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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.

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News

FSB Examines Effects of Post-Crisis Reforms on SME Financing
SME lending growth has resumed in recent years, and access to external finance for SMEs appears to have improved, particularly in advanced economies. The FSB (Financial Stability Board) has delivered a report to the G20 examining the effects of the post-crisis regulatory reforms on SME financing. The evaluation is part of a broader FSB examination...
FMO Entrepreneurial Development Bank Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. June 4, 2019 – FMO Entrepreneurial Development Bank (FMO) 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...
World Bank’s Executive Directors Select David Malpass 13th President of the World Bank Group
The Executive Directors of the World Bank today unanimously selected David R. Malpass as President of the World Bank Group for a five-year term beginning on Tuesday, April 9, 2019. The Board expressed its deep gratitude to Interim President Kristalina Georgieva for her dedication and leadership in recent months. The Executive Directors followed...
Member News: 4G Capital Welcomes Lord Currie to Board of Directors
March 25, 2019, London : The Board of 4G Capital announces the appointment of Lord David Currie, former chairman of the UK Competition and Markets Authority and current chair of the UK’s Advertising Standards Authority, as Non-Executive Director, with effect from 31 March. Lord Currie is a long standing government economic advisor and an advocate...
Member News: Ecobank Speaks on Their Female Entrepreneurs Initiative
SME Finance Forum member Ecobank recently shared information about their Female Entrepreneurs Initiative. Managing Director Ecobank Nigeria, Patrick Akinwuntan said, “Increasingly, we are seeing the change in the attitudes of women, and their economic viability as individuals and leaders in their fields. Their banking and financial services as a...
Member News: IDB Invest Increases Credit to SMEs in Panama
SME Finance mMember, IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group signed a loan of up to $29.25 million with Metrobank of Panama to increase financing to SMEs. The loan will improve the access of Panamanian SMEs to financial products and services. Furthermore, IDB Invest will facilitate a training...
Member News: Equity Bank in SME Advisory Deal with IFC
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...
IFC Discusses Improved Access to SME Finance in Lao PDR
IFC, a member of the World Bank Group is increasing access to SME finance in Lao PDR by fostering a business enabling environment and developing market solutions for serving SMEs. According to the release, SMEs make up 99 percent of total enterprises and over 80 percent of the workforce, however they are confronted with a financing gap of $1.2...
Member News: Diamond Bank Takes Home the Women’s Market Champion Award
SME Finance Forum member Diamond Bank was awarded the Women’s Market Champion award from the Global Banking Alliance for Women. Diamond Bank was chosen for its outstanding impact on women development and for providing them with holistic solutions that meet their needs, according to the article. “This award lends credence to the work that Diamond...
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...