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United Commercial Bank Limited Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. December 11, 2018 – United Commercial Bank (UCB) Limited became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. 

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Member News: Mekar is Named One of the Top 10 Online Lending Platforms of Indonesia
SME Finance Forum member MEKAR, has been listed by KPMG as one of the top 10 lenders changing market. MEKAR was the earliest of P2P lenders in Indonesia. MEKAR, though maybe not the largest total volume of loans, is unique in serving the small “unbanked” businesses in the farthest parts of Indonesia. It has some of the safest loans, and probably...
IFC, WEConnect International Partner to Boost Market Access for Women Entrepreneurs
WEConnect International, a global network of corporations committed to sourcing goods and services from women suppliers, signed an agreement to boost access to markets for women-owned small and medium enterprises in emerging markets. The agreement is IFC’s first active partnership supported by the Women Entrepreneurs Finance Initiative , or We-Fi...
IFC Discusses Improved Access to SME Finance in Lao PDR
IFC, a member of the World Bank Group is increasing access to SME finance in Lao PDR by fostering a business enabling environment and developing market solutions for serving SMEs. According to the release, SMEs make up 99 percent of total enterprises and over 80 percent of the workforce, however they are confronted with a financing gap of $1.2...
Member News: Diamond Bank Takes Home the Women’s Market Champion Award
SME Finance Forum member Diamond Bank was awarded the Women’s Market Champion award from the Global Banking Alliance for Women. Diamond Bank was chosen for its outstanding impact on women development and for providing them with holistic solutions that meet their needs, according to the article. “This award lends credence to the work that Diamond...
Member News: IDB Invest Focuses on the Private Sector
SME Finance Forum member, Inter- American Development Bank (IDB) will work through its “investment arm” IDB Invest to target the private sector. According to the article, IDB will focus on tourism, agribusiness, renewable energy and general manufacturing with a goal of bringing in US$3.5 billion in direct private sector capital. “The IDB Group...
Member News: Diamond Bank’s Retail Strategy Drives Growth for SMEs
SME Finance Forum member, Diamond Bank released its Q3 financial report, which revealed their disbursement of N1 billion to small business owners under the lending scheme partnership with Women’s World Banking. Diamond Bank remains one of the leading retail banks in Nigeria. According to the article, Diamond Bank is among the first five SME...
Member News: AfDB Provides $50 Million to Women-Owned SMEs
SME Finance Forum member African Development Bank (AfDB) provided a $50 million credit to Fidelity Bank Plc. to support SMEs, with a minimum of 30 percent of the credit going towards women-owned enterprises in Nigeria. According to the article, the credit will benefit SMEs in manufacturing, health and education sectors. The loan is expected to...
Member News: Diamond Bank’s BETA Account Increases Access to Finance for Women
SME Finance Forum member Diamond Bank is helping women plan for the future with its BETA savings account. According to the article, providing access to financial services can improve a women’s earning potential, depart from poverty and reduce inequality worldwide. Almost one billion women around the world, don’t have access to savings, credit or...
IFC and Top Tech Firms Drive Economic Opportunities for Women
Under the new initiative, ‘Digital2Equal’ led by IFC, a sister organization of the World Bank and member of the World Bank Group, seventeen leading tech companies have joined together to support this initiative focused on increasing opportunities for women. The companies participating include: Airbnb, Inc., Google LLC, LinkedIn, Didi Chuxing...
Member News: OPIC Partners with IDB to Launch Gender-Focused Fund
SME Finance Forum member, Overseas Private Investment Corporation (OPIC) has collaborated with the and Inter-American Development Bank (IDB) Group to launch the first gender-focused fund for Latin America and the Caribbean. The investment, ‘Fund Mujer’ is for up to $200 million and will be made up of 30 percent debt and 70 percent equity,...