The Green for Growth Fund (GGF), which invests in reductions in pollution and energy usage in Eurasia and North Africa, recently accepted an investment of EUR 15 million (USD 19 million) from the German Federal Ministry for Economic Cooperation and Development, which is also known by its German acronym BMZ, to boost the fund’s investment in
“SMEs and SDGs: Supporting Small and Medium Enterprises to Achieve the Sustainable Development Goals,” by Maria Teresa Zappia and Lisa Sherk, published by BlueOrchard, November 2017, 28 pages, available at http://www.blueorchard.com/smes-sdgs-supporting-small-medium-enterprises-achieve-sustainable-development-goals-insights-blueorchard-survey/
In this report, the authors explore how improving the business climate for small and medium-sized enterprises (SMEs), may help achieve many of the UN’s Sustainable Development Goals (SDGs), 17 guiding principles intended to help combat poverty, protect the environment, and encourage economic and political stability.
Ms Zappia and Ms Sherk surveyed financial institutions that lend to SMEs in the Caucasus, Central and South America, East Asia and
“Mastercard Index of Women Entrepreneurs 2017,” published by Mastercard, March 2017, 31 pages, available at https://newsroom.mastercard.com/eu/files/2017/03/Report-Mastercard-Index-of-Women-Entrepreneurs-2017-Mar-3.pdf
This tool is intended to measure the evolution of women’s participation in business around the world. The authors apply a set of 37 indicators to data from 54 economies to explore the variations in: (1) women’s advancement; (2) knowledge assets and financial access; and (3) supporting entrepreneurial conditions. One of the primary women’s-advancement indicators is the percentage of CEOs and managers that are women in a given country. Six of the top 10 performers are upper-middle-income countries, with Canada and New Zealand being the only
The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently arranged a syndicated loan in the amount of USD 67.5 million for the Beirut-based Lebanon and Gulf Bank (LGB Bank) to support small and medium-sized enterprises (SMEs) in Lebanon. The
Sanadcom for Business Finance, a lender to small and medium-sized enterprises (SMEs) in Jordan, recently launched with two “anchor” investors: Microfund for Women, a Jordanian microfinance institution, and GMS Ventures and Investments, a subsidiary of Jordan’s GMS Holdings. Sanadcom has enjoyed “additional equity funding and support” from the Sanad Fund for MSME (micro-, small and medium-sized enterprises), a European investor in North Africa and the Middle East, and
Fransabank SAL, a Beirut-based commercial bank with 124 branches in nine countries, recently received a loan of USD 20 million from the Sanad Fund for MSME (micro-, small and medium-sized enterprises), a European investor in North Africa and the Middle East. Fransabank plans to use the funds to
During the closing day of European Microfinance Week, Imran Matin of the US-based nonprofit Innovations for Poverty Action (IPA) stressed the importance of not just whether women will use financial services, but “what account ownership will translate into in terms of achievement.” Foreshadowing a theme of the session, he added that “intra-household dynamics is very important and also particularly difficult to measure.”
Bdour Al-Hyari of Jordan’s Microfund for Women (MFW) described a long-running insurance product offered by her microfinance institution (MFI). The coverage provides cash to clients who are hospitalized or have a family member who is. While health issues were a major cause of default in the past, women who got “hospital cash” from MFW reportedly repaid their loans at a rate of
Event Name: Ethical Finance Innovation Challenge and Awards Gala Dinner
Event Date: November 15, 2017
Event Location: The Ritz Carlton, Dubai International Financial Centre, United Arab Emirates
The European Microfinance Platform (e-MFP) recently announced the following finalists for the European Microfinance Award, which in 2017 is focused on housing: First Microfinance Bank Afghanistan, Peru’s Mibanco and Mexico’s Cooperative Tosepantomin. The award, with a cash prize of EUR 100,000 (USD 118,000), will be presented during European Microfinance Week in
The Pakistani subsidiary of Switzerland-based food company Nestlé recently partnered with Telenor Microfinance Bank Limited, a Pakistani branch of Norway’s Telenor Group, to provide microloans to its dairy farmer suppliers via Telenor Microfinance’s mobile wallet service, Easypaisa. The program reportedly uses a “digital credit score card and analytics, thus considerably reducing
Italy’s MicroFinanza Rating (MFR) issued two microfinance institutional ratings during September. Palestine’s Asala Company for Credit and Development was assigned a grade of BB+ with a “stable” outlook, and Inkunga Finance of Rwanda was assigned a grade of
The Sanad Technical Assistance Facility, an affiliate of the Sanad Fund for MSME (Micro-, Small and Medium-sized Enterprises) that supports lenders to
The Sanad Fund for MSME (Micro-, Small and Medium-sized Enterprise), a provider of loans and equity to financial institutions in the Middle East and North Africa, recently announced it will loan USD 20 million to Byblos Bank, a commercial bank based in Lebanon, to on-lend to small and medium-sized enterprises (SMEs).
The United Nations’ World Food Programme (WFP) is helping Syrian refugees in Jordan’s Azraq camp buy food from supermarkets inside the camp utilizing blockchain technology from Switzerland’s Ethereum Foundation.
Ghana-based AgroCenta recently won USD 20,000 in the Fincluders Startup Challenge, which was created to support new companies seeking to increase financial inclusion.
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it will loan USD 2 million in local currency to Microfund for Women (MFW), a microfinance institution in Jordan, to support female entrepreneurs in that country.
The government of Pakistan recently announced the start the Pakistan Financial Inclusion and Infrastructure Project with funding totaling USD 130 million from two arms of the World Bank, the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Three Pakistani organizations will carry out the project: the Pakistan Microfinance Investment Company, a new organization funded by
“The Africa and Middle East Alternative Finance Benchmarking Report”; by The Cambridge Centre for Alternative Finance (CCAF) and Energy4Impact; published by CCAF; February 2017; 64 pages; available at https://www.scribd.com/document/338995486/CCAF-Africa-and-Middle-East-Alternative-Finance-Report-2017#download&from_embed/
This report focuses on assessing the types and prevalence of alternative financing in Africa and the Middle East.