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Welcome to the G-20 SME Finance Challenge Media Center -- your connection to this open call by the G-20 nations for innovative solutions that help unlock financing for small and medium sized enterprises (SMEs).
The G-20 has just committed more than one-half billion dollars to support the winners of the G-20 SME Finance Challenge. Pres. Barack Obama, Korean President Lee Myung-bak, and Canadian Prime Minister Stephen Harper congratulated the winners in person and announced this stupendous funding commitment at the closing of the G-20 Seoul Summit.
South Korean President Lee Myung-bak (C), U.S. President Barak Obama (third from L) and Canadian Prime Minister Stephen Harper (third from R) pose with SME Finance Challenge Award people’s choice winners Scott Gilmore, Peace Dividend Trust executive director (L); Sylvia Beate Wisniwski, European Fund for Southeast Europe executive director (second from L); Obama, Myung-bak, and Harper; SME Finance Challenge Award people’s choice winner Onno Schellekens, Medical Credit Fund co-founder (second from right), and Bill Carter, Ashoka's diamond leader for Africa - at the closing of the G-20 Seoul Summit on Nov. 12.
Here you will find stories and background information about the role SMEs are playing to reduce poverty and build stronger communities.
Discover stories about people, creative solutions, and the G-20’s commitment to supporting SMEs and job creation globally.
The best solutions will be scaled up and expanded with millions of dollars and introduced at the Seoul Summit this November.
"The G-20 turned to Ashoka to help create a process that brought voices of leading social innovators together with world leaders on the stage of a G-20 Summit meeting for the first time because of Ashoka's 30 years of experience in building a global, entrepreneurial, competitive citizen sector where social entrepreneurs thrive and the world’s citizens think and act as changemakers," said Diana Wells, Ashoka President. "Ashoka contributed its ability to find, evaluate, and invest in leading social entrepreneurs."