Accelerating access to finance and growth for SMEs in emerging markets is the essence of the partnership between PUM Netherlands senior experts and BiD Network. Working together successfully for over two years in Uganda, nine SMEs have been able to attract investment. This month, both parties agreed to intensify their collaboration by expanding to Rwanda and Kenya.
What is unique about the collaboration between BiD Network and PUM, is that it is now possible to offer entrepreneurs a total package. Of course, the entrepreneur is responsible for his or her own company, but essential knowledge and investments are often unattainable. This collaboration offers entrepreneurs the opportunity to take concrete steps and to contribute to the economic development in their country.
Gert van Veldhuisen, CEO BiD Network: ‘’BiD Network and PUM have many synergies and complement each other in the work they do for entrepreneurs in Africa. Where PUM strengthens the... Read more
The Global SME Finance Awards will recognize outstanding achievements of financial institutions and fintech companies in delivering exceptional products and services to their SME clients.
In the last year, if your institution has successfully launched an innovative product or service for SME clients, achieved remarkable results in providing finance to SMEs, or is an innovator in digital financial services, submit your nomination in these categories (each institution can be considered for up to two categories). Winners will be announced at the Global SME Finance Forum 2018 in Madrid.
- Product Innovation of the Year
- SME Bank of the Year
- Responsible Digital Innovator of the Year
Deadline for submission: 23 July 2018
Reach: What is the number of MSMEs served/financed and volume of fina... Read more
“Reaching the Informal: the Role of Finance in Improving the Growth and Productivity of SMEs”
The conference will showcase unique perspectives of industry leaders, rich experiences of successful practitioners, and the impactful financial innovations that contribute to improved access to financing for many micro, small and medium sized enterprises from around the world. Under the theme “Reaching the Informal: the Role of Finance in Improving the Growth and Productivity of SMEs”, the forum will explore how innovation in technology, regulation and partnerships can help overcome various informality problems, and open up a far larger market for profitable, sustainable, responsible financial services.
Furthermore, the winners of the Global SME Finance Awards - that recognize outstanding achievements of financial institutions and fintech companies in delivering innovative products and services to their SME clients - will be announced during the event! The deadline for submission of nom... Read more
FACTS helps fast growing SMEs in East Africa manage the timing of liquidity: getting paid when goods are delivered instead of waiting for client payment, which can take up to 60 to 90 days. Their product is called Supply Chain Finance: a new concept in Africa, addressing the “missing middle” not served by banks or microfinancing institutions. FACTS established a firm basis in this field over the past 18 months, supported by management investments and institutions such as the Dutch Good Growth Fund, ICCO Investments and SEAF, and is now ready to scale up.
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