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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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Terrence Teoh, SME Banking Head at Hong Leong Bank, Said SMEs Should Expand Search for Funding
Interview with Terrence Teoh, SME banking head at Hong Leong Bank, recently named the best SME bank in Malaysia by The Asian Banker. “For SMEs to expand, it is not only funding that is important,” said Terrence Teoh, the head of group SME banking at Hong Leong Bank Bhd (HLB). “Of course funding matters, but on top of that, how you collect your...
SME Finance Forum CEO Talks Financial Inclusion for SMEs at the WBAF Ministerial Roundtable
SME Finance Forum CEO, Matthew Gamser, recently explained why the G20 cares about financial inclusion (and has since its inception), and why SME access to finance always has been included in its work on inclusion. Gamser offered these insights at a plenary talk at the World Business Angels Investment Forum (WBAF) Ministerial Roundtable this week...
Study Talks Women and Venture Capital
IFC’s latest study shows that a more diverse panel of asset managers may be the key to bigger profits. Henriette Kolb, Head of IFC’s Gender Secretariat, said an ideal mix of at least 30 percent of women in an investment team can lead to substantially bigger yields for the company. BusinessWorld reports. “The median gender balanced fund...
Global Remittances Are On The Rise
Global remittances are expected to rise from $468 billion in 2010 to $667 billion in 2019 along with new investment channels bringing in an extra $73 billion a year in Commonwealth countries. Crowdfunding platforms have the potential to make a significant difference for SMEs in developing countries, however rules and regulations around...
How Social Enterprises Can Avoid Three Impact Investor Red Flags
Villgro president PR Ganapathy has met with hundreds of early-stage social entrepreneurs – and he's noticed that they keep making the same mistakes when seeking impact investing. As part of NextBillion's “Survival Guide for Raising Capital” series, Ganapathy shares three essential tips to help entrepreneurs avoid some common red flags when...
IFC and VCs Want To Take Emerging Market Microfinance To Mobile
Several venture capital firms are working with the International Finance Corporation (IFC). A member of the World Bank Group, the IFC is partnering with Chicago-based Victory Park Capital (VPC) to launch a new fund to provide debt to for online lending by fintech lenders in the developing world. The partnership aims to improve access to debt...
The Risk Of Playing Alt Lending’s Rate Limbo
PYMNTS.com interviews Quick.me CEO Ola Okeshola on how the access to capital for small businesses has dried up significantly since the Great Recession. While the challenge is easy to pinpoint, the solutions are harder to find, as FinTechs serving SMBs aren’t just looking to answer a series of questions that the market is still learning how to ask...
Executive Insights on Women Crowdfunding Campaigns
PwC and the Crowdfunding Center partnered on the “Women Unbound: Crowdfunding – Unleashing Female Entrepreneurial Potential” report last month. Referencing data collected by the Crowdfunding Center that analyzed 450,000 rewards-based crowdfunding campaigns, the report showed that women-led campaigns reached their funding target more often than...
From Hong Kong To India: P2P Lending Marketplace Monexo Wants To Make Getting Loans A Paperless Process
While in Hong Kong, Monexo gave loans against rental income and salary loans, in India the startup’s product portfolio consists of personal loans, professional loans, and loans to SMEs. SMEs would be forming a large base of customers given the government itself has estimated there’s a gap of $150 Bn loan requirement, says Mukesh Monexo co-founder.
Fundnel Goes Big. Investment Crowdfunding Platform Provides Access to Capital for ASEAN SMEs
Fundnel (pronounced like Funnel) is one of several investment crowdfunding platforms that have launched in Singapore over the past year. But even though there are a growing number of sites entering the internet finance space, Fundnel claims the title of Asia’s first collaborative fundraising platform for businesses and investors. While Singapore...