MĂ–NCHENGLADBACH, Germany,
June 27, 2024 /PRNewswire/ -- This
MSME Day, Tradewind Finance, a global trade finance provider, is
celebrating the thousands of SME customers it has served over the
years with reliable capital to grow and thrive.
Dubbed the "backbone" of economies, micro, small and
medium-sized enterprises (MSMEs) make up 90% of businesses globally
and account for over 70% of jobs worldwide, according to the United
Nations website. They're critical to achieving the United Nation's
2030 Agenda for Sustainable Development Goals, including decent
work for all.
By partnering with SMEs, Tradewind has also contributed to this
set of SDGs. Apart from Decent Work and Economic Growth (SDG 8),
Tradewind's activities and their development effects in emerging
markets have also made a positive impact on the following: Zero
Hunger; Industry, innovation and infrastructure; and Partnership of
the Goals.
Despite their critical role in the world, MSMEs, especially
those in developing countries, still face challenges accessing the
financing they need for day-to-day operations and successful
growth.
As per the Asian Development Bank, there is an estimated
$2.5 trillion trade finance gap,
which signifies the difference between requests and approvals for
financing to support imports and exports. This unmet demand denies
businesses the working capital and trade support required to
achieve their full potential. Tradewind is closing this gap by
providing their customers with flexible, tailor-made financial
solutions that deliver quick access to capital and reduce the risk
of non-payment from buyers.
Most of Tradewind's customers are small and medium-sized
businesses. The firm's funding is based on their customers' buyers'
creditworthiness, rather the customer's own financials, which they
might still be developing and strengthening. The company's flexible
approach to financing enables SMEs to receive the funding they
require and deserve.
Today, the team at Tradewind would like to take the opportunity
to thank their SME customers spread in most of the markets across
the globe. Through on-site visits to the facilities of their
clients and close collaboration with them, the team recognizes the
significance of the products and services made by small and
mid-sized manufacturers, traders, exporters, importers, processors
and others that have changed and shaped the world.
Media Contact:
contact@tradewindfinance.com
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