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Scaling-Up SME Access to Financial Services (English)

Small and Medium Enterprises (SMEs) play a major role in economic development, particularly in emerging countries, but access to finance remains a key constraint to SME. In the light of the new understanding of the SME finance challenges that this report synthesizes, the Financial Inclusion Experts Group (FIEG) makes key recommendations for the G-20 leaders, in order to achieve a global scale-up of SME access to financial services in the developing world. The G-20 FIEG SME Finance Sub-Group executed a global SME Finance stocktaking exercise with various SME finance models to establish best practices in SME Finance.The report concludes that, given the fragmented SME finance data space, the G-20 has a unique opportunity to lead the collaborative effort on improving the availability and quality of SME finance data globally. This can be achieved through encouraging and coordinating the data collection efforts at regional, national, and global levels conducted by a multitude of sources including national governments/agencies and international organizations and effectively addressing the data collection challenges along the way to ensure continuity of these efforts moving forward.

Details

  • Document Date

    2010/11/01

  • Document Type

    Other Financial Sector Study

  • Report Number

    68734

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2012/05/22

  • Disclosure Status

    Disclosed

  • Doc Name

    Scaling-Up SME Access to Financial Services

  • Keywords

    advantage of economies of scale;Payments for Goods and Services;legal and regulatory framework;accounting and auditing standard;access to financial service;source of investment finance;small and medium enterprise;access to capital market;Internal rate of return;access to bank loan;informal sector;per capita income;high tax rate;cross-country data;net job creation;credit information system;access to financing;external financing sources;private equity investor;law and regulation;probability of default;sale of asset;loans to individual;interest rate ceiling;rules of conduct;working capital finance;family and friends;property as collateral;demand for good;risk management techniques;global financial crisis;availability of data;share of employment;support sme;constraints to growth;social security administration;regional development policy;social security system;public credit registry;credit reporting system;size of enterprise;information on borrower;risk management purposes;credit scoring model;total labor force;social security coverage;loan application procedure;private sector initiative;growth and development;source of funding;return on capital;skill and business;private sector player;international capital market;incentive for bank;cost effective way;financial literacy training;form of credit;Rule of Law;country income group;access to information;sustainable business practice;equity fund;credit bureaus;Learning and Innovation Credit;emerging country;enterprise survey;Credit History;supply side;credit condition;financial infrastructure;business environment;Equity Finance;checking account;supplier credit;commercial bank;large enterprise;trade credit;credit gap;credit facilities;government support;supportive legal;registered business;enabling environment;formal employment;traditional business;manufacturing sector;shadow economy;Informal Economy;labor regulation;simple average;external source;credit crunch;legal procedure;market development;core indicator;investment fund;small loan;regulatory burden;factor market;average share;risk weight;Banking Regulation;creditor right;insolvency regime;collateral regime;stock exchange;market failure;financing constraint;collaborative effort;equity financing;External Finance;Bank Credit;emergency measure;settlement system;default risk;global impact;investment capital;rating agency;crisis support;collateral requirement;trade financing;data gaps;business lending;job loss;track age;credit term;long-term loan;public fund;market segment;trading platform;eligibility criterion;financing option;traditional banking;land title;poor collateral;capital requirement;innovative sme;short-term credit;skill set;market knowledge;fundraising effort;Cash flow;bank debt;binding constraint;primary source;markets lack;ownership interest;moral hazard;payment term;credit squeeze;risk averse;lending risk;empirical study;capital allocation;obligatory audits;risk characteristic;loan portfolio;raising capital;information asymmetry;adverse selection;government response;technology base;potential borrower;quantitative indicators;security law;open account;credit worthy;regulatory environment;market competition;bank margin;retained earnings;institutional loan;Emerging economies;overhead cost;controlled company;public offering;fixed asset;Fixed Assets;general partner;management expertise;cumulative target;emerging economy;investment period;direct investment;investee companies;governance policy;investment vehicle;registration status;management education;physical outreach;electricity shortage;physical infrastructure;formal manufacturing;financial constraint;Investment strategies;local management;expanding credit;business model;account receivable;community bank;business angel;Collateral Registries;client needs;equity capital;employment growth;market access;vertical linkage;horizontal linkage;payment default;credit product;lending service;banking relationship;cash management;delivery model;contract enforcement;market environment

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Citation

Scaling-Up SME Access to Financial Services (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/281751468340217544/Scaling-Up-SME-Access-to-Financial-Services