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CashDirector Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. February 12, 2019 –  CashDirector 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: EIB Provides €100 Million Loan to Crédito Agrícola to Support SMEs
SME Finance Forum member, European Investment Bank (EIB) will supply €100 million loan to Crédito Agrícola (CA) to support access to credit for SMEs in Portugal. A total of €200 million will be available for SMEs due to CA matching EIB’s funds of €100 million. According to the release, EIB will finance up to 100 percent of the total project cost...
Sinapi Aba Trust Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. October 23, 2018 –  Sinapi Aba Trust (SAT) 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. “200 million businesses worldwide...
Experts Join CREM and SMEDAN to Chart New Course for SME Funding in Nigeria
A business forum in Lagos, conducted by Centre for Research in Enterprise and Action in Management (CREM) examined the journey of SME funding in Nigeria. Noel Ihebuzor, Phd, Dean of CREM shared the factors inhibiting SMEs from receiving funds to grow. They include: Unfavourable government policy Improper implementation Accessibility obstacles...
Minister Ng Meets With Small Business Owners in British Columbia
The Minister of Small Business and Export Promotion, the Honourable Minister Ng, met with business owners in British Columbia to learn about the trials and triumphs encountered by SMEs when doing business. While there, Minister Ng announced she will provide $3.5 million in funding to support British SMEs through the Canada Summer Jobs Program...
IFC helps financing of SMEs in Argentina by funding BIND Banco
IFC will provide $55 million to BIND Banco Industrial to increase the bank’s lending to SMEs in Argentina. The funds will allow BIND to offer SMEs longer-term financing options. According to the article, even though SMEs are essential to job creation and growth, “more than 70 percent of Argentina’s SMEs have difficulties accessing financing.” “...
Member News: EIB signs €375 Million Financing Agreement to Support SMEs
SME Finance Forum member, the European Investment Bank (EIB) signed a financing agreement worth €375 million with the National Bank of Egypt to fund SME investments. According to a release by EIB, the agreement is in line with the Economic Resilience Initiative, which promotes financial inclusion and the creation of sustainable employment...
IFC Highlights South Africa Investment Opportunities to Support Jobs, SMEs, and Women
IFC committed to expand support for initiatives in South Africa that help address persistent challenges in job creation, especially for young people and women. In a speech to government officials and business leaders in Johannesburg, IFC CEO Philippe Le Houérou said IFC is ready to deliver expertise and new ideas that support policies aimed at...
IFC Provides $77 Million to Support SMEs in Indonesia
IFC announced a $77 million senior loan facility to PT. Indosurya Inti Finance (Indosurya), a local multifinance company. The IFC-led financing package aims to bolster the country’s small and medium enterprises (SMEs), which serves as the engine of job creation and economic growth. With financial institutions focusing on the largest and the...
EBRD and EU Supporting Small Businesses in Bosnia and Herzegovina
The EBRD and the EU are successfully implementing the programme “Supporting competitiveness of small and medium enterprises in Bosnia and Herzegovina (BiH-SME-CSF)”. After one and a half years of the two-year project €15.7 million in EBRD/EU small business loans have been provided and participants are also expected to receive more than €4 million...
Member News: Funding Circle US Partners with Kansas’s Intrust Bank
SME Finance Forum member, Funding Circle, the world’s leading lending platform for small businesses, and INTRUST Bank, a regional bank headquartered in Kansas, announced a strategic partnership to support the growth of U.S. small businesses. The partnership will be rolled out in various stages with the initial phase consisting of INTRUST funding U...