Credit Guarantee Programs

cat/credit-guarantee-programs

Fundo de Garantia de Crédito (FGC) Joins 160 Other Financial Institutions to Promote SME Finance

Washington, D.C., November 12th, 2019 Fundo de Garantia de Crédito (FGC) 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. 

2018 Survey on the Access to Finance of Enterprises

Having sufficient access to finance is an important determinant for the development of an enterprise. It is a well-known phenomenon that SMEs face different challenges when accessing finance than large scale enterprises (LSEs). LSE’s for instance, have direct access to capital markets whereas for SMEs this holds to a lesser extent or they have no access at all. Ultimately, the specific financing needs of SMEs warrant specific policy attention.

Morocco Credit Guarantee Corporation Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. January 29, 2019 – Morocco Credit Guarantee Corporation (CCG) 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. 

The Global Microscope 2018 on Financial Inclusion

The report is a benchmarking index that assesses the enabling environment for financial access in 55 countries. The research underscores the evolving landscape of financial inclusion itself. This year’s index was completely revised to take a forward-looking focus on digital financial services, and to address the critical role of financial inclusion envisioned in the Sustainable Development Goals (SDGs).

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 financial tools to build and grow “world class entrepreneurs,” according to the article. 

India's Economic Survey 2017-18

The Economic Times review of the Economic Survey 2017-18 says that the amount of credit or loans disbursed by banks amounted to Rs 26,041 billion as on November 2017, but 82.6% of this was pocketed by large enterprises. For millions of SMEs in the country, banks only lent out 17.4 % of the total credit. Learn more about the survey and how MSME climate in India as well as analysis of the report and the pitch for peer to peer lending as a solution for India's MSMEs.