The problem: small businesses need financing to grow. The solution: financial institutions should lend them money.
Of course, it’s never that simple. Especially for financial institutions in developing countries, which often don’t have the resources to deliver efficient, risk-mitigated SME (small and medium enterprise) lending.
That’s where Technology and Innovation for Financial Inclusion (TIFI) comes into play. With the support of our donors, the Worldwide Foundation for Credit Unions provides financial support to TIFI, in addition to funding from USAID, to develop tools that credit unions in developing nations can use to improve and expand their SME lending.
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