Washington D.C., July 9th, 2020- We’re happy to announce that Baobab Group joined the SME Finance Forum global membership network. The Forum brings together development financial institutions, banks, and fintechs from around the world to support SMEs through knowledge exchange, policy change, and impactful partnerships.
“At SME Finance Forum we are committed to helping small businesses get access to capital needed to grow and sustain their enterprise. Our membership network forms a close-knit community of industry experts who share a common purpose of helping SMEs. We are delighted to have Baobab Group as the newest member of the Forum. We truly value their contributions towards helping MSMEs in Africa and China.” said Matthew Gamser, CEO of the SME Finance Forum.
Over the years, Baobab Group served numerous micro-entrepreneurs, women-owned businesses, and unbanked enterprises. Their solutions support sustainable economic development by serving over one million MSMEs in Africa, and China. They are also committed to assisting customers beyond financial services. Baobab+ offers innovative, non-financial products to improve and transform the daily lives of African people.
“Baobab Group has experienced tremendous growth since its foundation, and we have become a leading MSME finance provider in the countries where we operate. Our aim is to develop and grow existing operations and further strengthen Baobab Groups’ market position. We believe the Forum’s global reach will enable us to network with industry experts and gain more knowledge on how to better serve our clients.” said Philip Sigwart, Chief Executive Officer of Baobab Group.
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative.
About Baobab Group
Baobab vision is to be the financial services group of choice for entrepreneurs. Created in 2005, Baobab now serves more than 1 million clients in 10 markets. Over 4,000 employees work together to simplify financial services and satisfy the needs of entrepreneurs. The goal: to revolutionize financial services, making them simple, fast and accessible and unleash the full potential of our clients wherever they are and whatever their financial situation.