Articles

World's First Private Sector Gender Bond Finances Women-Owned SMEs in Emerging Markets

IFC invested $75 million in a Gender Bond issued by Turkey’s Garanti Bank (a SME Finance Forum member). IFC details the story of how and why the investment with Garanti was a bold one. The bank, which is known in the market for its commitment to access to finance for women, is the first private sector bank in the world to launch a gender bond dedicated to financing women-owned small business in emerging markets.

Articles

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...
CreditEnable, CAIT Partnership Set to Help 70 Million SMEs
This Forbes' article written by John Welsh, includes: a profile on CreditEnable; highlights about the CEO and Founder Nadia Sood’s career and outlines CreditEnable's 'Changemakers Programme', an initiative they have just launched in conjunction with the Confederation of All India Traders (CAIT), the world’s largest SME association, representing 70...
Doing Business While Doing Good: CEOs Partner to Boost Inclusion
Eric Duflos, Director of the Office of the UNSGSA, wrote a blog titled "Doing Business While Doing Good: CEOs Partner to Boost Inclusion." Last month in Davos, at the invitation of Queen Máxima of the Netherlands, the UN Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), the leaders of ten leading global companies...
4 Lessons for Bank Executives from Uber and Amazon on Customer Experience
Businesses such as Amazon and Uber have created successful customer experience models. In this blog, the author shares his common denominators that the financial industry should pay close attention to 1. Be customer experience obsessed. A study found that 68% of millennials have stopped doing business with a brand due to a single poor customer...
Finding New Ways to Lend More to Health SMEs in Africa
“It’s one thing to offer universal healthcare to your citizens. But the next question is ‘okay, where can I go,’” said Bart Schaap, Chief Financial Officer at Medical Credit Fund (MCF). The region suffers from a dearth of healthcare facilities, especially ones that provide quality care. For Schaap, the solution is obvious: “If you want to address...
Fintech for Women: Scaling the Financial Inclusion Pyramid in Egypt
In a bid to accelerate women’s financial inclusion in MENA, the region with the lowest female economic participation in the world , the DFID-funded Arab Women’s Enterprise Fund ( AWEF ) led a study to understand the scope for Digital Financial Services (DFS) in Egypt, map key constraints to women’s financial inclusion and identify opportunities to...
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,...
How Banks Can Detect Whether Their Customers are Real
To date, there has been no efficient way of uncovering synthetic ID fraud. To crack down on it, every customer seeking credit would have to undergo even more rigorous ID checks than they do already. This Mckinsey article proposes a new approach that, with the help of machine learning, digs deep into vast amounts of third-party data to gauge...