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
Digital bulk payments have the potential to connect millions of poor farmers to digital financial services. This report from CGAP and UNCDF recounts UNCDF's efforts to digitize payments to coffee farmers in Uganda, where just 29 percent of adults actively used mobile money in 2014. It shares lessons for donors, financial services providers and agricultural firms that are interested in digitizing agricultural value chains.
According to expert reports, agriculture sector in Africa is the least productive in the world. Small-scale and subsistence farmers, pastoralists, and fishermen produce most of the food consumed in this region, yet they continue to face a number of challenges. Lack of capital for investment contributes significantly to the lowering of small scale farmers’ productivity levels.
How can formal financial institutions provide agricultural credit that meets the unique demands of the entire agricultural?
“Agriculture in African countries is massively under-funded”.
1. Financial inclusion and innovation in Agriculture· Inclusive investment
2. Value chain financing· Building competitive commercial Value Chains
3.Doing Successful Agribusiness in Africa· 1) Enabling farmers to think like business people 2) Important Business initiatives and skills
4.Public-private partnerships· 1) Source of le... Read more
24 April 2017, Max Mattern
CGAP notes in a recently released publication, “Digitizing Value Chain Finance for Smallholders,” innovations in digital financial services offer an unprecedented opportunity to extend the reach of value chain finance. By increasing the information available on smallholders’ financial and agricultural lives and reducing transaction costs, these services have the potential to provide excluded smallholder segments with a range of products and services designed to increase productivity, manage risk, and access new markets. For example, aggregation and analysis of digital data related to sales, payments, and seasonality of cash flows among value chain actors promise to overcome barriers to providing credit not only to smallholders, but also to the traders, processors, and retailers that serve them. At the same time, branchless banking and the rise of mobile devices are making payments to and from small... Read more
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Given the uncertainty and risks, are financial institutions capable of extending credit that is low cost, less risky and highly accessible to agricultural value chain actors? Where most financial institutions see a challenge, we at Samunnati saw an opportunity in lending to smallholder farmers and agribusinesses in India. Drawing from years of experience in the banking and agriculture sector, we developed a multi-layered, lending solution to manage risk effectively. Some of the major product and process innovations we implemented include:
Value Chain Approach: While evaluating agribusinesses and smallholder farmers, it is essential to make decisions about financing based on the strength of the buyer-seller relationship. Before selecting our potential customers, we invest time... Read more
Financial Access Consulting Services (www.financialxs.com) is a global financial services consulting firm, headquartered in The Netherlands. Our company was founded in 1991 by global financial services group ING and was taken private in a management buy-out in 2007. We provide innovative solutions and advisory services to banks, Microfinance Institutions, credit cooperatives and investors active in the SME and Agricultural sectors. We are specialized in developing highly customized and sustainable solutions to create access to affordable finance for smallholder farmers and SME agri enterprises in agricultural value chains. The value of the Financial Access approach lies primarily in achieving improved access-to-finance through a combination of capacity development, knowledge sharing, financial structuring and delivery of analytic, loan process and credit risk management and scoring (IT) tools. We are primarily active in the emerging markets i... Read more