Publications

The Challenges and Opportunities of SME Financing in Africa

The London Stock Exchange released a report detailing the issues faced by SMEs and opportunities with financing in Africa. 

SMEs account for about 90 percent of Africa’s businesses and the driving force of the continent’s economic development, yet they are still facing financial barriers. 

Key challenges SMEs are facing include:

Publications

Publications

Measuring the Value for Money of Acceleration
The Global Accelerator Learning Initiative released a publication detailing the various ways accelerators can think about value for money of their programs, explores one practical approach to calculating value for money and summarizes similar evaluations conducted for other types of entrepreneur support programs. Various accelerator program types...
SME-Focused Development Banks: Five Key Missions in a Time of Change
In recent years, there has been a renewed appreciation for the critical role SME-focused development banks play in the economies of many countries. Besides supplying much-needed capital to businesses during times of crisis and recession, development banks are increasingly supporting essential change. This paper looks at five societal missions...
Access to Small Business Finance
The Reserve Bank of Australia (RBA) conducted a study detailing the issues plaguing SMEs’ access to finance and the initiatives set in place to help support SMEs conquer financial setbacks. Key findings examined in the report include: Access to finance for start-ups is very limited Banks are reluctant to extend finance without real estate as...
White Paper: Fostering Markets for SME Finance
In this study, the OECD Working Party on SMEs and Entrepreneurs (WPSMEE) examined a variety of barriers on the supply and demand side of finance markets that limit SMEs uptake of alternative financial instruments. The study also covers trends in policy measures to support the development of alternative finance instruments for SMEs. According the...
Report: Longitudinal Impact Study of Accion and Opportunity Fund Small Business Lending in the U.S.
The Longitudinal Impact Study of Accion and Opportunity Fund Small Business Lending in the U.S. is a first-of-its-kind national, longitudinal, qualitative examination of social impact of small-dollar loans on household and family life, poverty alleviation, or community development. It reports on a nationwide cohort of 350 Accion and Opportunity...
Report: Accelerating Startups in Emerging Markets
The second major report from GALI, written in collaboration with Deloitte, compares acceleration in emerging markets versus high-income countries. Examining data from more than 2,400 early stage ventures that applied to 43 programs, it finds more similarities between emerging market and high-income country entrepreneurs and accelerator programs...
Report: Accelerating the Flow of Funds into Early-Stage Ventures
The third annual Global Accelerator Learning Initiative (GALI) report, "Accelerating the Flow of Funds into Early-Stage Ventures: An Initial Look at Program Differences and Design Choices," examines how the design and structure of accelerator programs correspond with increased business growth for program participants. With data from more than 2,...
White Paper: Microfinance and Economic Development
Microfinance is generally seen as a way to fix credit markets and unleash the productive capacities of poor people dependent on self-employment. The microfinance sector grew quickly since the 1990s, paving the way for other forms of social enterprise and social investment. But recent evidence shows only modest average impacts on customers,...
Venture Capitalists' Gender Constructions Versus Venturing Performance Facts
Although often discussed, there has been limited effort to match venture capitalists’ construction of gender notions with specific facts about the entrepreneurs’ venturing activities. This Journal of Business Venturing Insights study shows how stereotypical gender notions of both men and women entrepreneurs are embedded in venture capitalists’...
Microfinance and Business Start-ups: Review of the Current Practice in Europe
This paper explores the theoretical background and the emergent evidence related to the role of access to finance for business start-ups and self-employment in Europe, with a specific focus on the role of microfinance institutions. So far, microfinance has been supporting start-ups at certain maturity level on a limited scale, with only a handful...