News

EUR 820 Million for SMEs as EIF and ProCredit Double Support

The European Investment Fund (EIF) and ProCredit Group are providing an additional EUR 450 million to innovative small and medium-sized companies (SMEs). This brings a total of EUR 820 million to companies in eleven countries.

 

News

News

Member News: Intesa Sanpaolo Launches Credit Partnership
SME Finance Forum member Intesa Sanpaolo, has partnered with SME lender iwoca to provide clients with credit products that will help SMEs obtain financing. The partnership coincides with an investment in iwoca by Neva Finventures, Intesa Sanpaolo’s fintech venture capital arm. Maurizio Montagnese, chief innovation officer at Intesa Sanpaolo, says...
IFC Lends R2.5bn to Help SMEs
IFC has provided sub-Saharan African SMEs additional finance. R2.6bn has been committed through the SME Push Program to FirstRand. The program’s primary focus is enabling job creation, and encouraging the banks to provide financing to a wider section of the SME market. Over the next five to seven years, the program aims to widen its network to...
Member News ADFIAP Awards Bank for MSMEs Programming
SME Finance Forum member, ADFIAP (Association of Development Financing Institutions in Asia and Pacific) hosted an Awards Night in Macau recently where DFCC Bank won an award under the SME Development category for setting up a specialized unit for development of MSMEs. In addition, DFCC Bank was recognized for being a Charter Member of the ADFIAP...
NIB, Landsbankinn Start Second SME Programme
A new seven-year loan programme has been signed by NIB and Iceland’s Landsbankinn hf. - the largest universal bank in the country. USD $75 million (EUR 66.5 million) will provide financing for small and medium-sized enterprises (SMEs) and environmental projects in Iceland. The fishing industry, real estate and tourism are three of several sectors...
SIDBI
Eight Regional Rural Banks and Urban Co-operative Banks have signed MOUs with SME Finance Forum member SIDBI (The Small Industries Development Bank of India.) In an effort to boost MSME financing, the new partnership will focus on increasing credit flow to the ‘missing middle’ – micro, small and medium enterprises (MSMEs) in the region. SIDBI also...
Fintech Leaders Sought for Industry Transparency
Fintech leaders are wanted to bring transparency in the Australian small business sector. Ombudsman Kate Carnell launched a research project this week with FinTech Australia and independent SME finance expert Neil Slonim from theBankDoctor.org. The project will survey fintech small business lenders to identify industry best practice to help SMEs...
Romania implements SME Initiative
The SME Initiative in Romania, seeks to provide new financing for small and medium enterprises (SMEs) across the country. Five Romanian banks have signed on to the initiative, which is managed by the EIB Group (European Investment Bank and European Investment Fund), the Government of Romania and the European Commission. Raiffeisen Bank, ProCredit...
SME Credit Program for Women
With support from FSD Africa, Women’s World Banking partnered with Malawi’s NBS Bank to design and implement a credit program for SMEs with a focus on women-owned businesses. The three institutions provided a guide to assist financial providers looking to serve women-owned SMEs with sustainable loans. A few of the topics covered include how to...
At $3 Billion in Loans, Amazon is Quickly Becoming a Huge SME Lender
Amazon announced today that it had originated over $3 billion in loans to more than 20,000 small businesses since 2011. One billion of those loans came in the past 12 months. Peyush Nahar , VP for Amazon Marketplace, released a statement on the milestone; “We created Amazon Lending to make it simple for up-and-coming small businesses to...
First look at the Global SME Finance Forum 2017 Marketplace
SME Finance Forum 's annual flagship event, to be held on 1-3 November in Berlin, Germany, will bring 400+ senior executives from commercial banks, development finance institutions, fintech companies, as well as regulators to focus on leveraging digital banking to serve MSME. The Marketplace , an exclusive opportunity for B2B introductory meetings...