Expanding Access to Finance : Good Practices and Policies for Micro, Small, and Medium Enterprises
This book on micro, small, and medium enterprise (MSME) finance is intended primarily for government policy makers. It presents a policy framework whereby governments can support increased access by MSME to financial services based on empirical evi...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC : World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/05/13881825/expanding-access-finance-good-practices-policies-micro-small-medium-enterprises http://hdl.handle.net/10986/6621 |
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okr-10986-6621 |
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oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESSIBLE LOANS ACCOUNTS RECEIVABLE ADMINISTRATIVE COSTS AFFORDABLE FINANCING AGRICULTURAL BANK AGRICULTURAL COOPERATIVE AGRICULTURAL DEVELOPMENT BANK ARREARS AVAILABILITY OF CREDIT BALANCE SHEET BANK ACCOUNT BANK ASSETS BANK CREDIT BANK CREDITS BANK LENDING BANK LOANS BANKING SYSTEM BANKS BIASES BORROWER BORROWING BUSINESS CENTER BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT ASSISTANCE BUSINESS DEVELOPMENT SERVICES BUSINESS FAILURES CAPITAL ADEQUACY CAPITAL INJECTIONS CASH FLOW CASH FLOW ANALYSIS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS COMMERCIAL LENDING COMMUNITY BANK COOPERATIVE BANK CORPORATE FINANCE CORRUPTION COST OF LOAN COST OF LOAN PROCESSING CREDIT ANALYSIS CREDIT BUREAUS CREDIT GUARANTEE CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT HISTORY INFORMATION CREDIT INFORMATION CREDIT MARKET CREDIT MARKETS CREDIT PROGRAM CREDIT PROGRAMS CREDIT RATINGS CREDIT RATIONING CREDIT REGISTRIES CREDIT RISK CREDIT SCORES CREDIT SCORING CREDIT SCORING MODEL CREDITOR CREDITORS CREDITWORTHINESS DEBT DEPOSIT DEPOSIT ACCOUNTS DEPOSITS DEVELOPMENT BANK DEVELOPMENT FINANCE DEVELOPMENT FINANCE INSTITUTIONS DOCUMENTATION REQUIREMENTS EARNINGS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ENFORCEABLE PROPERTY RIGHTS ENTERPRISE ASSISTANCE ENTERPRISE DEVELOPMENT ENTREPRENEURS EQUALITY EQUITY FINANCING EQUITY FUND EQUITY FUNDS EXCHANGE RATE EXTERNAL FINANCING FINANCE COMPANIES FINANCES FINANCIAL ASSETS FINANCIAL INNOVATIONS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL MARKET FINANCIAL POLICIES FINANCIAL PRODUCTS FINANCIAL SECTOR DEVELOPMENT FINANCIAL SECTOR POLICIES FINANCIAL SECTOR POLICY FINANCIAL SECTOR REFORM FINANCIAL SECTOR REFORMS FINANCIAL SERVICES FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL TRACK RECORD FINANCIAL TRACK RECORDS FINANCING NEEDS FIXED ASSETS FIXED COSTS FORMAL FINANCE FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL MARKETS GOVERNMENT INTERVENTIONS GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT SECURITIES GUARANTEE SCHEME GUARANTEE SCHEMES GUARANTORS HIGH INTEREST RATES HOUSEHOLDS INEQUALITIES INFORMAL CREDIT INFORMATION ASYMMETRIES INFORMATION INFRASTRUCTURE INFORMATION SYSTEMS INFORMATION TECHNOLOGY INITIAL PUBLIC OFFERING INSTALLMENT INTEREST PAYMENT INTEREST RATE INTEREST RATE CEILINGS INTEREST RATE CONTROLS INTEREST RATES INTERNAL FUNDS INTERNATIONAL BANK INTERNATIONAL FINANCE INVESTMENT CAPITAL JOB CREATION LACK OF ACCESS LACK OF KNOWLEDGE LACK OF PROPERTY LENDER LENDERS LIMITED ACCESS LIMITED ACCESS TO FINANCE LOAN LOAN AMOUNTS LOAN ANALYSIS LOAN APPLICATIONS LOAN APPROVAL LOAN DOCUMENTATION LOAN OFFICER LOAN OFFICERS LOAN PERFORMANCE LOAN PORTFOLIO LOAN PRODUCT LOAN REPAYMENT LOAN REPAYMENTS LOAN SIZE MARKET ECONOMY MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LOANS MONEYLENDERS MORAL HAZARD MULTINATIONAL OUTREACH OUTSTANDING BALANCES OUTSTANDING LOAN OUTSTANDING LOANS PHYSICAL ASSETS POLICY ENVIRONMENT PRIVATE CREDIT PRIVATE EQUITY PROPERTY RIGHTS PROPRIETORSHIPS REAL ESTATE REPAYMENT REPAYMENT HISTORIES REPAYMENT SCHEDULES REPOSSESSION RETURN ON INVESTMENTS RISK MANAGEMENT RISK MITIGATION RURAL BANKING SAVINGS SAVINGS ACCOUNTS SMALL BUSINESS SMALL BUSINESS LENDING SMALL BUSINESS LOANS SMALL ENTERPRISE SMALL LOAN SMALL LOANS START-UPS SUPPLY OF CREDIT TAX RETURNS TECHNICAL ASSISTANCE TERMS OF LOAN TRANSACTION COSTS UNION VENTURE CAPITAL VILLAGE WORKING CAPITAL |
| spellingShingle |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESSIBLE LOANS ACCOUNTS RECEIVABLE ADMINISTRATIVE COSTS AFFORDABLE FINANCING AGRICULTURAL BANK AGRICULTURAL COOPERATIVE AGRICULTURAL DEVELOPMENT BANK ARREARS AVAILABILITY OF CREDIT BALANCE SHEET BANK ACCOUNT BANK ASSETS BANK CREDIT BANK CREDITS BANK LENDING BANK LOANS BANKING SYSTEM BANKS BIASES BORROWER BORROWING BUSINESS CENTER BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT ASSISTANCE BUSINESS DEVELOPMENT SERVICES BUSINESS FAILURES CAPITAL ADEQUACY CAPITAL INJECTIONS CASH FLOW CASH FLOW ANALYSIS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS COMMERCIAL LENDING COMMUNITY BANK COOPERATIVE BANK CORPORATE FINANCE CORRUPTION COST OF LOAN COST OF LOAN PROCESSING CREDIT ANALYSIS CREDIT BUREAUS CREDIT GUARANTEE CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT HISTORY INFORMATION CREDIT INFORMATION CREDIT MARKET CREDIT MARKETS CREDIT PROGRAM CREDIT PROGRAMS CREDIT RATINGS CREDIT RATIONING CREDIT REGISTRIES CREDIT RISK CREDIT SCORES CREDIT SCORING CREDIT SCORING MODEL CREDITOR CREDITORS CREDITWORTHINESS DEBT DEPOSIT DEPOSIT ACCOUNTS DEPOSITS DEVELOPMENT BANK DEVELOPMENT FINANCE DEVELOPMENT FINANCE INSTITUTIONS DOCUMENTATION REQUIREMENTS EARNINGS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ENFORCEABLE PROPERTY RIGHTS ENTERPRISE ASSISTANCE ENTERPRISE DEVELOPMENT ENTREPRENEURS EQUALITY EQUITY FINANCING EQUITY FUND EQUITY FUNDS EXCHANGE RATE EXTERNAL FINANCING FINANCE COMPANIES FINANCES FINANCIAL ASSETS FINANCIAL INNOVATIONS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL MARKET FINANCIAL POLICIES FINANCIAL PRODUCTS FINANCIAL SECTOR DEVELOPMENT FINANCIAL SECTOR POLICIES FINANCIAL SECTOR POLICY FINANCIAL SECTOR REFORM FINANCIAL SECTOR REFORMS FINANCIAL SERVICES FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL TRACK RECORD FINANCIAL TRACK RECORDS FINANCING NEEDS FIXED ASSETS FIXED COSTS FORMAL FINANCE FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL MARKETS GOVERNMENT INTERVENTIONS GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT SECURITIES GUARANTEE SCHEME GUARANTEE SCHEMES GUARANTORS HIGH INTEREST RATES HOUSEHOLDS INEQUALITIES INFORMAL CREDIT INFORMATION ASYMMETRIES INFORMATION INFRASTRUCTURE INFORMATION SYSTEMS INFORMATION TECHNOLOGY INITIAL PUBLIC OFFERING INSTALLMENT INTEREST PAYMENT INTEREST RATE INTEREST RATE CEILINGS INTEREST RATE CONTROLS INTEREST RATES INTERNAL FUNDS INTERNATIONAL BANK INTERNATIONAL FINANCE INVESTMENT CAPITAL JOB CREATION LACK OF ACCESS LACK OF KNOWLEDGE LACK OF PROPERTY LENDER LENDERS LIMITED ACCESS LIMITED ACCESS TO FINANCE LOAN LOAN AMOUNTS LOAN ANALYSIS LOAN APPLICATIONS LOAN APPROVAL LOAN DOCUMENTATION LOAN OFFICER LOAN OFFICERS LOAN PERFORMANCE LOAN PORTFOLIO LOAN PRODUCT LOAN REPAYMENT LOAN REPAYMENTS LOAN SIZE MARKET ECONOMY MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LOANS MONEYLENDERS MORAL HAZARD MULTINATIONAL OUTREACH OUTSTANDING BALANCES OUTSTANDING LOAN OUTSTANDING LOANS PHYSICAL ASSETS POLICY ENVIRONMENT PRIVATE CREDIT PRIVATE EQUITY PROPERTY RIGHTS PROPRIETORSHIPS REAL ESTATE REPAYMENT REPAYMENT HISTORIES REPAYMENT SCHEDULES REPOSSESSION RETURN ON INVESTMENTS RISK MANAGEMENT RISK MITIGATION RURAL BANKING SAVINGS SAVINGS ACCOUNTS SMALL BUSINESS SMALL BUSINESS LENDING SMALL BUSINESS LOANS SMALL ENTERPRISE SMALL LOAN SMALL LOANS START-UPS SUPPLY OF CREDIT TAX RETURNS TECHNICAL ASSISTANCE TERMS OF LOAN TRANSACTION COSTS UNION VENTURE CAPITAL VILLAGE WORKING CAPITAL Malhotra, Mohini Chen, Yanni Criscuolo, Alberto Fan, Qimiao Hamel, Iva lIieva Savchenko, Yevgeniya Expanding Access to Finance : Good Practices and Policies for Micro, Small, and Medium Enterprises |
| relation |
World Bank Institute (WBI) Learning
Resources Series |
| description |
This book on micro, small, and medium
enterprise (MSME) finance is intended primarily for
government policy makers. It presents a policy framework
whereby governments can support increased access by MSME to
financial services based on empirical evidence and
practices. MSME complain that lack of access to finance
constrains their growth and competitiveness. Indeed,
financial sector policies often work against the ability of
commercial financial institutions to serve MSME, albeit
often unintentionally. In many countries, lack of
competition in the banking sector limits pressure on banks
to reach out to MSME client segments. High risk and high
transaction costs-real or perceived-associated with bank
lending to MSME likewise constrain access. Often,
supervisory and capital adequacy requirements penalize banks
for lending to enterprises that lack traditional collateral.
Attempts by governments to address these constraints and
offset the inequalities in financial sector policy generally
have not achieved the desired results. This book lays out a
market-based policy framework for governments that focuses
on delivery of financial services to MSME on commercial
terms. The framework guides governments in focusing scarce
resources on developing an inclusive financial sector
policy; building sound financial institutions; and investing
in a supportive information infrastructure, such as credit
bureaus and accounting standards. Examples from around the
world illustrate how such a strategy has helped build more
inclusive financial systems for all. |
| format |
Publications & Research :: Publication |
| author |
Malhotra, Mohini Chen, Yanni Criscuolo, Alberto Fan, Qimiao Hamel, Iva lIieva Savchenko, Yevgeniya |
| author_facet |
Malhotra, Mohini Chen, Yanni Criscuolo, Alberto Fan, Qimiao Hamel, Iva lIieva Savchenko, Yevgeniya |
| author_sort |
Malhotra, Mohini |
| title |
Expanding Access to Finance : Good Practices and Policies for Micro, Small, and Medium Enterprises |
| title_short |
Expanding Access to Finance : Good Practices and Policies for Micro, Small, and Medium Enterprises |
| title_full |
Expanding Access to Finance : Good Practices and Policies for Micro, Small, and Medium Enterprises |
| title_fullStr |
Expanding Access to Finance : Good Practices and Policies for Micro, Small, and Medium Enterprises |
| title_full_unstemmed |
Expanding Access to Finance : Good Practices and Policies for Micro, Small, and Medium Enterprises |
| title_sort |
expanding access to finance : good practices and policies for micro, small, and medium enterprises |
| publisher |
Washington, DC : World Bank |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/05/13881825/expanding-access-finance-good-practices-policies-micro-small-medium-enterprises http://hdl.handle.net/10986/6621 |
| _version_ |
1764398157337198592 |
| spelling |
okr-10986-66212021-04-23T14:02:26Z Expanding Access to Finance : Good Practices and Policies for Micro, Small, and Medium Enterprises Malhotra, Mohini Chen, Yanni Criscuolo, Alberto Fan, Qimiao Hamel, Iva lIieva Savchenko, Yevgeniya ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESSIBLE LOANS ACCOUNTS RECEIVABLE ADMINISTRATIVE COSTS AFFORDABLE FINANCING AGRICULTURAL BANK AGRICULTURAL COOPERATIVE AGRICULTURAL DEVELOPMENT BANK ARREARS AVAILABILITY OF CREDIT BALANCE SHEET BANK ACCOUNT BANK ASSETS BANK CREDIT BANK CREDITS BANK LENDING BANK LOANS BANKING SYSTEM BANKS BIASES BORROWER BORROWING BUSINESS CENTER BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT ASSISTANCE BUSINESS DEVELOPMENT SERVICES BUSINESS FAILURES CAPITAL ADEQUACY CAPITAL INJECTIONS CASH FLOW CASH FLOW ANALYSIS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS COMMERCIAL LENDING COMMUNITY BANK COOPERATIVE BANK CORPORATE FINANCE CORRUPTION COST OF LOAN COST OF LOAN PROCESSING CREDIT ANALYSIS CREDIT BUREAUS CREDIT GUARANTEE CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT HISTORY INFORMATION CREDIT INFORMATION CREDIT MARKET CREDIT MARKETS CREDIT PROGRAM CREDIT PROGRAMS CREDIT RATINGS CREDIT RATIONING CREDIT REGISTRIES CREDIT RISK CREDIT SCORES CREDIT SCORING CREDIT SCORING MODEL CREDITOR CREDITORS CREDITWORTHINESS DEBT DEPOSIT DEPOSIT ACCOUNTS DEPOSITS DEVELOPMENT BANK DEVELOPMENT FINANCE DEVELOPMENT FINANCE INSTITUTIONS DOCUMENTATION REQUIREMENTS EARNINGS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ENFORCEABLE PROPERTY RIGHTS ENTERPRISE ASSISTANCE ENTERPRISE DEVELOPMENT ENTREPRENEURS EQUALITY EQUITY FINANCING EQUITY FUND EQUITY FUNDS EXCHANGE RATE EXTERNAL FINANCING FINANCE COMPANIES FINANCES FINANCIAL ASSETS FINANCIAL INNOVATIONS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL MARKET FINANCIAL POLICIES FINANCIAL PRODUCTS FINANCIAL SECTOR DEVELOPMENT FINANCIAL SECTOR POLICIES FINANCIAL SECTOR POLICY FINANCIAL SECTOR REFORM FINANCIAL SECTOR REFORMS FINANCIAL SERVICES FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL TRACK RECORD FINANCIAL TRACK RECORDS FINANCING NEEDS FIXED ASSETS FIXED COSTS FORMAL FINANCE FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL MARKETS GOVERNMENT INTERVENTIONS GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT SECURITIES GUARANTEE SCHEME GUARANTEE SCHEMES GUARANTORS HIGH INTEREST RATES HOUSEHOLDS INEQUALITIES INFORMAL CREDIT INFORMATION ASYMMETRIES INFORMATION INFRASTRUCTURE INFORMATION SYSTEMS INFORMATION TECHNOLOGY INITIAL PUBLIC OFFERING INSTALLMENT INTEREST PAYMENT INTEREST RATE INTEREST RATE CEILINGS INTEREST RATE CONTROLS INTEREST RATES INTERNAL FUNDS INTERNATIONAL BANK INTERNATIONAL FINANCE INVESTMENT CAPITAL JOB CREATION LACK OF ACCESS LACK OF KNOWLEDGE LACK OF PROPERTY LENDER LENDERS LIMITED ACCESS LIMITED ACCESS TO FINANCE LOAN LOAN AMOUNTS LOAN ANALYSIS LOAN APPLICATIONS LOAN APPROVAL LOAN DOCUMENTATION LOAN OFFICER LOAN OFFICERS LOAN PERFORMANCE LOAN PORTFOLIO LOAN PRODUCT LOAN REPAYMENT LOAN REPAYMENTS LOAN SIZE MARKET ECONOMY MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LOANS MONEYLENDERS MORAL HAZARD MULTINATIONAL OUTREACH OUTSTANDING BALANCES OUTSTANDING LOAN OUTSTANDING LOANS PHYSICAL ASSETS POLICY ENVIRONMENT PRIVATE CREDIT PRIVATE EQUITY PROPERTY RIGHTS PROPRIETORSHIPS REAL ESTATE REPAYMENT REPAYMENT HISTORIES REPAYMENT SCHEDULES REPOSSESSION RETURN ON INVESTMENTS RISK MANAGEMENT RISK MITIGATION RURAL BANKING SAVINGS SAVINGS ACCOUNTS SMALL BUSINESS SMALL BUSINESS LENDING SMALL BUSINESS LOANS SMALL ENTERPRISE SMALL LOAN SMALL LOANS START-UPS SUPPLY OF CREDIT TAX RETURNS TECHNICAL ASSISTANCE TERMS OF LOAN TRANSACTION COSTS UNION VENTURE CAPITAL VILLAGE WORKING CAPITAL This book on micro, small, and medium enterprise (MSME) finance is intended primarily for government policy makers. It presents a policy framework whereby governments can support increased access by MSME to financial services based on empirical evidence and practices. MSME complain that lack of access to finance constrains their growth and competitiveness. Indeed, financial sector policies often work against the ability of commercial financial institutions to serve MSME, albeit often unintentionally. In many countries, lack of competition in the banking sector limits pressure on banks to reach out to MSME client segments. High risk and high transaction costs-real or perceived-associated with bank lending to MSME likewise constrain access. Often, supervisory and capital adequacy requirements penalize banks for lending to enterprises that lack traditional collateral. Attempts by governments to address these constraints and offset the inequalities in financial sector policy generally have not achieved the desired results. This book lays out a market-based policy framework for governments that focuses on delivery of financial services to MSME on commercial terms. The framework guides governments in focusing scarce resources on developing an inclusive financial sector policy; building sound financial institutions; and investing in a supportive information infrastructure, such as credit bureaus and accounting standards. Examples from around the world illustrate how such a strategy has helped build more inclusive financial systems for all. 2012-05-29T21:39:46Z 2012-05-29T21:39:46Z 2007 http://documents.worldbank.org/curated/en/2007/05/13881825/expanding-access-finance-good-practices-policies-micro-small-medium-enterprises 978-0-8213-7177-0 http://hdl.handle.net/10986/6621 English en_US World Bank Institute (WBI) Learning Resources Series CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC : World Bank Publications & Research :: Publication Publications & Research :: Publication |