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

E-commerce: Helping Djiboutian Women Entrepreneurs Reach the World
Access to finance also remains a problem, where 53 percent of women-led small and medium enterprises (SMEs) do not have access to credit and 70 percent of surveyed MENA female entrepreneurs agree that lending conditions in their economy are too restrictive and do not allow them to secure the financing needed for growth. This is where e-commerce...
A New Leasing Market in Haiti Means New Hope for SMEs
An IFC team worked with World Bank colleagues to create a new market for leasing in Haiti and address the problems SMEs have accessing finance. The project exemplifies the Maximizing Finance for Development (MFD) approach: a private-sector solution made possible by public-sector interventions. Team members relied on lessons learned from previous...
The Benefits of Fintech Partnerships in Emerging Markets
According to an IFC report, there are a few key challenges that have long limited the digital transformation of financial services in emerging markets. These challenges include: low access to formal financial services; low income and financial-literacy levels; underdeveloped technology solutions; and weak infrastructures. Due to these challenges,...
Closing Africa’s MSME Finance Gap
Africa's Times of News , provided insights to the IFC estimation that Africa’s finance gap for small and medium enterprises (SMEs) stands at $331bn. Micro, small and medium enterprises (MSMEs) form the backbone of most African economies and investment in this sector will significantly enhance job creation and wealth development. The informal...
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...