We believe that small businesses are the backbone of any economy and fuel of growth and innovation in a country. SMEs not only play a crucial role in providing large employment opportunities but also contribute enormously to the socio-economic development of the country. However, despite their pivotal role in the national economic structure, SMEs in India are facing several challenges that impede their growth. This led to the inception of SMEcorner by Samir Bhatia, with the aim of making working capital easily accessible to such growing SMEs.
SMEcorner's mission is to fill India's SME lending gap with the use of a proprietary online platform that combines machine learning, data science and artificial intelligence in a safe environment. Like any good business, we want to bring in ease and agility into the business lending ecosystem and are committed to help small businesses grow.
Over more than 50 years, Accion has helped to build 65 next generation microfinance institutions on four continents that today reach millions of clients. Accion's impact investing initiatives are pushing beyond microfinance to catalyze more than 30 innovative startups dedicated to improving the efficiency, reach, and scope of financial services for the poor.
The Dutch Good Growth Fund is a 'fund of fund' investment initiative by the Dutch Ministry of Foreign Affairs, to improve financing for the missing middle - i.e. entrepreneurs who have outgrown micro-financing but do not yet have access to conventional capital markets.
The DGGF aims to reach out to underserved countries, foster innovative financing products and invest in specific target groups (young entrepreneurs, female entrepreneurs, and entrepreneurs in fragile states that face high barriers to attracting capital). By doing so, the DGGF contributes to promoting knowledge transfer, increasing employment and production capacity and thus becomes a driver of economic growth.