Survey Report on Alternative Finance for MSMEs

Reflecting on the vital role of MSMEs in emerging economies

The report reflects on the economic and social importance of the MSME sector in emerging economies. It explores the significance of available research on the MSME finance gap, i.e. the difference between what access to finance is available to MSMEs and the level of financing that they actually require. 

The objective of this report is to:

  • Share the insights from an AFI SME Finance Working Group survey undertaken in 2019 on the state of alternative MSME finance in the AFI network.
  • Provide guidelines and country examples to regulators and other authorities on the issues to consider when developing alternative MSME finance.

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