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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 Provides $20 Million Line to Addiko Bank to Support SMEs
The European Bank for Reconstruction and Development (EBRD) will support SMEs in Serbia with a $20 million line to Addiko Bank. According to the article, SMEs account for over half of Serbia’s economic activity and supporting them is key. The funds will help to improve the competitiveness of Serbian SMEs by providing access to modern technology...
IFC Supports Kyrgyzstan In First institutional Private Equity Fund
The funds backed by World Bank’s International Finance Corporation (IFC) will go towards supporting Highland Capital’s efforts towards increasing access to finance for SMEs in the Kyrgyzstan. Key areas include services, healthcare, education and media, according to the article. With a goal of raising $30 million, Highland Capital has raised $15...
Member News: The European Investment Bank Partnered With DLL to Support Dutch and Belgian SMEs
SME Finance Forum member the European Investment Bank (EIB) signed an agreement to provide DLL Financial Solutions with €100 million to support Dutch and Belgian SMEs. Over 200 businesses will be able to benefit from lower interest rates due to the funds that will be split from Belgium and the Netherlands, according to the article. Werner Hoyer,...
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...
Mastercard, South Indian Bank Partner on Card Accepting Kit
SME Finance Forum member Mastercard and South India Bank will together launch ‘Merchant in a Box’ an integrated card accepting kit for merchants and SMEs. The kit includes a branded business debit card and the Bharat QR service, along with instant access to bank accounts and the acceptance of digital payments, according to the article. Rajeev...
Member News: Co-operative Bank of Kenya Launches Financial Solutions for MSMEs
A packaged financial solution, launched by Co-operative (Co-op) Bank of Kenya, will go towards supporting MSMEs. Co-op Bank of Kenya has worked with the International Finance Corporation (IFC) over the past year, to understand the inner-workings of the MSME business segment to improve MSMEs. Co-op Bank will offer training programs, forums and...
The Mastercard Center for Inclusive Growth is using technology to help entrepreneurs grow their business. Micro-entrepreneurs are excluded from the traditional financial system due to their cash-based transaction system and are unable to build trust among financial institutions. According to the article, “As of 2017, 70 percent of women-owned...
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...
Member News: EIF Partners With Erste Bank to Offer SME Support in Montenegro
SME Finance Forum member The European Investment Fund (EIF) signed the first InnovFin SME Guarantee Facility agreement in Montenegro with Erste Bank AD Podgorica to support innovative SMEs. The InnovFin Agreement will protect 50 percent of each loan distributed by Erste Bank and is expected to trigger a total loan portfolio of up to €30 million. “...
Member News: Afriland First Bank to Boost Lending to Liberian SMEs
The African Development Bank has approved US$ 20 million facility to boost lending to small and medium-sized enterprises in Liberia. The loan, approved by the Board of Directors of the Bank on May 16, is a trade finance package for three Liberian commercial banks: Liberian Bank for Development and Investment; International Bank of Limited and...