Articles

Digital Credit

Microfinance was deemed the solution to the financial constraints faced by poor households and entrepreneurs in developing countries. However, recent evidence suggests that providing small loans through microfinance institutions (MFIs) hasn’t quite lived up to the hype.

Articles

Articles

FinTech Startups Need a Localized Approach to SME Lending
The focus of the entire product design of digital lending platforms and fintech startups, needs to shift towards interaction led rather than merely being transactional in nature. Banks have traditional had an advantage over other financial service institutions because banks are viewed as trusted advisors to the customer. In order for fintech to...
Digital Credit
Microfinance was deemed the solution to the financial constraints faced by poor households and entrepreneurs in developing countries. However, recent evidence suggests that providing small loans through microfinance institutions (MFIs) hasn’t quite lived up to the hype. Despite its resounding success bringing large numbers of individuals into the...
Randa Al-Zoghbi Tamweely
Randa Al-Zoghbi, Center for International Private Enterprise’s Program Director in Egypt, discussed the release of their new app, Tamweely, in partnership with the World Bank. The app is designed to connect financiers to small businesses and entrepreneurs in Egypt seeking start-up funding. It will also provide business education tools and...
Janet Zablock
Former Head of Global Small Business at Visa, Janet Zablock has a new role as an Independent Board member at Nav Inc. Nav gives small businesses access to personal and business credit reports, cash flow analysis and lender-neutral marketplace that uses this data to connect them to the right financing for their situation. Zablock says she is...
Zaw Lin Aung
KBZ Bank or Kanbawza Bank has more than 470 branches throughout Myanmar, with plans to grow its division devoted to SMEs. Running for a year, the new initiative uses credit guarantee insurance to attract borrowers, offers client banking training and has improved its IT operations to better serve SMEs. More than 90 percent of the country’s...
Ukraine is a focus of SME Finance memer OPIC
OPIC Project Finance Director John Didiuk reflects on his recent attendance at the EBRD’s Annual Meeting and Business Forum in Cyprus, where he joined discussions about the investment climate in Ukraine. Since 2014, OPIC has more than quadrupled its portfolio to support the Ukraine’s growth and stability through greater private sector development...
Amazon is Making Major Moves in SME Banking
Since Amazon Lending began in 2011, it has surpassed $3 billion in loans to small businesses. Recently, the company announced that it has surpassed $1 billion in small-business loans to more than 20,000 merchants involved in its Amazon Marketplace in the U.S. UK, and Japan during the past year. In fact, Amazon is making money from both the sales...
AGF Executive Shares His Strategy for SME Financial Assistance
The African Guarantee Fund’s (AGF) chief executive Felix Bikpo talks about their strategy to assist SMEs. Stating the main problem for SMEs as access to finance, Bikpo says their guarantee facility assists financial institutions in covering the risks often associated with SMEs financing. AGF’s activities have improved the SME sector in recent...
Alternative Lenders Spread Their Wings Internationally
As alternative lending gains global traction, a growing number of U.S-based alternative lenders are exploring international growth, with large companies like OnDeck, Kabbage and SoFi leading the way. Some alternative lenders have begun their expedition closer to home by extending their reach into Canada. Others are traveling farther beyond to...
Deutsche Bank sets up corporate finance advisory services for small and medium-sized companies
Deutsche Bank is setting up a dedicated advisory service for the capital market business in Germany aimed at its small and medium-sized commercial clients. Around 50 specialists from the Private & Commercial Bank will advise companies in future on mergers and acquisitions, and on capital market solutions with a focus on financing via bonded...