A unique platform for policymakers to discuss, innovate and create smart policies that help micro, small and medium enterprises (MSME) access to finance and formal financial services.
Created in 2013, AFI’s SME Finance Working Group (SMEFWG) promotes the discussion and the implementation of smart policy frames that facilitate access of MSMEs to finance and provide a platform for AFI member institutions to discuss the challenges and opportunities to achieve sustainable development for this niche of the global economy.
Its outcomes shed light on different policies solutions and lessons learned from the national implementation of direct interventions and programs.
Waleed Eid Samarah, Central Bank of Jordan
Jason Barrantes - SUGEF Costa Rica
Supply Chain Finance (SCF) companies are fast emerging as preferred lending solutions partners for the vastly under-served MSME sector. Powered by new-age, advanced financial technologies, new SCF tools hold the promise to mitigate the funding woes of small-scale businesses. SCF lenders have a wider outreach among small businesses, ensuring faster loan approvals and seamless transaction processing on timely schedules with flexible terms. With the current pandemic of COVID-19, the disruption of the global supply chain, many of which will impact related financing structures from a macro perspective of which the demand patterns in our economy will have a distorting impact on business and industries, resulting in flow-on effects for supply chains and, by extension, the financing structures that support them.- Read More
MSMEs play a huge role in facilitating economic development, including employment, GDP and export. In spite of their importance, access to financing is still one of the challenges to growth due to shortage of MSME credit data, also known as ‘thin file’ borrowers. A better methodology of MSME data collection and utilization will encourage countries to relook at their financial inclusion indicators for MSMEs and develop better policies in the direction of improvement.- Read More