Financing a business

While not every SME turns into a multinational enterprise, they all face a similar issue in their early days: finding the right type of finance at an affordable cost to start and grow the business. The ability of SMEs to develop, grow, sustain and strengthen themselves is heavily determined by their capacity to access and manage finance. Unfortunately, SMEs in the region consistently cite the lack of access to finance as a serious obstacle to their development. Therefore, this chapter addresses some of the key issues concerning the financing of SMEs.

Related Subject(s): Economic and Social Development