Overview of SME finance

Increasing access to finance by SMEs is important because SMEs are the engine of economic development, they constitute the majority of business enterprises, and they are vital for employment generation and poverty alleviation. However, financial constraints – high cost and lack of access to finance – impede SME growth. Indeed, these problems rank top among perceived obstacles by SMEs in surveys across the globe. Without sufficient capital SMEs are unable to develop and take advantage of business opportunities.

Sustainable Development Goals:

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions