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Why Fintech Startups Are Wooing India’s Small Businesses
Manjunatha BN runs a music store called Sri Sai Musicals in Bangalore. He needed a loan of $7,800 (5 lakh rupees). Unsure of getting one from a bank, he decided to approach Bangalore-based digital lender Capital Float. To his surprise, he received his loan in no time.
- Categories
- Technology
- Region
- South Asia
- Tags
- financial technology, fintech, India, lending, microlending, MSMEs, SME finance, SMEs
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Do Credit Guarantee Schemes encourage banks to lend to SMEs?
A lack of access to adequate finance is one of the biggest constraints SMEs face worldwide. It is estimated that between 50% to 70% of SMEs in emerging markets are either not funded or under funded by the formal financial sector.
- Categories
- Uncategorized
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Crowdfunding the solution for SMEs in South Africa?
In 2015, the South African Institute of Chartered Accountants (Saica) published the Small and Medium Enterprises (SMEs) Insights Report. The report provided meaningful insight into the depressed economic environment stifling SME growth and explored ways to improve opportunities for SMEs in South Africa.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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The Distributed Economy: Four Ways Blockchain Can Transform MSMEs in Emerging Markets
Micro, small and medium enterprises are the largest employers in many developing countries, but their growth is limited by a lack of access to savings, insurance, credit equity and payments services. Traditional companies aren't stepping up to solve the problem, but blockchain can help. Here are four ways this new type of data application can further MSME growth.
- Categories
- Entrepreneurship, Technology
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Accion Venture Lab Marks Second Successful Exit, Driving Social and Financial Impact from Investment in Clip
Accion Venture Lab, the seed-stage investment initiative of financial inclusion leader Accion, announced today that it has marked its second successful exit, further demonstrating the potential for early stage investments to generate social and financial returns. Venture Lab has sold its stake in Clip, a Palo Alto and Mexico City-based company that provides cost-effective and efficient digital payment solutions to the often financially underserved segment of micro, small, and medium enterprises (MSMEs) in Mexico.
- Categories
- Investing
- Region
- Latin America
- Tags
- impact investing, SME, SME finance
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World Bank Invests in Myanmar’s Financial Inclusion, $100M in Credit
The World Bank established the Financial Sector Development Project to support Myanmar’s SMEs — the latest sign of progress in the country’s economy.
- Categories
- Investing
- Region
- South Asia
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Most Influential Post Nominee: 10 Developments Shaping Smallholder Finance in Africa
This post tackles a tough question: How do we reduce the risk of agricultural activities so that financial institutions will provide loans to small farmers in developing countries? It proved to be the most popular article on NB in August, and thus earned a spot in our annual Most Influential Post contest. We're publishing a new entrant in the contest every day through Jan. 2 and we'll announce the winner Jan. 4.
- Categories
- Agriculture
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Wari And Mastercard Partner to Deliver Digital Payment Solutions In 35 African Markets
Wari and Mastercard signed a Strategic Alliance Agreement that will help strengthen the Wari offering for its users but also the digital payment ecosystem in 35 African markets.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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