Building on the growing evidence that micro finance works, an Obama administration will provide initial capital for an SME Fund. Administered through the Overseas Private Investment Corporation, an independent U.S. government agency, the government will provide seed capital matched by a larger portion from the private sector. The SME Fund will be designed to provide seed capital and technical assistance to catalyze the establishment of job-creating small and medium enterprises, and to build the capacity of entrepreneurs to translate their ideas into viable businesses, including through the creation of regional 'SME Universities' supported by America's business schools.
Create a fund for international small and medium enterprises (SME)
['United_States', 'Barack_Obama']