SME Access to Finance and Enterprise Development Services (RG-K1148)

This study is an input to the Inter-American Development Bank's regional strategy to improve access to credit for Small and Medium Enterprises (SMEs) in the Latin America region. The core of this strategy is a reform of secure lending on the basis of movable collaterals that will allow SMEs to use a larger portion of their assets to obtain credit. The expectations are that once implementation is complete, the supply of bank credit to SMEs will expand and the terms will also improve in costs, amounts and duration. This work examines the reforms in place or in various stages of implementation in Jamaica, Mexico and Peru. The study of each case can provide inputs to, extract lessons from the practical experience of these three countries and formulate some possible strategies to complete the reforms.