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Two Trillion and Counting: Assessing the Credit Gap for Micro, Small and Medium-Size Enterprises in the Developing World

Two Trillion and Counting: Assessing the Credit Gap for Micro, Small and Medium-Size Enterprises in the Developing World

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The total unmet need for credit by all formal and informal MSMEs in emerging markets today is in the range of $2.1 trillion to $2.5 trillion. The authors of this study believe the credit gap can be substantially closed, but it will require significant effort from both governments and private institutions. Governments will need to create the enabling environments and financial infrastructure. Private firms will need to identify economically sustainable approaches to serving MSMEs. Private institutions that implement sound business models will be able to earn billions of dollars in incremental revenues per year, while also contributing significantly to economic development and job creation.
The total unmet need for credit by all formal and informal MSMEs in emerging markets today is in the range of $2.1 trillion to $2.5 trillion. The authors of this study believe the credit gap can be substantially closed, but it will require significant effort from both governments and private institutions. Governments will need to create the enabling environments and financial infrastructure. Private firms will need to identify economically sustainable approaches to serving MSMEs. Private institutions that implement sound business models will be able to earn billions of dollars in incremental revenues per year, while also contributing significantly to economic development and job creation.

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Published by: IFC Access to Finance and Financial Markets on Mar 08, 2011
Copyright:Attribution Non-commercial

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03/08/2011

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This article is the result of a joint effort of McKinsey & Companyand IFC, a member of the World Bank Group.
Peer Stein
International Finance Corporation
Tony Goland
McKinsey & Company
Robert Schiff
McKinsey & Company
OCTOBER 2010
Two trillionand counting
Assessing the credit gap formicro, small, and medium-size enterprisesin the developing world
 
Two trillionand counting
Assessing the credit gap formicro, small, and medium-size enterprisesin the developing world

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