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Toolkit for Impact Evaluation of Public Credit Guarantee Schemes for SMEs
Credit guarantee schemes (CGSs) are an increasingly popular form of government intervention in credit markets to ease access to finance for SMEs. CGSs are established to improve access to finance for SMEs and in some cases to deliver other important results such as investment and jobs. However, a crucial public policy question is whether or not...
What’s Happening in the Missing Middle? Lessons from Financing SMEs
What’s Happening in the Missing Middle? Lessons from Financing SMEs , is an initial effort to share experiences, analyze failures and learn from practices. These SME Finance Quick Lessons were initially developed for an internal World Bank Group audience (and, in particular, the members of the SME Finance Community of Practice), the intent with...
CGAP Analyzes Creditworthiness in Bangalore
On a recent visit to Bangalore, India, CGAP worked with Janalakshmi Financial Services to deepen their understanding of microentrepreneurs through research and qualitative discussions. They found that the conventional measures used to assess larger businesses, such as formal credit history, the enterprise’s size and the number of years it has been...
Accelerator Wants To Help Create The Next Big Black-Owned Tech Startup
I'M IN accelerator is focusing on providing support to early-stage, growth-driven and black-owned tech companies through education, mentorship and financing in South Africa. The accelerator is an IDF Capital initiative and a pre-investment readiness program for tech startups with an exceptional business concept and who have an early stage market-...
Executive Insights on Women Crowdfunding Campaigns
PwC and the Crowdfunding Center partnered on the “Women Unbound: Crowdfunding – Unleashing Female Entrepreneurial Potential” report last month. Referencing data collected by the Crowdfunding Center that analyzed 450,000 rewards-based crowdfunding campaigns, the report showed that women-led campaigns reached their funding target more often than...
PayPal to Acquire Swift Financial
PayPal has agreed to acquire Swift Financial, a leading provider of working capital solutions to small businesses in the U.S. Headquartered in Wilmington, Del., Swift Financial was established in 2006 to provide funding in order to support businesses. Since then, Swift has provided funding to thousands of growing companies in the U.S. through a...
Online Lenders Are Innovating With Purchasing Cards
Remaining competitive in an ever-growing marketplace can be a challenge for lenders. Experts say, cost of funds remains high from upmarket lenders and margins are thinning by the day. Yet consumers and small business borrowers are demanding faster underwriting and quicker speed to funding, and investors continue to demand record-breaking quarterly...
BB, IFC to Aid Development of Bangladesh Women SME Entrepreneurs
The International Finance Corporation (IFC) has secured a deal with the Bangladesh Bank for the development of women SME entrepreneurs. IFC will provide technical assistance to develop credit guarantee scheme for women entrepreneurs under the project, "Catalysing access to finance for women SME entrepreneurs in Bangladesh”. Designed to provide...
Kailash Baheti, CFO, Magma Fincorp Talks SME Expansion
Kailash Baheti is the Chief Financial Officer of Magma Fincorp in India. As he helps strategize the company’s future growth, his responsibilities include planning for, and controlling the capital and revenue expenditures, while continuously working towards achieving the planned profitability and looking at acquisition opportunities for inorganic...
Survey Shows Late Payments Affect SME Cashflow
In partnership with BDRC Continental, Ultimate Finance conducted research into the impact of late payments on the SME sector. The figures showed that late payments cause cashflow problems for UK SMEs. The main political parties have said they plan to end the issue with legislation such as late payment reporting. Overall, 81 percent of SMEs state...