World Bank2013-02-262013-02-262010-11https://hdl.handle.net/10986/12515Small 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.en-USCC BY 3.0 IGOACCESS INDICATORSACCESS TO BANK LOANSACCESS TO CAPITALACCESS TO CREDITACCESS TO FINANCEACCESS TO FINANCIAL SERVICESACCESS TO FINANCINGACCOUNTS RECEIVABLESALTERNATIVE FINANCINGALTERNATIVE INVESTMENTANGEL INVESTORSBALANCE SHEETBANK CREDITBANK FINANCINGBANK LENDINGBANK LOANBANK LOANSBANKING RELATIONSHIPBANKING SUPERVISIONBANKING SYSTEMSBANKRUPTCYBANKSBORROWERBORROWINGBRIBEBRIBESBUSINESS ANGELBUSINESS DEVELOPMENTBUSINESS DEVELOPMENT BANKBUSINESS EXPERIENCEBUSINESS LENDINGBUSINESS LOANSBUSINESS PLANNINGBUSINESS PLANSCAPACITY BUILDINGCAPITAL FINANCECAPITAL FORMATIONCAPITAL MARKETSCAPITAL STRUCTURECASH FLOWCASH FLOWSCASH MANAGEMENTCOLLATERALCOLLATERAL REQUIREMENTSCOMMERCIAL BANKCOMMERCIAL BANKSCOMMUNITY BANKSCOMPLIANCE COSTCOMPLIANCE COSTSCORRUPTIONCREDIT BUREAUCREDIT BUREAUSCREDIT CRUNCHCREDIT CRUNCHESCREDIT FACILITIESCREDIT GAPCREDIT GUARANTEESCREDIT HISTORIESCREDIT HISTORYCREDIT INFORMATIONCREDIT INFORMATION SYSTEMSCREDIT PRODUCTSCREDIT REGISTRIESCREDIT REGISTRYCREDIT RELATIONSHIPCREDIT REPORTINGCREDIT REPORTSCREDITORCREDITWORTHINESSDEBTDEBT SECURITIESDEPOSITDEPOSIT ACCOUNTSDEPOSIT RELATIONSHIPSDEPOSITSDEVELOPMENT FINANCEDEVELOPMENT FINANCE INSTITUTIONSEARNINGSECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC POLICYECONOMIES OF SCALEELIGIBILITY CRITERIAEMPLOYEREMPLOYMENT GROWTHENTERPRISE DEVELOPMENTENTREPRENEURENTREPRENEURSENTREPRENEURSHIP FINANCINGEQUITY CAPITALEQUITY FINANCEEQUITY FINANCINGEQUITY FUNDSEQUITY INVESTMENTEQUITY INVESTMENTSEQUITY INVESTORSEXTERNAL FINANCEEXTERNAL FINANCINGFARMERSFINANCE ACCESSFINANCESFINANCIAL ACCESSFINANCIAL EDUCATIONFINANCIAL INFRASTRUCTUREFINANCIAL INFRASTRUCTURESFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTFINANCIAL INSTRUMENTSFINANCIAL INTERMEDIATIONFINANCIAL KNOWLEDGEFINANCIAL LITERACYFINANCIAL MARKETSFINANCIAL NEEDSFINANCIAL PRODUCTFINANCIAL REGULATIONFINANCIAL REGULATORFINANCIAL REGULATORSFINANCIAL SERVICEFINANCING FACILITIESFINANCING NEEDSFISCAL POLICIESFIXED ASSETSFIXED CAPITALFIXED CAPITAL INVESTMENTFIXED COSTSFORMS OF CREDITGENDERGOVERNMENT INTERVENTIONSGOVERNMENT POLICIESGUARANTEE SCHEMESHUMAN CAPITALINCOME GROUPINFORMAL ECONOMYINFORMAL FINANCEINFORMAL FINANCINGINFORMATION INFRASTRUCTUREINFORMATION SYSTEMINITIAL PUBLIC OFFERINGINTEREST RATEINTEREST RATE CEILINGSINTEREST RATESINTERNAL FINANCEINTERNAL FINANCINGINTERNATIONAL FINANCEINVESTMENT BANKINVESTMENT CAPITALINVESTMENT DECISIONSINVESTMENT OPPORTUNITIESINVESTMENT VEHICLESJOB CREATIONKEY CHALLENGELACK OF ACCESSLENDERLENDERSLINE OF CREDITLOAN AMOUNTLOAN APPLICATIONLOAN APPLICATION PROCEDURESLOAN PORTFOLIOMANAGEMENT EDUCATIONMARKET DEVELOPMENTMFIMFISMICRO ENTERPRISESMICRO FINANCEMICRO FINANCE INSTITUTIONMICROFINANCEMICROFINANCE INSTITUTIONSMORAL HAZARDMULTINATIONALOBSTACLES TO GROWTHOPERATING COSTSOUTREACHOVERDRAFTOVERDRAFTSOVERHEAD COSTSPARTIAL CREDITPAYMENT DEFAULTPOLICY DESIGNPOLICY ENVIRONMENTPRIVATE CREDITPRIVATE EQUITYPROFITABILITYPROPERTY AS COLLATERALPROPRIETORSHIPSPUBLIC CREDITPUBLIC FINANCEPUBLIC FUNDSRATES OF RETURNSRECESSIONREPOSSESSIONRISK MANAGEMENTRISK MITIGATIONRISKY BORROWERSSAVINGSSHADOW ECONOMYSMALL BUSINESSSMALL BUSINESS OWNERSSMALL BUSINESSESSMALL ENTERPRISESMALL ENTERPRISESSMALL LOANSSOCIAL DEVELOPMENTSOCIAL SECURITYSOURCES OF FINANCESPECIAL FINANCINGSTART-UPSTECHNICAL ASSISTANCETERM CREDITSTRADE CREDITTRADE FINANCINGUNIONVENTURE CAPITALVENTURE CAPITALISTSWORKING CAPITALWorld Bank10.1596/12515