SMEs consistently rank access to finance as one of the top three constraints to their growth. While there is no statistic documenting the severity of…View More SME Finance: Barriers and Opportunities
Among all firms, the financing constraint is more acute among the micro and small firms and also among the informal businesses. Similarly, women-owned enterprises often…View More Financing Gap Relative to Outstanding SME Credit by Region
Recent estimates indicate that there are close to 5 million formal SMEs based in Africa, representing a significant share of the 25–30 million formal SMEs…View More Revisiting the Credit Gap for SMEs in Africa
Recent evidence based on surveys of 47,745 firms in 99 countries around the world, shows that SMEs are the first suppliers of employment across countries,…View More Fostering Financing for Africa’s Small and Medium Enterprises
The market share of foreign-owned banks has increased across the developing world over the past 20 years, especially in Latin America and Eastern Europe and…View More International experience with foreign bank entry
The previous section provided a snapshot of firm and country characteristics that can explain access to bank finance by firms in Africa. Some of these…View More SME FINANCE IN AFRICA— QUO VADIS?
This section explores the covariates of the likelihood of having a loan from a formal financial institution. The graphs in the previous section show that…View More WHAT EXPLAINS ACCESS TO FINANCE BY SMEs IN AFRICA AND ELSEWHERE?
ENTERPRISE ACCESS TO FINANCE, AN INTERNATIONAL COMPARISON The Enterprise Surveys of the World Bank Group allow a detailed exploration of variation in the use of…View More ENTERPRISE ACCESS TO FINANCE, AN INTERNATIONAL COMPARISON