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Cables and wires stored in a warehouse at Reroy Cables, a producer of electrical cables. By making use of a collateral registry, established with the support of International Finance Corporation (IFC), Reroy Cables was able to use its machinery, raw materials and inventory as security against loans provided by CAL Bank. The finance provided was used to augment the company's 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 Small and Medium Enterprises (SMEs).
Nyani Quarmyne / Panos Pictures /Felix Features 25 Jun 2014