Articles

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 (FI).

Articles

Articles

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...
SME Financing: When Micro Becomes Too Small
SMEs in developing countries have had great success due to microfinance. Growth in income and employment are a few of the key benefits SMEs have experienced. Katharina Sommerrock, Philanthropy Advisor at LGT writes for Finews.asia. However, these benefits are short-lived due to limited financial opportunities for SMES in developing countries. They...
Blended Finance - A Stepping Stone to Creating Markets
At the heart of IFC’s approach to blended finance are efforts to create and help sustain private markets with strong development impact. This note explores the role of blended finance in creating markets and looks at lessons from three blended finance projects and structures—and how each contributed to the creation of markets that are scalable,...
How Financial Institutions Partner with Fintechs for Inclusion
Relationships between fintechs and financial institutions are more symbiotic than combative, especially for financial inclusion. They allow underserved populations to access products that are more convenient, less expensive and of higher quality. SME Finance Forum member Mambu says that they see that in their daily work with MFIs like Premier...
Improving Basic Math Skills Among Microentrepreneurs in Rural India
As part of a study to identify whether basic math skills contribute to entrepreneurial success in rural India, Madura Microfinance conducted a study on the numerical capabilities of microentrepreneurs. Of the 198 microentrepreneurs surveyed, 85 percent had completed a tenth grade education or more. The test covered basic arithmetic operations with...
World Bank's Kristalina Georgieva: To End Poverty, Tap Full Potential of Women Starting Businesses
Kristalina Georgieva is the chief executive officer of the World Bank. A Bulgarian national, she previously helped shape the agenda of the European Union, first as Commissioner for International Cooperation, Humanitarian Aid and Crisis Response from 2010. In a special to The Yomiuri Shimbun, Georgieva shares the importance of women-owned...
Why Its Vital to Finance Women-Owned SMEs in the Global Supply Chain
Omokehinde Adebanjo, Mastercard Area Business Head for West Africa, shares why finance to women-owned SMEs is vital to the global supply chain. She says that the Mastercard Index of Women’s Entrepreneurship (MIWE) found that female entrepreneurs in developing countries are driven by resilience, determination and the desire to provide for their...
Jim Yong Kim: Women-Owned Startups Could End Poverty
World Bank Group president Jim Yong Kim says one of the quickest ways to end poverty is increasing the ranks of female entrepreneurs. He tells Inc. magazine that U.S. should pay attention to the breakthroughs happening in the developing world. From his article, he says that Incubators and accelerators in Pakistan, Nigeria, and the Middle East are...
Financial Inclusion: A Day in Royyuru, India
IDFC Bank is among India’s first private-sector banks to pilot digital financial services that leverage the country’s new Aadhaar-enabled payment systems (AEPS), which makes digital money more accessible and practical for everyday transactions than ever before. Now, to do anything from receiving government payments to buying groceries, all a...
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...