Ecobank Nigeria said it has successfully removed over two million plastic bottles in exchange for cash from the streets of Lagos.
The campaign which started in May targeted to remove at least four million PET bottles from the environment was part of the bank’s environmental sustainability campaign.
Washington, D.C., July 29th, 2019 – INBONIS RATING became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
ACCESS Bank Plc granted about N37 billion loans to small and medium enterprises (SMEs) in the immediate past business year as the commercial bank concludes arrangements to launch an innovative portal that allows customers to process their loan application online.
IFC began partnering with Bank Audi in 2015. IFC provided the company with detailed advice on how to launch a pioneering line of collateral-free small business loans—and since Bank Audi joined forces with IFC, it has disbursed 5,000 of these loans. The project is part of a larger effort by IFC to extend financial services to small businesses across the Middle East and North Africa (MENA), creating jobs and jump-starting growth along the way.
The Empirical Research Findings report provides a detailed summary of our applied research based on data from six non-bank financial services providers, two of which are SME Finance Forum's members – Accion, Kabbage, Brigit, LendUp, Oportun, and Petal – that have begun using cash-flow variables and scores in an effort to increase the provision of credit to consumers and small businesses who may have difficulty obtaining loans from traditional sources.
Over the next five years, Mastercard and SumUp will bring electronic payment acceptance to several million small and medium-sized companies across Europe. This partnership is yet another significant step in displacing cash and driving financial inclusion for small European businesses and supporting their entry into the formal economy.
Using real-time payments data and a risk-management system that analyzes more than 3,000 variables, Ma’s four-year-old MYbank has lent 2 trillion yuan ($290 billion) to nearly 16 million small companies.
BDC supports 60,000 business owners across Canada. BDC highlights for 2018-19 include:
This year, the Group of Seven (G7) outlined an agenda to fight inequality. As part of this agenda, the G7 Partnership for Women’s Digital Financial Inclusion in Africa will support African governments, central banks, and financial institutions in their efforts to build more inclusive, sustainable, and responsible digital financial systems, ensuring that 400 million more African adults are financially included—nearly 60 percent of whom are women. Essential to efforts to expand digital financial inclusion to women
The Philippine economy in particular has been consistently growing by 5.3% per year, driven by favourable economic conditions and strong macroeconomic fundamentals. However, this promising growth can only be achieved sustainably and inclusively if roadblocks currently faced by the lifeblood of the country’s economy - its small and medium-sized enterprises (SMEs) - are addressed.
Originally posted on WEF website.
