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.
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
High transaction costs and high levels of risk are among the most commonly cited reasons why banks do not lend to agriculture. Reaching farmers in rural areas can be costly for banks, especially when the value of loans is small. In addition, agricultural activities are exposed to a further range of risks, including climate, yield, price, and quality. These issues make it challenging for banks to lend sustainably. Value chain finance (VCF) might be a solution. Helping banks overcome both high transaction costs and risks related to lending to agriculture. Transaction costs can be reduced by utilizing aggregators to disburse loans, monitor clients and recover funds. While risks can be reduced through improved assessment of the creditworthiness of clients. Given the apparent benefits of the VCF model, the question is why are more banks not aggressively utilizing such lend... Read more