Washington D.C., April 8th 2022 – Yemen Loan Guarantee Program 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.
“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 240 active member institutions, which operate in over 190 countries sharing the common purpose of helping under-served enterprises. We are delighted to welcome Yemen Loan Guarantee Program to further grow our mission.” said Matthew Gamser, CEO of the SME Finance Forum.
Yemen Loan Guarantee Program is a non-for-profit guarantee provider, aiming to increase the facilitation of credit to enterprise owners for growth and expansion. The YLG provides partial guarantees on loans made by bank and microfinance institutions to MSMEs located in Yemen.
" The credit guarantee industry is emerging in Yemen, and as the only credit guarantee scheme in Yemen, our membership in the SME Finance Forum will facilitate our communications with experienced credit guarantee schemes worldwide to benefit from their expertise and reflect it to the Yemeni market.” said Rami M. Al-Sabri, Managing Director at Yemen Loan Guarantee Program.
About SME Finance Forum
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 +240 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
About Yemen Loan Guarantee Program
Yemen Loan Guarantee Program is a non-for-profit guarantee provider, aiming to increase the facilitation of credit to enterprise owners for growth and expansion. The YLG provides partial guarantees on loans made by bank and microfinance institutions to MSMEs located in Yemen.
Learn more at:
Website: https://www.ylg-yemen.org/
LinkedIn: https://www.linkedin.com/company/ylgprogram/posts/?feedView=all
Facebook: https://www.facebook.com/YLGprogram/
Twitter: https://twitter.com/ylgprogram?lang=en
