Martin Hommes

Martín Hommes is a Climate Finance Advisory Services Officer working for the Latin America Financial Institutions Group of IFC. Martín has over 16 years of experience working as an economist and financial services advisor to banks across different regions including Latin America & the Caribbean, Sub-Saharan Africa, Middle East, and Asia. His areas of expertise span from climate finance, financial inclusion, risk management, supply chain financing, and capital markets development.

Prior to joining IFC, Martín held various positions in the private and public financial sector including working for Citigroup Global Markets in Latin American capital markets, at the International Monetary Fund (IMF) in the Fiscal Affairs Department and as a Senior Financial Officer at Marco Polo Network, a financial technology firm focused on Emerging Markets.

Martín holds a BA in Economics from the University of Pennsylvania and a MPA / International Development from Harvard Kennedy School.

By Martin Hommes


The Promise of Fintech for Micro and Small Enterprises

Nearly 500 million micro and small enterprises (MSEs) are estimated to be operating around the world. Access to credit and other financial services is critical to the growth and sustainability of these businesses, and consequentially to the low-income and vulnerable populations which rely on MSEs for their livelihoods. Yet despite decades of efforts and some notable successes in expanding MSE finance, the credit gap remains an estimated 4.9 trillion U.S. dollars.

Closing the MSME Credit Gap for the Informal Sector

An estimated 80 percent of enterprises in developing economies - approximately 280-340 million - are informal firm. Bringing these enterprises into the formal sector requires specialized approaches, due to the varying degree of informality across countries.

Closing the Credit Gap for Micro, Small and Medium Enterprises

Micro, small and medium enterprises face many obstacles in developing countries, but access to finance remains by far the most cited obstacle experienced by firms trying to formalize, grow and increase productivity.