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PME Investimentos Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. May 21, 2019 –  PME Investimentos 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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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...
IFC Provides $150 Million to Banco Santander Brasil to Expand Financing for SMEs
IFC is providing a $150 million loan to Banco Santander Brasil to boost access to finance for small and medium enterprises (SMEs). SMEs represent 99 percent of all companies in Brazil. They are engines of job creation, generating 54 percent of formal jobs and accounting for 27 percent of the country’s gross domestic product. In the first three...
IFC Provides $40 Million to Support Small Scale Entrepreneurs in Indonesia
IFC announced a $40 million senior loan facility to PT Radana Bhaskara Finance Tbk (Radana). The IFC-led financing package aims to develop the country’s micro, small and medium enterprises (MSMEs), and increase financing for women-owned MSMEs. Financing MSMEs in emerging markets like Indonesia is crucial because they serve as an engine for growth...
€50 Million EBRD Loan to Banque de Tunisie to Foster SME Growth
The EBRD is providing Banque de Tunisie with a financing package that consists of a €50 million loan for on-lending to small and medium-sized enterprises (SMEs) and a US$ 20 million trade finance line that is expected to be signed shortly. The SME market segment accounts for more than 90 per cent of all businesses in Tunisia. It is therefore a...
Member News: ICD and BSIC Niger Cooperate to Finance SMEs in Niger
SME Finance Forum member The Islamic Corporation for the Development of the Private Sector (ICD) has entered into an agreement with BSIC Niger to finance SMEs in Niger. Khaled Al-Aboodi CEO of ICD and Abakar Adoum, Managing Director of BSIC, signed the Line of financing agreement for the amount of 9 million euro under the Wakala structure or...
IFC Invests €15 Million in Private Equity Fund to Help SMEs in North Africa
IFC is investing €15 million in a new private equity fund by AfricInvest, a leading private equity fund manager, to help expand access to finance for small and medium enterprises in North Africa. The investment is part of a larger effort to support economic growth and create jobs. Globally, the Middle East and North Africa region ranks low in...
Member News: Mastercard to Expand Technology Hub in New York City
Mastercard jointly announced with Governor Andrew Cuomo that it will add to its New York state operations with the expansion of its New York City Technology Hub. The company will relocate its current tech hub operations to a new Flatiron location at 150 Fifth Avenue and nearly triple its work force through the creation of over 470 new jobs by 2024...
Comprehensive New Data Reassesses the MSME Finance Gap in Developing Countries
Berlin, 3 November, 2017 -- IFC, a member of the World Bank Group, pays special attention to small businesses because they are the engines of job creation and economic growth. Nine out of ten new jobs worldwide are created by small businesses, and we need nearly 3,3 million jobs every month in emerging markets by 2030 to absorb the growing...
China Development Bank Announces Agreement to Aid African SMEs
China's Development Bank and Absa, a subsidiary of Barclays Africa, concluded a $100 million Special Facility Agreement to fund SME in Africa. The money will benefit Barclays Bank’s existing and prospective SME clients across the continent, according to Absa. The funding may be increased in the future to assist with new funding opportunities...