EBRD JORDAN MSME FRAMEWORK INCREASING MSMES ACCESS TO FINANCE IN JORDAN WHAT
|
|
- Elfrieda Shields
- 5 years ago
- Views:
Transcription
1 EBRD JORDAN MSME FRAMEWORK INCREASING MSMES ACCESS TO FINANCE IN JORDAN WHAT THE MARKET SAYS? MR. MERT DEDEBAS 10 MARCH,2016 AMMAN -JORDAN
2 WHY SME BANKING? Risk Management Profitability
3 WHY SME BANKING? - RISK MANAGEMENT Portfolio Diversification Deposit Stability Low level of market fluctuation Basel III committee: Considered SMEs customers are behaviourally more stable, giving them advantageous situations in Risk calculations. (Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), minimum capital requirements calculation)
4 WHY SME BANKING? - PROFITABILITY Untapped Potential - easy portfolio increase with relatively good clients for the banks which act quicker than its peers. Higher Margin - new risk segment for banks higher pricing.
5 STUDY OBJECTIVES & METHODOLOGY Demand analysis Provide overview of the characteristics of Jordanian MSMEs Analyze current patterns of MSMEs access to finance & banking services in Jordan Assess financing needs of MSMEs for financial and non-financial products and services Assess demand among MSMEs for financial products in the new segments MSMEs Sample: 416 face-to-face interviews with MSMEs in Aug- Sep 2015 Locations: Amman, Zarqa, Irbid, Karak and Aqaba Size: Micro, Small & Medium Business sector: Trade, Services, Industry & Agriculture Supply analysis Provide overview of the financial sector in Jordan and its performance regarding MSME lending Assess existing and relevant financial products and services for MSMEs offered by relevant stakeholders Evaluate supply of financial products in the new segments (Gender Finance, Energy Efficiency and Renewable Energy Finance, Start-up Finance and MSMEs outside Amman) Supply Survey: 26 organisations have been interviewed Governmental Institutions, Banks, Regulatory Bodies, Business Associations, IFIs, Microfinance Institutions 5
6 ENABLING ENVIRONMENT - DOING BUSINESS IN JORDAN Current status Government Plan - Jordan 2025 Topics 2015 Rank Ease of Doing Business 117 Starting a Business 86 Dealing with Construction Permits 126 Getting Electricity 44 Registering Property 107 Getting Credit 185 Protecting Minority Investors 154 Paying Taxes 45 Trading Across Borders 54 Enforcing Contracts 114 Resolving Insolvency 145 Global competitiveness index 66 Topics Doing Business Index Target Ranking 2025 Ease of Doing Business 75 Getting Credit 70 Global competitiveness index 50 The report stated that among the most problematic factors of doing business in Jordan: o o o Restrictive labour regulations Tax regulations & rates Access to finance Jordan ranked 185 out of 189 countries regarding the indicator Getting Credit due to a number of reasons including: The lack of risk assessment based lending and information provided by credit bureau or credit registry which prevents commercial banks from providing loans to their clients based on their credit history. Sources: The World Bank, Doing Business Report and Jordan 2025 Blueprint 6
7 ENABLING ENVIRONMENT - LEGAL FRAMEWORK Current status Government Plan - Jordan 2025 SME Definition & Laws Central Bank of Jordan & Ministry of Industry provided definitions for SMEs in Jordan JEDCO is working on the development of a national Start-up and MSME Strategy Reach a unified definition of SMEs Prepare and adopt of SME law Adopt a national strategy for encouragement of entrepreneurship and development of MSMEs Start-ups The Ministry of Industry made starting a business easier by reducing the minimum capital requirement (from JOD 1,000 to 1) Reduce time to start business (No. of days) from 12 to 6 Establish a fund to support start-up SMEs Access to Credit The Central Bank of Jordan is engaged in several international agreements to increase the available funds for MSMEs (approx. USD 500 million during the last 2 years) CBJ requires banks to separately report their SME banking activities. CBJ has encouraged banks to have a separate SME department. CBJ has lowered the threshold for loans to be reported to the public credit registry down to JOD 20,000 Credit bureau: launched and about to start operations Increase the share of Banks' SME portfolios from 9% to 14% Increase the share of Credit Bureau coverage from 0% to 55% Increase loan guarantees for SMEs (e.g. though JLGC ) Plans to introduce a movable collateral registry 7
8 DEMAND ANALYSIS - THE SAMPLE Confidence level = 95% Total MSMEs in Jordan = 156,761 margin of error α= 5% Randomly selected sample of 416 MSMEs North Central Central Region Irbid Amman Zarqa Karak Aqaba 92 (22%) 159 (38%) 91 (22%) 34 (8%) 40 (10%) Size Micro 107 (26%) Small 194 (46%) Medium 115 (28%) Economic sector Trade 179 (43%) Services 118 (28%) Industry 124 (30%) Agriculture 47 (11%) Ownership Male 379 (91%) Female 37 (9%) 8
9 BUSINESS GROWTH & CHALLENGES The majority of MSMEs (59.7%) anticipate a positive trend for their business in the next 2 years. Companies are mainly struggling in terms of sales and marketing of their products and services, indicating competition and poor sales as one of their main challenges. MSMEs from the survey mentioned sales and marketing improvements as their most important plans for the next two years. How do you see the business in 2 years? Remains stable 23.30% Decrease 15.20% Rapid decrease 1.80% Rapid increase 19.50% Increase 40.30% In the next 2 years Business will be: worse 17% Stay the same 23% Better 60% Business expansion was mentioned as another major plan through seeking new market inside and outside Jordan and opening up additional branches or extending the product range. What are the main challenges besides access to finance? Competition High taxes 35.7% 41.8% Poor sales 33.7% Most important plans in the next 2 years Improve sales & marketing New markets in Jordan Open additional branches Extension of product range New markets outside Jordan New equipment Lower overall costs Move to new premises Process optimisation Energy efficiency investments Enhance staff training 8% 8% 7% 15% 24% 22% 30% 28% 33% 32% 55% 0% 10% 20% 30% 40% 50% 60% Plans High rent 28.6% Unqualified labour 23.5% High energy cost 22.5% High labour cost 21.8% Political uncertainty 14.9% Government bureaucracy 13.7% Insufficient marketing 6.3% Supplier problems 4.3% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 9
10 ACCESS TO FINANCE - EXISTING FINANCING SOURCES Finance during start-up phase Main financing sources (besides own funds) Own fund 83% Other sources 17% What are the other sources? 40.00% 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00%.00% 35.7% 19.8% 18.2% 15.0% 12.2% 13.1% 8.4% 8.9% 9.3% 6.1% 5.2% 4.2% Micro Small Medium 6.5% 2.6% 1.7% Loan from banks Clients Friends and Family Suppliers Loan from MFI Use of bank loans is low, given the high rejection rate for start-up companies at commercial banks, due to lack of collateral or insufficient financial documents. The likelihood to take out a loan from a bank increases with the size of the business. Micro companies make relatively more use of alternative funding sources such as loans from family and friends, suppliers and microfinance institutions In general, dependence on bank loans is low, given the high rejection rate for start-up companies at commercial banks. Reasons for loan rejection during start-up phase High debt to income ratio 15% Lack of financial documents 15% No financial track record 8% Lack of collateral 62% 10
11 ACCESS TO FINANCE - RELATIONSHIPS WITH COMMERCIAL BANKS With increasing business size, companies are more likely to hold accounts at several banks. Most important factors in cooperation with a bank 90% 80% 76.50% 70% 64.40% Change of banks: on average, only 13.9% of companies have changed banks in the last two years. Young entrepreneurs (below 30 years) and female owners are found most likely to change partner banks. Reasons for changing banks are poor quality of services or inadequate terms and conditions. 60% 50% 40% 30% 20% 10% 0% 46.50% 26.20% 20.30% 14.20% 9.90% 3.50% For micro companies, accessibility is a more important aspect, while medium enterprises put a higher emphasis on the technological infrastructure of a bank. Number of partner banks in relation to business size Total Micro Small Medium Avg. Number Of partner Banks
12 ACCESS TO CREDIT Loan purpose: Loans from Banks are mostly used for business expansion purposes (37.9%), and financing of working capital (31.1%). Loan amount: The average loan amount is JOD 214,252. Overall, the loan amount increased with the size of the business due to growing financing needs, but also due to the availability of more collateral, making medium sized companies eligible for higher loan amounts. Loan term: The average loan term is 3.4 years. Due to the higher loan amounts, medium companies have relatively more often taken out longer term loans of 4.2 years on average. Interest rate: Overall, interest rates amount to a modest average of 7.2%. Collateral: The most common type of security required by financial institutions in Jordan is real estate, which was supplied by over 45.5% of companies. Time between loan application and disbursement: The majority of companies (78.7%) had to wait up to 30 days until the loan was disbursed Loan applications and loans outstanding (N=416) Never applied for a loan 57.7% Have applied for a loan 42.3% Current outstanding loan 24.8% No current outstanding loan 17.5% Total Micro Small Medium Loan application 42.3% 33.6% 39.7% 54.8% Loan outstanding 24.8% 17.8% 23.7% 33.0% Average loan amount according to business size (N=95) Agri Industry Trade Services Average loan amount (JOD) 75, ,574 84, ,376 N
13 DEMAND FOR FINANCIAL PRODUCTS AND SERVICES - DEMAND FOR CREDIT Are you interest in obtaining a loan Demand for loans vs. outstanding loans Not interested 28% 7.2% Non-compliance with Shariah law interested in a loan Not interested in a loan Interested 54% Interest with constraints 18% 3.7% 3.1% Repayment concerns Difficult loan process Have a current loan a go Zone Repeated borrowers 20.4% Observation Zone Currently not interested 4.3% 2.3% No collateral/ financial documents Although 72% of MSMEs are interested in obtaining a loan in the future Only 25% of total MSMEs have or had a loan in the past two years No current loan a go Zone Potential new borrowers 51.4% A Hold Zone Not interested 23.8% Do you have an active loan or had a loan in the past two years? No current loan 75% Current loan 25% 13
14 INDICATIVE LOAN FEATURE What are the loan conditions MSMEs are looking for? Total Micro Small Medium Average loan amount (JOD) JOD 210,866 49, , Average loan term (Year) Average interest rate 4.20% 4.00% 4.20% 4.30% Average collateral coverage 85% 66% 91% 91% What are the loan purpose? Total Micro Small Medium Business expansion 60.50% 62.30% 60.40% 59.10% Average received vs desired loan conditions: A direct comparison of what has been received and what is required by MSMEs shows that certain loan features such as loan amount and collateral coverage do not differ from the actual demand. However, companies would rather like to use their loans for long term investments to expand their businesses. This suggests that there is a lack of adequate MSME products that fit to the needs of the customers. Finance working capital 30.00% 24.50% 32.70% 30.30% Extension of product range 25.00% 32.10% 19.80% 27.30% Purchase of fixed assets 24.10% 17.00% 20.80% 34.80% Modernization 21.80% 20.80% 23.80% 19.70% 14
15 DEMAND FOR OTHER BANKING PRODUCTS AND SERVICES What banking services you are currently using? What banking services you would be interested to use in the future Current Accounts Payment and collection National transfers 48.7% 67.8% 91.2% Total Micro Small Medium Leasing 19.5% 15.9% 18.1% 26.8% Credit cards 48.6% Deposit/ Savings 16.2% 14.6% 16.1% 18.3% International transfers Guarantees Deposit/ savings Letter of credit Factoring Overdraft facilities 44.6% 38.1% 36.1% 27.3% 25.1% 22.2% Letter of Credit 15.9% 15.9% 18.1% 11.3% Overdraft facilities 16.9% 20.7% 14.8% 16.9% Insurance 14.2% 15.9% 13.4% 14.1% International transfer 17.2% 17.1% 19.5% 12.7% Leasing 9.7% 0% 20% 40% 60% 80% 100% Through which delivery channel? Most MSMEs are served through branches and outlets (85.4%) however mobile banking, internet banking and phone banking (via call centre) is mostly requested by MSMEs Total Micro Small Medium Mobile Banking 40.1% 48.6% 40.2% 28.0% P.O.S. 21.9% 11.9% 17.2% 44.0% Internet Banking 20.5% 18.3% 27.9% 12.0% Phone Banking (Call centre) 17.3% 21.1% 14.8% 16.0% 15
16 DEMAND FOR NON-FINANCIAL SERVICES Use of non-financial services according to business size (N=399)* Total Micro Small Medium Business development services 59.4% 38.4% 58.2% 80.2% There is a significant potential to extend the non-financial services to the MSME sector as over 40% of the respondents have never used these, especially micro and small enterprises. Information sharing 19.8% 12.1% 20.6% 25.2% Financial and Tax Advice 19.3% 7.1% 16.4% 35.1% Accountancy/ Bookkeeping 18.8% 12.1% 18.5% 25.2% Business Plan Development 11.3% 7.1% 10.1% 17.1% Never Used business development services before 40.6% 61.6% 41.8% 19.8% Information sharing events are very popular among the companies that used business development services in the past therefore it is recommended that the commercial banks increasingly offer such services by organizing networking events, trade fairs etc. Professional training courses companies would like to attend (N=414)* Business Planning 38% Marketing & Sales 35% International Business 33% Information Technology 32% Operations 30% Legal & Insurance Human Resources Accounting & Finance 27% 24% 29% 0% 5% 10% 15% 20% 25% 30% 35% 40% * Several answers were possible. 16
17 GAP ANALYSIS Category Nr. of formal enterprises Market gap Indicative future credit demand % loan demand Average demanded loan volume (JOD) MSME portfolio of Jordanian commercial banks and MFIs in 2014 of JOD 1.76 Billion Indicative future credit demand (JOD billion) Micro 139,539 73% 49, Small 14,970 71% 198, Medium 2,252 73% 382, Total SME 2.73 Total MSME 7.74 VS. Significant unmet credit demand 17
18 THE WAY FORWARD For International Financial Institutions Increase Technical Assistance (TA) to commercial banks in the field of MSME finance Provide long term funding Establish a risk-sharing mechanism with commercial banks Avoid limiting the interest rates applied in credit lines Build capacities of banks in providing non-financial services through fostering cooperation with EBRD SBS Provide sub-loans to MFIs Consider establishing a special loan guarantee fund for Syrian refugees Develop internal capacity o o For Commercial Banks To implement risk based loan assessment To reduce the share of collateral based lending decision Implement risk based loan pricing for MSMEs Decrease the loan assessment and processing time Help financial inclusion apply supply driven approaches instead of demand driven ones Increase CRM activities to catch the potential among existing non-loan clients and previously rejected clients Make use of credit bureau services Increase cooperation with non-financial service providers 18
19 شكرا لحضوركم ومشاركتم GRAZIE PER L'ATTENZIONE Vielen Dank für Ihre Aufmerksamkeit! THANK YOU VERY MUCH FOR YOUR ATTENTION! Mert Dedebas Frankfurt School of Finance & Management
Tanmeyah 2017 Q1 Report Members Performance Report Q /04/
Members Performance Report Q1 2017 26/04/2017 www.tanmeyah-jo.org 1 Content About Tanmeyah:... 4 Microfinance in Jordan:... 4 Members of Tanmeyah:... 5 Members Profile:... 5 VITAS JORDAN:... 5 Micro Fund
More informationWOMEN'S WORLD BANKING GH.
CONTENT Background of Women s World Banking Ghana. Position before the introduction of Borrowers & Lenders Act Borrowers & Lenders Act 2008 Impact of the Borrowers & Lenders Act on WWBG Collateral Registry
More information/JordanStrategyForumJSF Jordan Strategy Forum. Amman, Jordan T: F:
The Jordan Strategy Forum (JSF) is a not-for-profit organization, which represents a group of Jordanian private sector companies that are active in corporate and social responsibility (CSR) and in promoting
More informationTanmeyah 2017 Q4 Report. Members Performance Report Q /01/
Members Performance Report Q4 2017 30/01/2018 www.tanmeyah-jo.org 1 Content About Tanmeyah... 4 Microfinance in Jordan... 4 Members of Tanmeyah... 5 Members Profile... 6 VITAS JORDAN... 6 Micro Fund for
More informationMembers Performance Report
Members Performance Report 217 14/11/217 www.tanmeyah-jo.org 1 About Tanmeyah: Jordan Microfinance Network Tanmeyah - was established and formally registered as a nonprofit institution at the Ministry
More informationSECTOR ASSESSMENT (SUMMARY): FINANCE 1
Country Partnership Strategy: Thailand, 2013 2016 A. Sector Issues and Opportunities SECTOR ASSESSMENT (SUMMARY): FINANCE 1 1. Thailand has a sound and well-regulated banking system, capital market, and
More informationSECTOR ASSESSMENT (SUMMARY): FINANCE (SMALL AND MEDIUM-SIZED ENTERPRISES FINANCING) 1. Sector Performance, Problems, and Opportunities
Additional Financing of Small and Medium-Sized Enterprises Line of Credit Project (RRP SRI 49273-002) SECTOR ASSESSMENT (SUMMARY): FINANCE (SMALL AND MEDIUM-SIZED ENTERPRISES FINANCING) 1. Sector Performance,
More informationReport on the Treatment of MSME Insolvency -
UNCITRAL Working Group V Insolvency Law Report on the Treatment of MSME Insolvency - http://documents.worldbank.org/curated/en/home Andres F Martinez Mahesh Uttamchandani 51st session, 10-19 May 2017,
More informationdouble-clicking on the box) next to the appropriate response and specify if Other ].
FinAccess Business Supply-side Questionnaire Name of the bank: Bank s activity: Commercial, Investment, Corporate, Retail, Other. [Put an X (by double-clicking on the box) next to the appropriate response
More informationG20/OECD HIGH-LEVEL PRINCIPLES ON SME FINANCING. Antalya, Turkey November 2015
G20/OECD HIGH-LEVEL PRINCIPLES ON SME FINANCING Antalya, Turkey November 2015 G20/OECD HIGH-LEVEL PRINCIPLES ON SME FINANCING PREAMBLE 1. Small and medium-sized enterprises (SMEs) 1, including micro-enterprises,
More informationFINANCE FOR ALL? POLICIES AND PITFALLS IN EXPANDING ACCESS A WORLD BANK POLICY RESEARCH REPORT
FINANCE FOR ALL? POLICIES AND PITFALLS IN EXPANDING ACCESS A WORLD BANK POLICY RESEARCH REPORT Summary A new World Bank policy research report (PRR) from the Finance and Private Sector Research team reviews
More informationEx post evaluation Pakistan
Ex post evaluation Pakistan Sector: Informal/semi-formal financial intermediaries (CRS 24040) Project: A. Microfinancing programme (THB) (BMZ No. 2008 66 541)* B. Microfinancing programme (THB subordinated
More informationFunding Housing in the Bond Market. September 2016
Funding Housing in the Bond Market September 2016 Overview: ALCB Fund PART 1 Overview of ALCB Fund Target Impact: Capital Market Development Increased primary issuance and capacity Issuer Balance Sheet
More informationGender Issues in SME Finance: Philippines
2011/GFPN/WKSP/023 Session 7 Gender Issues in SME Finance: Philippines Submitted by: Philippines Workshop on Microfinance Best Practices Ha Noi, Viet Nam 7-8 April 2011 Gender Issues in SME Finance: Philippines
More informationJanuary 1 st December 31 st, 2013
ANNUAL REPORT YEAR 2013 January 1 st December 31 st, 2013 Page 1 of 21 EXECUTIVE SUMMARY This report focuses on the Operational and Financial side for the fiscal year 2013, and is highlighting the activities
More information/JordanStrategyForumJSF Jordan Strategy Forum. Amman, Jordan T: F:
The Jordan Strategy Forum (JSF) is a not-for-profit organization, which represents a group of Jordanian private sector companies that are active in corporate and social responsibility (CSR) and in promoting
More informationBusiness Environment: Russia
Business Environment: Russia Euromonitor International 13 April 2010 Despite the economic recession of 2009, a recovery is expected in 2010. The business environment remains challenging due to over-regulation,
More informationCharacteristics and Tendencies of the Market of Microfinance Suppliers in Nicaragua
Characteristics and Tendencies of the Market of Microfinance Suppliers in Nicaragua Commissioned by Grassroots Capital Partners Written by: Mercedes Cuadra s. April 2008 1 EXECUTIVE SUMMARY 1. This study
More informationMicroBank. Facilitating the access to microfinance
MicroBank The Social Bank of la Caixa Facilitating the access to microfinance Conference on Microfinance in Europe Brussels - November 10, 2010 2 la Caixa Savings Bank MicroBank was created in 2007 as
More informationPROMOTING INNOVATIVE FINANCING MODELS FOR SMES: THE BANGLADESH EXPERIENCE
PROMOTING INNOVATIVE FINANCING MODELS FOR SMES: THE BANGLADESH EXPERIENCE Dr. Atiur Rahman Former Governor, Bangladesh Bank & Dr. M. Abu Eusuf Chairman, Department of Development Studies Director, Centre
More informationO)FFICAL 130CUNIENTS 'IFC ADMINISTRATION ARRANGEMENT AMONG AND INTERNATIONAL FINANCE CORPORATION FOR THE FINANCIAL SUPPORT
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized O)FFICAL 130CUNIENTS 'IFC ADMINISTRATION ARRANGEMENT AMONG TF071837 IBRD/IDA TFO71823
More informationSetting up your Business in Jordan Issues to consider
Jordan is a small country with few natural resources, but it has played a pivotal role in the struggle for power in the Middle East. Jordan s economy is showing encouraging growth potential, while proximity
More informationWORKING DRAFT. Jan Hlavsa Yannis Arvanitis. Office of Chief Economist, the European Bank for Reconstruction and Development.
WORKING DRAFT Benchmarks performance in Early Transition Countries: Evidence from Micro, Small and Medium Enterprises Lending and Municipal and Environmental Infrastructure 1 Jan Hlavsa Yannis Arvanitis
More information/JordanStrategyForumJSF Jordan Strategy Forum. Amman, Jordan T: F:
The Jordan Strategy Forum (JSF) is a not-for-profit organization, which represents a group of Jordanian private sector companies that are active in corporate and social responsibility (CSR) and in promoting
More informationAccess to Finance for Micro, Small, and Medium-Sized Enterprises in Azerbaijan. A Demand-Side Assessment
Access to Finance for Micro, Small, and Medium-Sized Enterprises in Azerbaijan A Demand-Side Assessment Angela Prigozhina Country Sector Coordinator May, 2015 Agenda Setting the Stage Main Findings of
More informationDaewon Kang Up Co., Ltd. Technology For Your Future
Information about the Polish economy Second half 2017 presented by Daewon Kang Up Co., Ltd. Technology For Your Future http://www.daewonspring.com/en/ 1 Basic market information (Poland) Economic growth
More informationDeep and Comprehensive Free Trade Area (DCFTA) Initiative East
Deep and Comprehensive Free Trade Area (DCFTA) Initiative East Chisinau 4 July 2017 European Investment Bank European Investment Fund 1 DCFTA Initiative East Deep and Comprehensive Free Trade Area (DCFTA)
More informationDownscaling with CRDB Bank in Tanzania
Downscaling with CRDB Bank in Tanzania Saugata Bandyopadhyay Deputy Managing Director, CRDB Bank Plc Tanzania Financial Inclusion Motivation for Downscaling Disruptive Channel Mobile money & Agent Banking
More informationThe rapidly changing world of SME Finance
The rapidly changing world of SME Finance SME Finance Forum Brings together financial institutions, technology companies and development finance institutions to share knowledge, spur innovation and promote
More informationFinancing growth-oriented women entrepreneurs: lessons from Ethiopia. Francesco Strobbe December 14, 2017
Financing growth-oriented women entrepreneurs: lessons from Ethiopia Francesco Strobbe December 14, 2017 Top Business Environment Obstacle for Firms in Ethiopia 1 Source: World Bank Enterprise Survey 2016
More informationREPORT ON WOMEN S ACCESS TO FINANCIAL SERVICES IN ZAMBIA
REPORT ON WOMEN S ACCESS TO FINANCIAL SERVICES IN ZAMBIA WOMEN S ACCESS TO FINANCIAL SERVICES IN ZAMBIA TABLE OF CONTENTS EXECUTIVE SUMMARY 5 PART I BACKGROUND 9 1 Objectives and methodology 9 2 Overview
More informationALES Agricultual Loan Evaluation System
ALES Agricultual Loan Evaluation System AgriFin Webinar Credit Scoring for Agriculture Lending 19 February 2013 F r a n k f u r t S c h o o l. d e Frankfurt School of Finance & Management - A new type
More informationBenchmarking Microfinance in Romania
Benchmarking Microfinance in Romania 2006-2007 A report from Eurom Consultancy and Studies SRL for European Microfinance Network s Micro finance Conference Nice, France 2008 Bucharest Romania www.eurom-consultancy.ro
More informationMARKET COMMENTARY JUNE 2016
I. Month s Highlights In June, MFIs, overall, showed sound financial and operational performance, registering a growth in the microfinance portfolios and a slight improvement in the portfolio quality.
More informationBuilding Economic Sustainability through Tourism Project SOURCES OF FINANCING FOR JORDAN S TOURISM SECTOR 2017
Building Economic Sustainability through Tourism Project SOURCES OF FINANCING FOR JORDAN S TOURISM SECTOR 2017 It is through tourism that we can let the world see the greatness of Jordan and its people,
More informationCREDIT RESTRUCTURING SMALL AND MEDIUM BUSINESSES AS THE KEY DRIVER OF ECONOMIC GROWTH IN INDONESIA
CREDIT RESTRUCTURING SMALL AND MEDIUM BUSINESSES AS THE KEY DRIVER OF ECONOMIC GROWTH IN INDONESIA Rizky Azora, Gunadarma University (Jakarta), Indonesia ABSTRACTION SME sector is a sector that has tremendous
More informationOur Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development.
Our Expertise IFC blends investment with advice and resource mobilization to help the private sector advance development. 76 IFC ANNUAL REPORT 2016 Where We Work As the largest global development institution
More informationMAP Zimbabwe Stakeholder Workshop: Key Findings
MAP Zimbabwe Stakeholder Workshop: Key Findings Presentation on the findings from the Making Access Possible (MAP) Diagnostic conducted in Zimbabwe Harare, Zimbabwe 14 December, 2015 Agenda MAP diagnostic
More informationRisk Rating and Credit Scoring for SMEs
Risk Rating and Credit Scoring for SMEs March 27, 2012 Washington London Amman Johannesburg Mexico City Ramallah Islamabad Introduction DAI is a global development consulting agency, with 40 years of experience
More informationEx Post-Evaluation Brief Democratic Republic of the Congo: ProCredit Bank Congo (Fiduciary Holding)
Ex Post-Evaluation Brief Democratic Republic of the Congo: ProCredit Bank Congo (Fiduciary Holding) Programme/Client ProCredit Bank Congo (Fiduciary Holding) 2005 65 911 Programme executing agency ProCredit
More informationZimbabwe Association of Microfinance Institutions creating sustainable microfinance PERFORMANCE REPORT OF THE MICROFINANCE SECTOR
Zimbabwe Association of Microfinance Institutions creating sustainable microfinance PERFORMANCE REPORT OF THE MICROFINANCE SECTOR as at 30 June 2018 1 MICROFINANCE OPERATING ENVIRONMENT AND CHALLENGES
More informationGhana : Financial services for women entrepreneurs in the informal sector
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized No. 136 June 1999 Findings occasionally reports on development initiatives not assisted
More informationMexico s Personal Property Collateral Registry. Jan R. Boker General Director of National Commercial Regulation Ministry of Economy
Mexico s Personal Property Collateral Registry Jan R. Boker General Director of National Commercial Regulation Ministry of Economy November, 2012 Diagnose: SME s have limited acces to credit SME s in Mexico
More informationTechnical Cooperation s Contribution to Transition in Early Transition Countries: Evidence from Micro, Small and Medium Enterprises Lending 1
WORKING DRAFT Technical Cooperation s Contribution to Transition in Early Transition Countries: Evidence from Micro, Small and Medium Enterprises Lending 1 Office of Chief Economist, the European Bank
More informationQUARTERLY PERFORMANCE REPORT OF THE MICROFINANCE SECTOR. as at 31 March 2017 ZAMFI CREDIT ONLY MFI MEMBERS
Zimbabwe Association of Microfinance Institutions creating sustainable microfinance QUARTERLY PERFORMANCE REPORT OF THE MICROFINANCE SECTOR as at 31 March 2017 ZAMFI CREDIT ONLY MFI MEMBERS 1 PERFORMANCE
More informationIssuing Bonds in the Domestic Market. June 2017
Issuing Bonds in the Domestic Market June 2017 Overview of ALCB Fund Target Impact: Capital Market Development Increased primary issuance and capacity Issuer Balance Sheet Reduced FX risk and more sustainable
More informationExecutive Summary The Supply of Financial Services
Executive Summary Over the past 20 years Nepal s financial sector has become deeper and the number and type of financial intermediaries have grown rapidly. In addition, recent reforms have made banks more
More informationDeterminants of financial inclusion for youth entrepreneurship: Evidences from Addis Ababa City and Shirka Wereda, Ethiopia.
Determinants of financial inclusion for youth entrepreneurship: Evidences from Addis Ababa City and Shirka Wereda, Ethiopia. Presented By: degife ketema (CBMS Ethiopia project leader) June, 2018 Key Term
More informationRisk Management and Credit Scoring
Study Unit 5 Risk Management and Credit Scoring ANL 309 Business Analytics Applications Introduction Importance of risk management in CRM Credit Risk Management Cycle (CRMC) Credit scoring Simple credit
More informationMICROFINANCE QUARTERLY REPORT
MICROFINANCE QUARTERLY REPORT 31 MARCH 2017 Table of Contents Table of Figures... 2 1 EXECUTIVE SUMMARY... 3 ARCHITECTURE OF THE MICROFINANCE INDUSTRY.....3 Branch Network and Outreach... 4 Microfinance
More informationAn Investigation of Determinants and Constraints of Urban Employment in Shone Town, Ethiopia
An Investigation of Determinants and Constraints of Urban Employment in Shone Town, Ethiopia Mamo Esayas Ambe Department of Economics, Wolaita Sodo University, P.o.Box 138, Wolaita Sodo, Ethiopia Abstract
More informationRural Finance in China: Opportunities and Challenges
Rural Finance in China: Opportunities and Challenges Jinchang Lai Principal Operations Officer & Lead for Financial Infrastructure East Asia and Pacific Advisory Services CICA Annual Meeting, Hong Kong,
More informationSecured Transactions Reform for Greater Financial Inclusion. Gay Santos, Senior Financial Sector Specialist (Finance and Markets)
Secured Transactions Reform for Greater Financial Inclusion Gay Santos, Senior Financial Sector Specialist (Finance and Markets) Video 2 Key Agencies in the SME Financing in the Philippines National Strategy
More informationFinancing SME growth A view from the private sector
A view from the private sector Mr. Rainer Münz Erste Group OECD Working Group on Financial Markets Development and Impact of Central Banks Financial Sector Reform in Transition Economies and Policies for
More informationHosts: Vancouver, British Columbia, Canada June 16-18,
Hosts: Vancouver, British Columbia, Canada June 16-18, 2013 www.iarfic.org How flexible repayment schedules affect credit risk in microfinance Ron Weber 1,2, Oliver Musshoff 1, and Martin Petrick 3 1 Department
More informationTHE NEED TO ADDRESS FINANCIAL MARKETS DEVELOPMENT IN THE REGION
SOUTH CAUCASUS AND UKRAINE INITIATIVE THE NEED TO ADDRESS FINANCIAL MARKETS DEVELOPMENT IN THE REGION Working Group on Financial Markets Development and Impact of Central Banks 17 November 2009 Warsaw,
More informationAccess to Credit and Women Entrepreneurship: Evidence from Bangladesh. M. Jahangir Alam Chowdhury University of Dhaka.
Access to Credit and Women ntrepreneurship: vidence from Bangladesh Dhaka, Bangladesh 1 Outline Introduction Research Question Methodology Results Conclusion 2 Introduction Access to capital has been recognized
More informationPROGRAM-FOR-RESULTS INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.:
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PROGRAM-FOR-RESULTS INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.: 113653 Program
More informationThe Research on Financial Leasing and China s Small Micro Enterprises
International Business and Management Vol. 5, No. 1, 2012, pp. 33-37 DOI:10.3968/j.ibm.1923842820120501.Z0159 ISSN 1923-841X [Print] ISSN 1923-8428 [Online] www.cscanada.net www.cscanada.org The Research
More informationProgram Information Document (PID)
Program Information Document (PID) Appraisal Stage Date Prepared/Updated: 17-May-2018 Report No: PIDA24962 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public
More informationFinance and Private Sector Chief Economist Series. Financial Sector Reform in Egypt: Achievements and Challenges
Finance and Private Sector Chief Economist Series Financial Sector Reform in Egypt: Achievements and Challenges Mahmoud Mohieldin Washington D.C. November 8, 2010 1 The Financial Sector Prior to Reforms
More informationSession 1: SME financing in Asia and the Pacific and Latin America An overview. SME financing in Asia and the Pacific An introduction to the workshop
Session 1: SME financing in Asia and the Pacific and Latin America An overview SME financing in Asia and the Pacific An introduction to the workshop A presentation by Alberto Isgut, Financing for Development
More informationRomania. Paving the way to EURO adoption. October 2018
Romania Paving the way to EU adoption October 218 In most non EA NMS a wait and see approach seems to prevail Initial target 214 Date of setting the initial target 27 Convergence Program Price Stability
More informationISSUES AND MATTERS RAISED BY AHLI-AHLI DEWAN PERNIAGAAN DAN PERUSAHAAN MELAYU BRUNEI (DPPMB) Response/Comments
ISSUES AND MATTERS RAISED BY AHLI-AHLI DEWAN PERNIAGAAN DAN PERUSAHAAN MELAYU BRUNEI (DPPMB) No. Question Relevant Unit/ Agency 1. What is the role of AMBD in helping startup /CMU companies, especially
More informationUrban-Biased SME Finance in Bangladesh: Way to Solve the Puzzle
Urban-Biased SME Finance in Bangladesh: Way to Solve the Puzzle Arifuzzaman Khan Independent Researcher & Banking Professional Abstract Small and Medium Enterprises (SMEs) play a vital role in the economic
More informationOverview of Financial Sector Reform in Myanmar with reference to. Banking and Insurance Sector
Overview of Financial Sector Reform in Myanmar with reference to Banking and Insurance Sector Dr. Sandar Oo, Managing Director Myanma Insurance 7 June, 2017 Economic Development and Financial Sector Reforms
More informationIFC Secured Transactions Advisory Project in China
IFC Secured Transactions Advisory Project in China Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized 1 Background In 2004, the People s
More informationPresentation at the Conference <Finance for all: Promoting Financial Inclusion in Central Africa>, COBAC/BEAC/IMF, March 23, 2015
RWANDA s FINANCIAL INCLUSION SUCCESS STORY: UMURENGE SACCO PROGRAM IN RWANDA Presentation at the Conference , COBAC/BEAC/IMF, KAVUGIZO SHYAMBA Kevin OUTLINE 2 I.
More informationEx post evaluation Georgia
Ex post evaluation Georgia Sector: Formal sector financial intermediaries (24030) Programme/Project: Agricultural financing programme (fiduciary holding) (BMZ No. 2011 66 552)* Implementing agency: three
More informationBANK OF UGANDA THEME: FINANCIAL INCLUSION AND THE DEVELOPMENT OF THE FINANCIAL SYSTEM
BANK OF UGANDA SPEECH BY GOVERNOR, BANK OF UGANDA AT THE 3 RD GRADUATION CEREMONY OF THE UGANDA INSTITUTE OF BANKING AND FINANCIAL SERVICES ATOM LEADERSHIP CENTRE, MUYENGA FRIDAY 4 TH OCTOBER 2013. THEME:
More informationEx post evaluation - in a very fragile country
Ex post evaluation - in a very fragile country Sector: Formal sector financial intermediaries (CRS 24030) Programme: Credit line to a Microfinance Bank* Programme Executing Agency: The supported Microfinance
More informationPrivate Sector Financing In The Eastern Partnership Countries And The Role Of Risk-bearing Instruments. Synthesis Report
Private Sector Financing In The Eastern Partnership Countries And The Role Of Risk-bearing Instruments Synthesis Report November 2013 Private Sector Financing In The Eastern Partnership Countries And
More informationGCSE Business Studies. Topic 3 Accounting and Finance
GCSE Business Studies Topic 3 Accounting and Finance Name: Accounting and Finance Turner Education 2013-1 - Contents A External and Internal Forms of Finance 3 B Budgets and Cash Flow Forecasts 22 C Costs
More informationMANPOWER CONCERNS DROP AS SMEs FOCUS ON GROWTH
NEWS RELEASE For Immediate Release MANPOWER CONCERNS DROP AS SMEs FOCUS ON GROWTH Payment problems leading to cash flow concerns 20 November, 2017 [SINGAPORE] SMEs are adjusting their business models and
More informationBy Kasenge Lawrence Economist, Microfinance Department, Ministry Of Finance, Planning And Economic Development, UGANDA
FINANCIAL INCLUSION IN UGANDA A Presentation During the 2nd Meeting of the COMCEC Financial Cooperation Working Group, March 27th, 2014, at Crowne Plaza 0Hotel, in Ankara, Republic of Turkey By Kasenge
More informationJordan Microfinance Market Study
Jordan Microfinance Market Study May 2012 Acknowledgements This survey was carried out under the Ministry of Planning and International Cooperation, with collaboration from civil society institutions &
More informationNIGERIA. QUICKSIGHTS REPORT FII TRACKER SURVEY Conducted August-September December 2015
QUICKSIGHTS REPORT FII TRACKER SURVEY Conducted August-September 2015 December 2015 KEY DEFINITIONS Access Access to a bank account or mobile money account means a respondent can use bank/mobile money
More informationFinancing SMEs and Entrepreneurs 2018
Financing SMEs and Entrepreneurs 2018 An OECD Scoreboard ISRAEL This document was produced by the Small and Medium Business Agency and sent to the OECD for comparisons between the OECD countries August
More informationAsia Clean Energy Forum Sustainable Fiscal Instruments Session
in Asia* Asia Clean Energy Forum Sustainable Fiscal Instruments Session June 8, 07 Beth Adler Senior Investment Officer USAID/Development Credit Authority In some countries there remains substantial untapped
More informationBRINGING FINANCE TO RURAL PEOPLE MACEDONIA S CASE
Republic of Macedonia Macedonian Bank for Development Promotion Agricultural Credit Discount Fund BRINGING FINANCE TO RURAL PEOPLE MACEDONIA S CASE Efimija Dimovska EastAgri Annual Meeting October 13-14,
More informationAccording to the 2017/18 Budget Speech, the Government has managed to mobilize
According to the 2017/18 Budget Speech, the Government has managed to mobilize and spend Tshs 31,712.0 billion from June 2016 to June 2017. Domestic Revenues including Local Government Agencies (LGAs)
More informationAssessment of Financial Results of General Shareholders Meeting- April 9, 2015
Assessment of Financial Results of 2014 -General Shareholders Meeting- April 9, 2015 Our net income reached TL 3.7 Billion in 2014 Net Income (TL Million) 3,339 10% 3,685 Outstanding performance despite
More informationAnalysis of Kenya s Doing Business Environment, & Cytonn Weekly #
Analysis of Kenya s Doing Business Environment, & Cytonn Weekly #43 2018 Focus of the Week The World Bank Group released the Doing Business 2019 Report, which investigates the regulations that enhance
More informationSeptember. EMN POLICY NOTE on the EMN Overview of the Microcredit Sector in the European Union
September 2014 EMN POLICY NOTE on the EMN Overview of the Microcredit Sector in the European Union 2012-13 EMN POLICY NOTE Steady growth of microcredit provision in value and number of microloans surveyed
More informationEx Post-Evaluation Brief MOZAMBIQUE: Rural Microfinance Bank
Ex Post-Evaluation Brief MOZAMBIQUE: Rural Microfinance Bank Sector Projects/ commissioning parties Project-executing agency 24030 Financial intermediaries of the formal sector I) Rural microfinance bank
More informationMethodological Experiment on Measuring Asset Ownership from a Gender Perspective (MEXA) An EDGE-LSMS-UBOS Collaboration
Methodological Experiment on Measuring Asset Ownership from a Gender Perspective (MEXA) An EDGE-LSMS-UBOS Collaboration TALIP KILIC Senior Economist Living Standards Measurement Study Team Development
More informationThe World Bank ACGF - Madagascar Financial Services Project (P109607)
Public Disclosure Authorized AFRICA Madagascar Finance & Markets Global Practice Recipient Executed Activities Specific Investment Loan FY 2008 Seq No: 19 ARCHIVED on 30-Jun-2017 ISR28814 Implementing
More informationAl-Amal Microfinance Bank
Impact Brief Series, Issue 1 Al-Amal Microfinance Bank Yemen The Taqeem ( evaluation in Arabic) Initiative is a technical cooperation programme of the International Labour Organization and regional partners
More informationFinScope Consumer Survey Malawi 2014
FinScope Consumer Survey Malawi 0 Introduction Malawi Government The Government of Malawi has increasingly recognised that access to financial services can play an important role in poverty alleviation
More information2015/SFOM/S/007 Session: 2
2015/SFOM/S/007 Session: 2 Promoting a Stable Economy, a Dynamic Philippine Entrepreneurial Environment and Creating an Affluent Consumer Base in Preparation of ASEAN Integration Purpose: Information Submitted
More informationThe Impact of Basel III: What little we know. The global body for professional accountants
The Impact of Basel III: What little we know Basel III: the story so far The post- crisis G-20 consensus: Failure of market discipline Too little / poor quality capital Too much leverage Too much short-term
More informationImproving. The Financial Ecosystem of. Indian MSMEs
Improving The Financial Ecosystem of Indian MSMEs Introduction A vibrant entrepreneurial ecosystem constitutes a failsafe route to a nation s economic development. Prime Minister Narendra Modi s Make in
More informationKey Dates. Project Development Objectives. Components. Overall Ratings
Public Disclosure Authorized AFRICA Madagascar Finance, Competitiveness and Innovation Global Practice IBRD/IDA Investment Project Financing FY 2018 Seq No: 1 ARCHIVED on 08-Jun-2018 ISR32759 Implementing
More informationSME Finance and Inclusive Growth
2014/ISOM/SYM/013 Session: 5 SME Finance and Inclusive Growth Submitted by: International Finance Corporation Symposium on APEC 2015 Priorities Manila, Philippines 8 December 2014 SME Finance and Inclusive
More informationInterest Rates and Fees for Retail and Corporate Loans
s and Fees for Retail and Corporate s s on Personal s, Housing s and Auto s Personal s Type Personal s & Advances Non-Resident Mortgage s Customer Segment Employees of public sector & accredited companies
More informationGetting Finance Indicators. Financial Analysis Unit Kumar / Lin / Safavian / Tzioumis April 25th, 2007
Getting Finance Indicators Financial Analysis Unit Kumar / Lin / Safavian / Tzioumis April 25th, 2007 1. Getting Finance Indicators Introduction A new set of indicators on household access to finance Challenge
More informationThe Credit Crunch. How the use of movable collateral and credit reporting can help finance inclusive economic growth in Nigeria.
The Credit Crunch How the use of movable collateral and credit reporting can help finance inclusive economic growth in Nigeria. CENTRAL BANK OF NIGERIA, IFC Acknowledgements This publication was made possible
More informationImproving the Business Environment in Iraq Through Secured Transactions
Improving the Business Environment in Iraq Through Secured Transactions Murat Sultanov Beirut, October 17, 2011 CONTENTS What is Secured Transactions? Economic Importance 1 Why these systems are underdeveloped
More informationMacedonia: Macedonia Microcredit Bank (MMB) ProCredit Bank Financial intermediaries of the formal sector. Microcredit Bank
Macedonia: Macedonia Microcredit Bank (MMB) ProCredit Bank Ex post evaluation report OECD sector BMZ project ID 2002 66 098 Project executing agency Consultant - 24030 Financial intermediaries of the formal
More informationIntroduction to IFC &
Introduction to IFC & Prospects for Cooperation Ashgabat, Turkmenistan August 6, 2012 IFC s Structure Owned by 183 member countries IFC is the main driver of private sector development in the World Bank
More information