Lack of access to financial services is a key barrier to the growth of micro, small, medium enterprises (MSMEs). IFC is working to develop solutions to close the MSME financing gap, collaborating with 314 financial institutions (FIs) across 90 countries globally. By partnering with many types of financial intermediaries, including microfinance institutions (MFIs), commercial banks, leasing companies, and private equity funds, IFC reaches many more small and medium enterprises (SMEs) than it could directly.
IFC offers a wide range of financial products, including loans, equity and risk management solutions, to help FIs scale up and enter the MSME market. As of June 2013, IFC committed a total of $14.5 billion to MSME finance globally, $12.8 billion for long-term finance (including $2.3 billion for funds supporting MSMEs), and $1.7 billion for trade finance. In fiscal year (FY) 2013 alone, IFC MSME commitments globally were $6 billion, $2.6 billion of which was attributed to long-term financing. By the end of calendar year (CY) 2012 IFC’s MSME clients had $22.9 million micro loans outstanding globally, totaling $25.1 billion. Similarly, IFC’s MSME clients had over $5.8 million small and medium loans outstanding by the end of CY2012, totaling $243.8 billion globally.
IFC Outreach Data and Brochures communicate achievements and showcase successes in our MSME Access to Finance Strategy. They present aggregated results achieved by IFC supported financial intermediaries with their MSME clients.