Karandaaz joins the SME Finance Forum to promote access to finance for MSMEs

Dec 31, 2021

22 December 2021: Karandaaz joins the SME Finance Forum as the newest member of our global membership network. Our members are SME financing experts from 80+ countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation. Matthew Gamser, CEO of the SME Finance Forum, while announcing the inclusion of Karandaaz as the newest member said,

When we started in 2012, we were in an exploratory phase for the first few years. Since 2016, we’ve been implementing our mission to build a global membership to support better SME financing, and since then, we’ve established a network with over 230 active member institutions, which operate in over 190 countries sharing the common purpose of helping under-served enterprises. We are delighted to welcome Karandaaz to further grow our mission.

Dr. Shamshad Akhtar, the Chairperson of Karandaaz said,

Since its inception Karandaaz has been working on several initiatives to facilitate access to finance for Pakistan’s MSMEs and we hope that through this membership, we can learn about the latest initiatives and tools helping to improve access to finance for SMEs. This will further augment our multifaceted interventions aimed at easing financial intermediation in the country by bridging gaps in financial sector architecture and product offerings and assisting with and advocating for regulatory enhancements; ultimately enabling greater access to finance for individuals and MSMEs. In its most recent interventions, Karandaaz is promoting financing for sustainable and climate-friendly projects including, but not limited to, renewable energy, energy efficiency, green buildings, clean transportation, and waste management

The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative. The Forum operates a global membership network of +230 members that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.

To see all SME Finance Forum members, please visit:
https://www.smefinanceforum.org/members/member-list

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