SMEs Emerging Markets-7

A worker rolls a spool of cable across the factory floor at Reroy Cables, a producer of electrical cables in Tema, Ghana on 25 June 2014. By making use of a collateral registry established with the support of IFC, Reroy Cables was able to use machinery, raw materials and inventory as security against financing provided by CAL Bank. Finance provided is used to augment working capital as required, and to expand capacity and improve production processes. IFC supported initiatives to create a regulatory framework for leasing, and establish credit bureaus and collateral registries have improved access to finance for SMEs.