The document discusses enhancing access to finance for small and medium enterprises (SMEs) in the Middle East and North Africa region. It notes that there are 19-23 million SMEs in the region facing a financing gap of $210-240 billion. SME finance from banks is low, at around 8% on average. Serving SMEs can be profitable for banks, with returns on equity ranging from 20-40% for some best practice banks. The document outlines various challenges to SME financing and recommendations to address them, including strengthening legal frameworks, financial infrastructure, public support programs, and bank capacity building. The International Finance Corporation provides various advisory services and tools to support SME development.
Msme funding – Opportunities & Challenges (Part 5)Resurgent India
In India, the preferred mode of finance is either self or other sources. This further complicates the situation, as with these sources an enterprise cannot challenge the increasing competition
Msme funding – Opportunities & Challenges (Part 5)Resurgent India
In India, the preferred mode of finance is either self or other sources. This further complicates the situation, as with these sources an enterprise cannot challenge the increasing competition
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
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Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
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14463813.ppt
1. ENHANCING ACCESS TO FINANCE FOR SMEs
(Key Regional Insights & Leading Practices)
Qamar Saleem
Senior SME Banking Specialist, MENA
IFC Advisory Services
March 19th, 2014
2. Key Messages
Sizeable SME population in MENA region (19-23 million) largely lacking
access to credit ($210-240 billion financing gap)
SME finance from the banking sector is low in MENA (8%); Oman only
2%. Multiple access to finance challenges inhibit growth
Serving SMEs can be profitable with ROEs ranging from 20-40% amongst
some of the best practice banks
IFC as part of G20 SME Finance sub-group recently reviewed global
SME finance practices & reviewed 164 models
Significance of legal & regulatory framework, financial infrastructure,
public sector interventions & capacity building for banks emphasized
IFC as a knowledge leader in SME finance has a range of services and
knowledge collateral available to support SME development
2
3. 3
SOURCE: McKinsey-IFC MSME Database 2011
There are 19-23 million Micro Small & Medium Enterprises in the
MENA facing a financing gap of $210-240 billion
Total 19-23
Informal 12.9-15.7
Micro
(1-4 employees)
4.2-5.2
Very small
(5-9 employees)
0.9-1.0
Small
(10-49 employees)
0.8-0.9
Medium
(50-250 employees)
0.4-0.5
Number of MSMEs in MENA by size
Millions
“Formal” SME’s (>5 employees) by
country ‘000
SOURCE: IFC-McKinsey database 2011, Country statistical offices
Jordan 16-20
Kuwait 28-35
Oman 10-12
UAE 80-90
Yemen 60-70
Iraq 150-190
Saudi Arabia 120-140
Sudan 140-160
Morocco 200-250
Egypt 200-250
Algeria 180-200
Formal
SMEs
10%
4. 4
Unemployment amongst Youth and limited financial inclusion of
Women remain key areas of concern in the region
SOURCE: IFC, Education for Employment Report, 2011 SOURCE: IFC. Strengthening Access to Finance for Women-Owned
SMEs in Developing Countries
Youth unemployment Women in Business
5. 5
SOURCE: Union of Arab Banks/World Bank Financial Flagship Report 2011
SME finance has ~2% share in Oman, one of the lowest in the region
7. 7
SOURCE: Union of Arab Banks/World Bank Financial Flagship Report 2011
There are multiple obstacles faced by financial institutions – information
asymmetry, collateral, & enabling environment are key issues
% of banks responding that obstacle is very important or important for SME Financing
8. 8
SOURCE: SMEs in MENA: Leveraging Growth Finance for Sustainable Development (Citi Foundation and Shell Foundation)
There are various barriers for SMEs as well to obtain funding –
collateral, pricing, advisory requirements being the key areas
9. IFC completed a review of leading SME finance practices and models as
part of our work with the G20
G20 SME finance Sub Group identified successful
practices & policy measures for SMEs in 2011
Work involved review of 164 different models globally
and subsequent policy requirements
Key Recommendations from the G20 Sub-Group
Developing specific country strategies
Developing supporting legal & Regulatory framework
Building reliable data sources for SME finance
Strengthening the financial infrastructure
Effective government support mechanisms
Building the capacity of financial institutions
Address specific market failures e.g. women and
sustainable energy
SME Finance Policy Guide – issued October
2011 by IFC
9
10. Country level strategies and supportive legal & regulatory
environment are needed to enhance access to finance for SMEs
Ensure effective collection &
monitoring of data for
efficiency of measures
Strengthen credit reporting to
even the playing field between
small and big banks
Avoid over restrictive licensing
requirements to significantly
increase competition levels
Support non-FI alternatives to
bank lending in the market e.g.
leasing and factoring
Case Study:
SME Corporation,
Malaysia
Single dedicated agency to formulate and
coordinate overall policies & strategies for SMEs
Malaysia Incorporated (established 1983) and
PEMUDAH task force (launched 2007) for public-
private sector collaboration
Bling (business linkages) program to facilitate
SMEs supplying to large companies
Launch of SCORE (A diagnostic tool to rate and
enhance competitiveness of SMEs) in 2007
INNOCERT (Innovation Certification for
Enterprise Rating and Transformation
Programme) program
10
1
11. Financial infrastructure needs to be strengthened for improved
transparency of SMEs
Accounting and audit requirements
need a balance between transparency
& regulatory simplicity
Credit bureau & registries need
complimentary systems for personal
and business information from all
players (ie FI and Non-FI)
SME rating agencies offer a potential
alternative, but need a certain
critical market size (e.g. India)
Case Study:
SME Rating Agency of India
India’s 1st rating agency for MSME’s
Diversified equity ownership by 11
banks allowed lenders to accept rating
and extend financial and non-financial
benefits
SMEs are bucketed by size for peer
comparisons
Rating fee < $1155, subsidized by the
government by 75%
SMERA forecast to reach out to over
80,000 SMEs over the next 5 years
11
2
12. ….and financial infrastructure can be strengthened for venture capital
and private equity access to the SME market
Secured transaction
regimes should allow for a
wide range of enforceable
collateral & out of court
enforcement options
Improve corporate
governance practices should
allow venture Capital/
private Equity access to SMEs
SME stock Exchanges have
only proven marginally
useful due to low volumes
and a lack of investor
interest
Case Study: INOVAR Program, Brazil
Objective: to strengthen investment in new
technology SMEs and to establish Venture capital
Created a research and information
dissemination platform and developed mgt
capacity to accelerate VC investment
Established a VC portal where investors and
entrepreneurs register
Allows for the provision of business plans and
joint due diligence for VC funds
20 venture forums established and over $1
billion in VC/ PE investment made in SMEs
12
2
13. Effective public sector interventions needed to widen opportunities,
build SME capacities and avoid market distortions
Credit guarantees can be
highly effective, but subsidies
should be minimized to clear
market failure areas
Government procurement
can link SMEs into supply
chain finance, providing they
are paid on time
MSME capacity measures e.g.
training should ideally be on a
commercial/near-commercial
basis and become scalable
Case Study:
FOGAPE, Chile
Outreach– 30,000 guarantees issued (1,800 per
million people)
Finance – Targeted to small businesses, low
ceilings
Distribution – Through its partner lending
institutions
Coverage – 70-80%, higher for investment loans
Approach – Portfolio/program Lending
Fees- risk-based (1-2%)
Delinquency - Net loss rate = 1.5%
13
3
14. 14
SOURCE: World Bank-A review of Credit Guarantee Schemes in MENA region
….currently credit guarantee schemes outreach in MENA is low –
benchmark country averages (2,080/million people; 1.2% of GDP)
3
15. 15
Banks can play a leading role but capacity of financial institutions
needs to be enhanced to effectively manage SME business
4
SOURCE: IFC Analysis
Key areas where core competencies are required for successful SME banking
16. ….and serving SME segment is much more than lending, best practice
banks follow a differentiated approaches
Case Study:
Wells Fargo, USA
Outreach– 764,200 small businesses
served
Finance – $20.2 billion in loans;
average loan size $26k
Distribution – Through its branch
network, market alliances & heavy use
of alternate channels
Products – 43 offered; 7 Merchant, 8
Asset, 3 Liability, 5 Alt. Channels, 9
Advisory, 9 Insurance, 2 Payroll
Resource Center – extensive business
counselling services and tools offered
16
4
Optimal revenue mix should be targeted into a
3-way revenue distribution (deposit,
transactional, lending)
Phased lending growth possible using product
programs, modelling tools, strong portfolio
monitoring and collections framework
Liability and transactional product bundles
needed; best practice SME Banks have liability
2-3 times the assets
Sophisticated sales & service model to
increase market coverage & sales effectiveness
Managing costs through alternative channels
usage, automation, RM productivity/
certification and client coverage models
Differentiate through unique segment
solutions to attract higher customer wallet
17. 17
Specific market failures like financial services to Women-in-business
& Sustainable energy finance (SEF) need to be addressed
Case Study: Women Entrepreneur
Package, Garanti Bank, Turkey
Objective to meet businesswomen’s network,
training and financial needs
Provision of customized suite of services and a
support loan and financial training
Reached out to 8,400 women and $156 m USD
lending disbursed
Economic impetus - 31 to 38%
of SMEs in developing countries
are owned by women – MENA
average is 12-15%
Women owned SMEs is a
profitable opportunity but
requires a tailored methodology
Key approaches adopted for
SEF are a) legal and policy
reforms, b) lending facilities
targeting banks and/or directly
SMEs; c) technical assistance to
raise awareness
5
Case Study:
Erste, Czech Republic
FINESA (Financing Energy Saving Applications)
developed. IFC supported bank, identified SEF
potential in Czech market- identified SEF potential in
Czech market (10M people), $7.3 billion over 6 years
CS became leading bank in Czech sustainable energy
market, with a $650M (Euro 500M) portfolio, 1700+
new deposit accounts valued at $10 million
In Collaboration with IFC
18. 18
IFC provides a combination of Investment and Advisory Services for
optimal results
ADVISORY
INVESTMENT
Capacity
Building for FIs
• Build capacity of FIs in strategy, market segmentation, credit risk
management, product development through new approaches and systems to
scale up their financing for SMEs on a sustainable basis
• Promote sub-sector focus: women-owned SMEs, sustainable energy SME
projects, agri SMEs, leasing, etc
• Raise awareness on best practices in the SME Finance space
Financial
Infrastructure
• Develop credit reporting infrastructure based on country needs
• Support development of secured transactions, collateral registries, legal and
regulatory framework
• Build capacity of public/private stakeholders through advice and training
SME Financing
& Investments
• Equity Investments in Financial Institutions / Equity Funds for SMEs
• Funded lines to expand investment and working capital lines especially in
illiquid markets
• Blended finance options to support the expansion of IFC’s risk appetite
(e.g. grace periods, performance based pricing, subordination, higher risk
/lower security or in limited cases, local currency positions) [for selected
projects]
• Focus underserved segments, e.g., gender, fragile/conflict, agri, climate
Risk Mitigation
&
Enhancements
• Risk Sharing Facilities / Partial Credit Guarantees to:
- Enhance risk taking capacity and provide capital relief via low risk
weightings
- Avoid FX mismatches and encourage domestic resources for SME
financing
19. 19
SME Banking Knowledge Guide: Outlines
leading practices and success factors for
profitable SME banking operations. Guide
has been translated into Arabic, Chinese,
French, Russian and Spanish.
SME Banking Training Program: IFC
offers two courses: An introduction or
Scaling up course. The three day course
consists of modules, case studies and
exercises covering the following areas:
business models for SME Banking, identifying
Market Opportunities, Customer
Management, Products & Services, Sales,
Credit Risk Management, IT & MIS,
SME Banking CHECK Diagnostic Tool:
A guide to assess SME banking
operations and design relevant
advisory services projects.
Assessing & Mapping the Global Gap
in SME Finance: A joint IFC &
McKinsey report that assesses and
maps the global gap in SME finance,
including the number of enterprises by
region, size and formality, as well as
SME’s access to credit and value of the
credit gap.
Customer Management Best Practice
Guide: The guide outlines key success
factors in better serving the SME clients and
allowing banks to maximize the revenue
opportunity. It is primarily a technical
publication, intended for bank directors and
managers interested in acquiring the key
capabilities to enhance growth and revenue,
as well as building and retaining profitable
customer relationships amidst ever-
increasing competition for the SME segment.
Customer Management Tools: provision
of wallet sizing, du pont model and
revenue projection models for the SME
segment
SME Banking Benchmarking: An online
SME Benchmarking Survey,
automatically benchmarks SME banking
practices.
Market Segmentation Tool: Generates
information that can be used by the
Bank to make a decision whether to
invest in developing its SME
operations, identify target SME
segments, and decide how to target
them, design & sell products
Supported by innovative tools …