Serving the Unique Needs of Micro Businesses
A virtual roundtable summary.
As the COVID-19 pandemic continues, many banks and development finance institutions (DFIs) are exploring new ways to support MSME clients lacking business or marketplace access. For women-owned micro-businesses, which comprise some of the hardest-hit sectors, their needs in response to the crisis go beyond simply needing loan moratoriums or restructuring.
Scaling up cooperation among DFIs in response to COVID-19
A group of more than 25 development finance institutions (DFIs) including IFC - International Finance Corporation is scaling up cooperation in response to COVID-19. They have committed to provide and mobilize billions of dollars of funding to help the private sector deliver critical healthcare supplies, ensure micro, small, and medium businesses have access to capital, and strengthen global supply chains which sustain millions of workers in developing countries.
FinovateAsia Digital 2020
Online virtual conference
In response to COVID-19 and the unpredictability of travel plans for the short term, FinovateAsia is going digital in 2020.
FinovateAsia Digital won't be like other digital events you’ve seen before. With 500+ global attendees and 100+ expert speakers, there's no better way to stay informed and find the next big advantage, before your competition does.
Data Story: The importance of supporting MSMEs during the pandemic
Micro, Small, and Medium Enterprises (MSMEs) play a significant role in most economies. According to the World Bank, they represent about 90% of businesses and 50% of employment worldwide. In emerging markets, most formal jobs are generated by SMEs, that is, seven out of ten posts.
Member News: nanopay joins the SME Finance Forum global membership network
Washington, D.C., May 19th, 2020 –nanopay Corporation 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.
Member Pulse Survey #2 on the Impact of COVID-19 - May
One of the most important aspects of any crisis is the ability to adjust quickly to the situation. The SME Finance Forum team sent out a survey to its members in April to assess how their institutions and their SME clients are coping so far with the disruptions. One month on, we shared an update of the initial pulse survey.
Virtual Roundtable Series on COVID-19 Mitigation Efforts #9: SME Finance Businesses Thriving amid Chaos
Featuring CashDirector, F-Road, GRAB, Qlana, and Topicus
By invitation only
The world is navigating uncharted waters as the pandemic continues to disrupt people’s lives across the globe. Millions of jobs are lost as many of the MSMEs, which account for 90% of the businesses and 50% of the employment worldwide, are being affected by the COVID19 and the containment measures.