Articles

CreditEase CEO Ning Tang on How China’s Fintechs Serve the Underserved

CreditEase - an SME Finance Forum member - founder and CEO Ning Tang recently shared with Mckinsey his perspective on how fintech players, from both within and outside China, can capture the opportunity among small and midsize Chinese businesses and how artificial intelligence (AI) can help. The following commentary is adapted from that conversation.

Articles

Articles

 IFC and Other Key Stakeholders Advise Government in Philippines on New Law to Support MSMEs
The IFC in partnership with the Department of Finance, the Land Registration Authority, Bangko Sentral ng Pilipinas, the Securities and Exchange Commission, the Department of Trade and Industry, various MSMEs and banking associations to construct a new bill to support MSMEs in the Philippines. The Personal Property Security Act (Republic Act No...
Medici Outlines the Challenges in the SME Lending Requirements
SMEs are still struggling to curate working capital. Medici examines the glitches in SME lending, automation of onboarding customers and loan origination and how banks can make real change in SME lending. Reported errors in the SME lending: Most of the time, banks refuse to lend money to those whose revenue is less than $2 million. Banks view SME...
SMEs Receive €475 Million in Loan Support from the European Union
The head of the EU delegation to Egypt, Ambassador Ivan Surkoš reported the European Union (EU), with support from European financial institutions will provide €475 million in loans to support SMEs. EU launched the ‘EU Facility for Inclusive Growth and Job Creation,’ which aims to provide an environment of business creation and economic...
How India’s Small Finance Banks Aim to Take Financial Inclusion to the Next Level
India has lended to hundreds throughout the unbanked community and is the largest microfinance market in the world, according to Next Billion. Microfinance in India has its pros and cons. It’s able to reach customers that mainstream financial institutions fail to notice, but it also lacks adequate regulation, making it dangerous for borrowers. The...
Alternative Lenders Bridge Gaps, Cater to Untapped Markets & Offer Great CX
Alternative lending is looking more attractive to SMEs working to find affordable funding solutions for their business. According to Medici, alternative lending is focused on commerce and not credit. For example, “PayPal offers working capital loans to small businesses that transact more than $20,000 within 12 months.” According to a report by...
Interview with Kelvin Teo & Reynold Wijaya Co-Founders of Funding Societies | Modalku, a Company Supporting SMEs
Kelvin Teo, Top 200 FinTech Influencers in Asia recipient, and Reynold Wijaya, Forbes 30 under 30 recipient are both Harvard Business School graduates and co-founders for the company Funding Societies | Modalku. Funding Societies | Modalku is Southeast Asia’s largest peer-to-peer financing platform geared towards supporting SMEs grow their...
Solving the SME AML De-Risking Burden Using the Blockchain
SMEs that must be de-risked are experiencing issues with access to finance, however blockchain may be the answer to their problem. Dubai-Based Global Anti-Money Laundering, Risk, Governance and Compliance Professional, Maureen M., explores the benefits of blockchain and their ability to transform how SMEs are perceived by financial institutions (...
Women Entrepreneurs in Vietnam Get a Fair Shot with Financing
Commercial Joint Stock Bank (VP Bank) invested in Ho Thi Hai Ngan, a woman entrepreneur looking to expand her electronics shop. With capital as one of the larger challenges faced by SMEs, women are challenged at a much larger rate when “lender biases,” according to the article, are being added to the picture. VP Bank decided to be the change and...
Women Leaders, Women Lenders
Women have been an integral part of microfinance since the very beginning. But though the percentage of women in top leadership positions in microfinance institutions is high compared to the rest of the global banking sector, it’s still lower than women’s proportion of the overall population – and far lower than the percentage of female clients...
Financial Inclusion for SMEs is at the Core of the Economy's Potential
Financial inclusions is one of the largest challenges SMEs face today. In part two of Dhaka Tribune’s “At the Core of Our Potential” series, banker, Tarique Afzal sheds light on why this area is restricted for SMEs. · Banks are more focused on urban-based lending · Banks are at times reluctant to delegate to rural branch levels · Lack of interest...