DEG's commitment in financial sector benefits 95,000 SMEs

In many developing countries, companies have no reliable access to long-term finance. DEG provides these businesses with long-term loans and equity participations to facilitate investments which impact development. To this end, DEG also finances local banks and other financial intermediaries – to provide the long-term financing that is required particularly by small and medium-sized enterprises in developing countries. Financiers on the ground have local knowledge and are close to the customer, key requirements which enable them to finance and advise local SMEs appropriately. In 2015 alone, DEG reached 95,000 SMEs with this financing.