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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.

 

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EIB EIF Announce 18.5M
A SME Finance Forum member, European Investment Bank Group (EIB), announced that it will provide €18.5 million to back a joint investment fund designed to lend money to SMEs through the crowdlending platform Lendix. Funding through the European Investment Fund (EIF), this is the second deployment of EIF funds through a lending marketplace to...
Mohammad Azaqeer, Syrian Refugee receives SME Loan
In the last 12 years, the growing global community of 1.6 million lenders has crowdfunded nearly $1 billion in loans to 2.4 million entrepreneurs in 82 countries. Two former Syrian business owners received SME loans through Kiva, an online platform for crowdfunding loans to small-scale entrepreneurs around the world. With that financial support,...
Crowdfunding, the solution for SMEs in South Africa?
In 2015, the South African Institute of Chartered Accountants (Saica) published the Small and Medium Enterprises (SMEs) Insights Report. The report provided meaningful insight into the depressed economic environment stifling SME growth and explored ways to improve opportunities for SMEs in South Africa. The report identified the greatest obstacle...
France’s Online Alternative Finance Doubles in Size – Crowdfunding Grows 40%
The French Crowdfunding Association (Financement Participatif France) released today the 3 rd edition of its annual industry Barometer. For the first time, the data was compiled by auditing and consulting firm KPMG , which lends to the Barometer additional weight. The association was represented, among other board members, by its chairman, Nicolas...
Singaporean Fintech Company, Funding Societies Erases Borders with an Online Lending Platform
In January last year, Riza Fansuri was in a quandary. The 37-year-old, who runs a small food supplier in a Jakarta suburb, wanted to develop new products, but that would take money. He tried applying for loans at banks, but they all turned him down because he could not provide sufficient collateral. Desperate for help, he turned to a website for...
Dubai To Open Up To Crowdfunding Platforms, As Part Of Fintech Push
The regulator of offshore financial hub the Dubai International Financial Centre (DIFC) is preparing to license loan-based crowdfunding platforms for the first time. The Dubai Financial Services Authority (DFSA) has begun a consultation process on its proposed framework for the sector, which is also sometimes known as peer-to-peer lending. The...
P2P lending: The Real Benefits and Ways to Mitigate Risk
The internet has changed many things around us. Almost nobody buys audio or video CDs today; we get them online or on Netflix at a fraction of the cost. When was the last time you met someone who sent his/her résumé through post? We all send it at no cost, through job portals/boards. We are all adopting a similar methodology to book a holiday,...
Crowdfunding: A new meaning to SME financing
Small and medium-sized enterprises (SMEs) form over 90 per cent of businesses in the ASEAN region and contribute to over 20 per cent of the economies’ GDP. Despite their steady business momentums, SMEs in the region still face a common growth obstacle – gaining access to financing – according to a study of five ASEAN economies by Deloitte. When in...
Increase in Global Lending of MSMEs to Drive the Global Peer-to-peer Lending Market Until 2020, Reports Technavio
Technavio analysts forecast the global peer-to-peer (P2P) lending market to grow at a CAGR exceeding 53% during the forecast period, according to their latest report. The research study covers the present scenario and growth prospects of the global P2P lending market for 2016-2020. To calculate the market size, the report considers the lending...
Insurer Aviva France to Lend €50 Million to SMEs Through Crowdlending Platforms
Aviva France , together with two partners, alternative asset management firm Eiffel Investment Group and insurer AG2R La Mondiale, is launching an investment fund called “Prêtons Ensemble” (Lending together) dedicated to financing loans to small and medium-size enterprises (SMEs) provided through crowdlending platforms. Starting with an initial...