...
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. “We are planning to offer our clients a well...