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Asante Closes First Tranche of $7.5 Million Series a Funding to Bridge the Gap in MSMEe Lending in Africa
Asante Financial Services Group announces $7.5 million Series A investment anchored by Goodwell Investments with participation by other investors including Sorenson Impact Foundation and Forsage Holdings.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, fintech, MSMEs, scale
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Analysis: The Precarious State of MSMEs: Understanding the Impact of COVID-19 and Opportunities To Support Their Recovery
In May 2020, The Center for Financial Inclusion (CFI), as part of our partnership with Mastercard’s Center for Inclusive Growth, launched a six-wave, longitudinal survey examining the impact of COVID-19 on MSMEs in four countries: Colombia, India, Indonesia, and Nigeria.
- Categories
- Coronavirus, Finance, Impact Assessment
- Tags
- financial inclusion, MSMEs
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Visa, Nasscom Foundation to Train Women Micro-Entrepreneurs in India
Visa and NASSCOM Foundation will work with over 650 women micro-entrepreneurs and train them to go online, rebuild and expand their businesses in India.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- MSMEs, women entrepreneurs
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Press Release: TriLinc Global Sustainable Income Fund II Secures Funding of $18 Million in Partnership With BlueOrchard Impact Investment Managers
TriLinc Global Sustainable Income Fund II announced a new funding of $18 million in partnership with BlueOrchard Finance Ltd to provide financing to middle market companies operating in Emerging Markets around the world.
- Categories
- Investing
- Region
- Global
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Analysis: Digitizing Africa’s Small and Midsize Businesses
To ensure Micro, small, and medium-sized enterprises (MSMEs) don’t get left behind and to accelerate digitization on the continent, startups, corporations, and policymakers should encourage digital solutions for consumers and business owners.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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IFC and FMO Partner With I&M Bank To Support SMEs in Kenya
The financial support will give smaller businesses across a range of sectors in Kenya access to financing for working capital, expansion, and to weather the effects of COVID-19.
- Categories
- Coronavirus
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, MSMEs
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Ecobank Ghana and Proparco Sign $59 Million Agreement to Help MSMEs Recover From COVID-19 Pandemic
The partnership, which is part of the Choose Africa and ARIZ Initiatives will pave way for Ecobank to offer loans at competitive interest rates to the MSMEs
- Categories
- Coronavirus
- Region
- Sub-Saharan Africa
- Tags
- MSMEs
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Making This Year Better Than the Last: A Recent Survey Assesses the Pandemic’s Impacts on Micro and Small Businesses
Micro and small businesses dealt with massive challenges during the initial months of the COVID-19 pandemic, and even those that adapted and survived still face major struggles. Juan Carlos Thomas at TechnoServe shares the results of a recent study on COVID-19's impact on these enterprises, and explores how his organization has been supporting them – including through a crisis toolkit that helps them weather the pandemic's challenges, and through digital tools focused on business training and access to finance.
- Categories
- Coronavirus, Technology, Transportation
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