New SME Financial Access Initiatives: Private Foundations’ Path to Donor Partnerships

In recent years, a number of private foundations and organizations have launched ambitious initiatives to support promising entrepreneurs in developing countries, on both a for-profit and not-for-profit basis. Many of these programs have focused exclusively on building business capacity. While these tailored programs play an important role in supporting small- and medium-sized enterprise (SME) development, their overall effectiveness remains hamstrung in part by continuing constraints on entrepreneurs’ access to expansion and operating capital. [Working Paper 253] URL: [http://www.cgdev.org/content/publications/detail/1425145/]