News
Feb 13, 2019
Washington, D.C. February 12, 2019 – CashDirector 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...
Feb 12, 2019
Reports say the IFC is offering technical advisory services to Equity Bank, an SME Finance Forum member, with the aim of helping the lender to better serve its base of small and medium-sized (SME) customers. “This is a banking advisory services project with Equity Bank Kenya Ltd and is designed to increase Equity Bank efficiency to serve its SME...
Feb 05, 2019
Washington, D.C. February 5, 2019 – Ukrgasbank 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...
Jan 29, 2019
Washington, D.C. January 29, 2019 – 4G Capital 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...
Jan 28, 2019
Proshare shared results of the Development Bank of Nigeria, that hosted a year-to-date business presentation on its activities since inception. Those results include N31.364bn Spent in 2018 on MSMEs and 35,000 MSMEs End-Borrowers Benefitted in 2018, among other accomplishments. Established in 2017 the Development Bank of Nigeria is regulated by...
Jan 24, 2019
Washington, D.C. January 24, 2019 – BASIX – Sub-K (Sub-K) 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...
Jan 22, 2019
CDC, the UK’s development finance institution, has announced a new investment designed to support high-growth SMEs in Nigeria. CDC has made a US$15 million commitment to CardinalStone Capital Advisors Growth Fund (“CCA”). CCA is a first-time, Nigeria-focused fund that targets SMEs across six sectors: agriculture, industrials, FMCG, healthcare,...
Jan 17, 2019
SME Finance Forum member, The European Investment Bank (EIB), is lending EUR 22.3m to Garanti Bank Romania to support businesses in Romania. EUR 5m of the loan amount is devoted to female entrepreneurs, matched by another EUR 5m from Garanti Bank. This transaction is backed by the European Fund for Strategic Investments (EFSI), the financial...
Jan 17, 2019
SME Finance Forum member The Overseas Private Investment Corporation (OPIC), an agency of the U.S. government that facilitates investment by U.S.-based firms in developing countries, recently loaned Banco Regional SAECA USD $138 million for on-lending to small and medium-sized enterprises in Paraguay. A portion of the loan proceeds are intended to...
Jan 16, 2019
Washington, D.C. January 29, 2019 – Morocco Credit Guarantee Corporation (CCG) 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...