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Member News: Mastercard and Zoho Expand Partnership to Benefit Small Businesses

The expansion of the partnership between Mastercard and Zoho will benefit smes. According to Mastercard, small businesses around the world will have access to a comprehensive array of products and services.

News

News

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...
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...
Member News: EIB Provides €100 Million Loan to Crédito Agrícola to Support SMEs
SME Finance Forum member, European Investment Bank (EIB) will supply €100 million loan to Crédito Agrícola (CA) to support access to credit for SMEs in Portugal. A total of €200 million will be available for SMEs due to CA matching EIB’s funds of €100 million. According to the release, EIB will finance up to 100 percent of the total project cost...
Sinapi Aba Trust Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. October 23, 2018 –  Sinapi Aba Trust (SAT) 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...
Experts Join CREM and SMEDAN to Chart New Course for SME Funding in Nigeria
A business forum in Lagos, conducted by Centre for Research in Enterprise and Action in Management (CREM) examined the journey of SME funding in Nigeria. Noel Ihebuzor, Phd, Dean of CREM shared the factors inhibiting SMEs from receiving funds to grow. They include: Unfavourable government policy Improper implementation Accessibility obstacles...
Minister Ng Meets With Small Business Owners in British Columbia
The Minister of Small Business and Export Promotion, the Honourable Minister Ng, met with business owners in British Columbia to learn about the trials and triumphs encountered by SMEs when doing business. While there, Minister Ng announced she will provide $3.5 million in funding to support British SMEs through the Canada Summer Jobs Program...
IFC helps financing of SMEs in Argentina by funding BIND Banco
IFC will provide $55 million to BIND Banco Industrial to increase the bank’s lending to SMEs in Argentina. The funds will allow BIND to offer SMEs longer-term financing options. According to the article, even though SMEs are essential to job creation and growth, “more than 70 percent of Argentina’s SMEs have difficulties accessing financing.” “...
Member News: EIB signs €375 Million Financing Agreement to Support SMEs
SME Finance Forum member, the European Investment Bank (EIB) signed a financing agreement worth €375 million with the National Bank of Egypt to fund SME investments. According to a release by EIB, the agreement is in line with the Economic Resilience Initiative, which promotes financial inclusion and the creation of sustainable employment...
IFC Highlights South Africa Investment Opportunities to Support Jobs, SMEs, and Women
IFC committed to expand support for initiatives in South Africa that help address persistent challenges in job creation, especially for young people and women. In a speech to government officials and business leaders in Johannesburg, IFC CEO Philippe Le Houérou said IFC is ready to deliver expertise and new ideas that support policies aimed at...