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Member News: BNP Paribas Asset Management Launches SME Alternative Lending Platform

AltFi reports that SME Finance Forum member BNP Paribas Asset Management has completed its first UK loan on its new SME lending platform.

The loan, a six year senior unsecured amortising loan, was made to a specialist recruitment services company based in the West of England.

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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...
IFC Provides Loan to KEP to Boost Access to Finance for Smaller Businesses and Farmers in Kosovo
IFC, a member of the World Bank Group, is providing a €2 million loan to microfinance institution KEP Trust (KEP), to increase lending to smaller businesses and farmers in Kosovo, fostering growth and job creation. Medium to long-term funding is critical to developing Kosovo's private sector and creating jobs but remains scarce across much of the...
Member News: KGF partners with EBRD to Expand Financing for Women-Led SMEs
SME Finance Forum member Turkey’s Kredi Garanti Fonu (KGF), a credit guarantee institution, and the EBRD are joining forces to expand financing for small and medium-sized businesses led by women. The partnership will enable the EBRD to unlock €300 million in new financing to support women’s entrepreneurship in a country where only 34 percent of...
Member News: Mastercard, IFC Expand Partnership to Drive Greater Financial Inclusion in Emerging Markets
Mastercard and IFC bolstered their partnership to drive financial inclusion, updating a $250 million global risk-sharing facility to expand access to electronic payments in emerging markets. Electronic payments help underserved people and small businesses more fully participate in the formal economy. Yet, financial institutions in emerging markets...
Member News: FINCA Enters Into Strategic Partnership with Karandaaz Pakistan to Launch ‘Women Community Mobilizer’ Program
SME Finance Forum member, FINCA has announced a strategic partnership with Karandaaz Pakistan, a non-profit finance generating organization for small businesses and individual’s financial inclusion. The first of its kind initiative between Karandaaz and a DFSP (Digital Financial Services Provider) – SimSim, will enable a new way of digital...
Member News: Standard Chartered and CDC to Launch Supply Chain Finance Programme to Boost Global Trade
Both members of the SME Finance Forum, CDC Group (“CDC”), the UK’s development finance institution, and Standard Chartered Bank (“Standard Chartered”) have announced the signing of a memorandum of understanding for a supply chain finance programme that will increase financing for SME suppliers in Africa and South Asia, thereby boosting economic...
Network And Join The Marketplace Through Our App While You Are In Nairobi
The Marketplace will provide an opportunity for financial institutions and other Africa SME Finance Forum participants to have 15-minute one-on-one introductory meetings with investors, advisory service providers and financial technology companies. Follow those four simple steps to request a meeting: Download the ‘SME Finance' App for free from...
QDB Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C., April 11, 2018 – Qatar Development Bank (QDB) 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...
Member News: Fidor and IFC partner to Expand Digital Financial Inclusion in Developing Markets
Fidor, an innovative provider of digital banking services and member of the SME Finance Forum, today signed a Memorandum of Understanding (MOU) with IFC (International Finance Corporation), a member of the World Bank Group and mangaging organization of the Forum, to identify opportunities to expand digital banking services in Africa and Latin...
Member News: Afriland First Group Sign Line of Financing Agreement with ICD
The Islamic Corporation for the Development of the Private sector (ICD) and Afriland First Group - a SME Finance Forum member - Banque Islamique du Senegal, EBID, BSIC Mali and Coris Bank Mali signed a Line of financing agreements for a Euro 45 million, Euro 50 Million, Euro 25 Million, Euro 9 Million and Euro 6 Million respectively. The Euro 135...