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Fueling online sellers' access to finance
Online sellers frequently require small working capital injections to fulfill new orders they receive online, but securing bank loans is very difficult for MSMEs in developing countries. The eTrade Alliance is architecting and promoting ambitious solutions to address these challenges, such as a uniform corporate digital ID that would enable MSMEs to access financial services with greater ease, an eLoan Guarantee aimed to expand lending from developing country FinTechs; and digital finance solutions that developing country farmers can access through their smartphones.
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