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Q-Lana Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. March 19, 2019 –  Q-Lana 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.  

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Member News: Spartan SME Finance Secures Funding
SME Finance Forum member, Spartan SME Finance, has secured a R100-million investment from The SA SME Fund to anchor its R600-million debt financing fund, with half of the investment or R50-million, to be channelled to black African owned businesses, Ventureburn reports. The funding will be immediately available to Spartan SME Finance to boost its...
Member News: BRAC Bank Wins Award
SME Finance Forum member BRAC Bank won the “Most Innovative SME Bank” award from International Finance Publications Ltd. BRAC Bank’s head of SME banking, Syed Abdul Momen, formally received the award from Sunil Bhat, director, International Finance, at the International Finance Awards 2018, held at Grand Hyatt Erawan Hotel in Bangkok, Thailand on...
Member News: EIF Helps Baltic Small Businesses Meet Their High-Growth Potential
SME Finance Forum member, The EIB Group, is committing resources from the Baltic Innovation Fund, a Fund-of-Fund initiative launched with the Governments of Lithuania, Latvia and Estonia in order to boost equity investments made into Baltic small and medium businesses with high growth potential. “We are pleased with the successful completion of...
Member News: Development Bank of Nigeria Share Results of Commitment to MSMEs
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...
China Moves to Ramp Up Lending to SMEs
Aiming to further support the development of the real economy, optimize the liquidity structure and lower financing costs, the People’s Bank of China (PBC) has decided to lower the required reserve ratio for financial institutions by 1 percentage point, 0.5 percentage point of which will be cut on January 15, 2019 and a further 0.5 percentage...
Federación de Cajas de Crédito y de Bancos de Los Trabajadores Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. December 18, 2018 –  Federación de Cajas de Crédito y de Bancos de Los Trabajadores (Fedecrédito) 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...
Member News: Nova Credit Founder Shares Finance Advice in Forbes 30 Under 30
Business Insider asked Forbes 30 Under 30 finance superstars to share their best career advice for young professionals. Loek Janssen, 29, cofounder and CTO of Nova Credit - a SME Finance Forum member - started for a Stanford graduate research project. It's gained rapid adoption since then. Now, the startup has raised $20 million to-date and is...
Video: Head of Emerging Business at Diamond Bank Discusses SME Clinics in Nigeria
SME Finance Forum member Diamond Bank’s Head of Emerging Business Ayo Olojede, sits down with CNBC Africa to discuss the challenges SMEs face and how the SME Clinics in Nigeria are providing services to solve these issues. The most prominent issue SMEs are facing is access to finance, according to Olojede. There are challenges around interest...
Member News: QDB Launches The ‘Qatar National SME Definition’
SME Finance Forum member, Qatar Development Bank (QDB) launched the ‘SME Definition’ in partnership with the Ministry of Commerce and Industry in addition to a SportsTech Accelerator in the Middle East and Africa region. The Ministry of Commerce and Industry and QDB worked together to provide a cohesive definition for SMEs. According to the...
World Bank Supports Finance Ministry’s Proposal for Exit Capital Tax for SMEs
The Finance Industry of Ukraine plans to introduce an exit capital tax for SMEs with an annual income of up to UAH 200 million. According to the article, replacing the profit tax by the exit capital tax for SMEs meeting the above criteria, is a way to cut the budget loss. With the support of the World Bank, the exit tax capital will avoid a threat...