SMEs and SDGs: Supporting small and medium enterprises to achieve the sustainable development goals – Insights from a BlueOrchard Survey
As an impact investment manager focusing on the developing world for more than 15 years, BlueOrchard has participated in the evolution of the inclusive finance sector as it has expanded beyond the financing of traditional microfinance institutions to include a broad range of lenders to small and medium enterprises (SMEs). Contributing to the growth and development of the SME sector has both important economic and social impacts, and these businesses, both formal and informal, have a critical role to play in the achievement of the Sustainable Development Goals. Building on a survey conducted by BlueOrchard on a sample of financial institutions lending to SMEs across different regions, the authors explore in this paper how these impacts can be achieved, the challenges and opportunities that SMEs face, and how their further development can be supported.
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