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SMALL MATTERS. Global evidence on the contribution to employment by the self-employed, micro-enterprises and SMEs
This report, by the International Council for Small Business (ICSB) and the International Labour Organization (ILO) , examines worldwide evidence of the contribution that the selfemployed and enterprises of different size classes make to total employment. A key finding is that, globally, the self-employed and micro- and small enterprises account...
ICIC Report
In a new report, the Initiative for a Competitive Inner City (ICIC) shows how important small businesses are as job creators in 10 of America’s largest cities and their under-resourced inner cities. Small businesses are the backbone of urban economies, providing critical jobs for local residents. This report offers compelling data on the jobs...
How Loans to Small Businesses Are Changing Lives in Lebanon
IFC began partnering with Bank Audi in 2015. IFC provided the company with detailed advice on how to launch a pioneering line of collateral-free small business loans—and since Bank Audi joined forces with IFC, it has disbursed 5,000 of these loans. The project is part of a larger effort by IFC to extend financial services to small businesses...
Member News: Access Bank has concluded the first phase of a Facebook programme to empower women in SMEs
Member News: Access Bank, in partnership with She Leads Africa, has concluded the first phase of a Facebook programme aimed at empowering women in SMEs on how to leverage digital platforms to drive growth in their businesses. The training, aimed at scaling up the skills of small business owners to take advantage of the captive market on social...
2019 Amazon SMB Impact Report
In total, there are more than 1.9 million businesses, content creators, and developers in the U.S. using Amazon products and services to follow their dreams and reach customers. This second annual Amazon SMB Impact Report takes a deeper look at how small businesses are benefiting from Amazon’s tools and services. The results are striking: SMBs...
Sathapana Bank Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. April 16, 2019 – Sathapana Bank became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses worldwide need financing...
Increasing the Role of Fintechs for Financial Inclusion
Financial inclusion and its role in economic development was highlighted at the G20 meetings in 2017 and again in 2018. Small and medium-sized enterprises (SMEs) have been shown to account for the creation of significant numbers of new jobs, but an estimated two billion people around the world lack access to an account for even the most basic...
Mind the Gap & Fix the Mix: Gender Equality in Private Equity
With more than $3 trillion in assets under management—nearly $800 billion of which is allocated to emerging markets—private equity can be a powerful source of financing, especially for innovative businesses that cannot access bank loans or capital markets. Investors and funds with stakes in these privately owned companies not only help them expand...
Video: Mind the Gap & Fix the Mix: Gender Equality in Private Equity
IFC’s new report— Moving Toward Gender Balance in Private Equity and Venture Capital . The report, launched on March 7, 2019 is a collaborative effort of IFC, investment firm RockCreek, and management consulting company Oliver Wyman, with support from the Government of Canada. The study explores the link between financial returns and gender...
The Unseen Sector: A Report on the MSME Opportunity in South Africa
Building small businesses that contribute to the economy and create jobs is one of South Africa’s biggest development opportunities. Small enterprises employ between 50 and 60 percent of South Africa’s work force and contribute around 34 percent of GDP. However, the small business sector has been relatively stagnant over the last decade, and only...