News

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

AlRaedah Finance Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. June 26, 2019 – AlRaedah Finance 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...
India SME Forum Helps SMEs Grow Their Business
SME Finance Forum member Grab, secures $1.46 billion from SoftBank Vision Fund. As Southeast Asia’s “leading super app” the company will use the funds to advance in areas such as, financial services, food delivery, parcel delivery, content and digital payments, according to the release. “We have been blessed with overwhelming shareholder support...
Member News: CDC Invests $15 Million in CCA to Support Nigeria’s Small Businesses
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,...
Member News: EIB to Support women-ran SMEs in Romania
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...
Member News: EIB Provides €30M Loan for Women Entrepreneurs in Ethiopia
SME Finance Forum member, the European Investment Bank (EIB), signed a new loan with the Ethiopian Ministry of Finance and Economic Cooperation “to further boost female economic inclusion and empowerment across the country.” Accordingly, the EIB will provide a €30 million long term loan to the Ethiopia Women Entrepreneurship Development Project (...
Member News: Gulf Bank in Deal to Finance Women in Mining Industry
SME Finance Forum member Gulf African Bank has signed a deal to finance women in the mining industry. The lender is partnering with the Association of Women in Energy and Extractives Kenya (AWEIK). Under the partnership, women who are interested in supplying items to mining industry players will submit their invoices to the mining, oil and gas...
Member News: EIB Signs Loan Agreement with CBA
SME Finance Forum member European Investment Bank signed a €50 million loan agreement with the Central Bank of Armenia (CBA) to finance SME projects in the areas of, exports, tourism, agriculture and processing of agricultural products. “The projects will push the local business towards competitive and sustainable development, at the same time...
IFC and Top Tech Firms Drive Economic Opportunities for Women
Under the new initiative, ‘Digital2Equal’ led by IFC, a sister organization of the World Bank and member of the World Bank Group, seventeen leading tech companies have joined together to support this initiative focused on increasing opportunities for women. The companies participating include: Airbnb, Inc., Google LLC, LinkedIn, Didi Chuxing...
Member News: OPIC Partners with IDB to Launch Gender-Focused Fund
SME Finance Forum member, Overseas Private Investment Corporation (OPIC) has collaborated with the and Inter-American Development Bank (IDB) Group to launch the first gender-focused fund for Latin America and the Caribbean. The investment, ‘Fund Mujer’ is for up to $200 million and will be made up of 30 percent debt and 70 percent equity,...
Member News: EIF and BGK Sign Agreement to Support Cultural and Creative Focused SMEs
SME Finance Forum member, European Investment Fund (EIF) and Bank Gospodarstwa Krajowego (BGK) will support Polish SMEs with 525 million zloty (around 125 million euros) of loans over the next three years, according to the article. The new agreement will benefit almost 3,000 SMEs in the creative and cultural sectors. According to the article,...