scholarly journals Formal Land Titling vs. Small and Medium Enterprises’ (SMEs’) Access to Credit: The South-Western Nigerian Experience

2017 ◽  
Vol 11 (2) ◽  
pp. 190
Author(s):  
Victor Olutope Ige ◽  
David Ngwoke Mbazor ◽  
Akintomide Joseph Akinlabi
Keyword(s):  
Small And Medium Enterprises ◽  
The South ◽  
Access To Credit ◽  
Land Titling ◽  
Medium Enterprises

scholarly journals Contributions of Micro, Small and Medium Enterprises (MSMEs) to Income Generation, Employment and GDP: Case Study Ethiopia

2019 ◽  
Vol 12 (3) ◽  
pp. 46 ◽  
Author(s):  
Hailai Abera Weldeslassie ◽  
Claire Vermaack ◽  
Kibrom Kristos ◽  
Luback Minwuyelet ◽  
Mahlet Tsegay ◽  
...  
Keyword(s):  
Small And Medium Enterprises ◽  
Secondary Data ◽  
Weak Links ◽  
Income Generation ◽  
Access To Credit ◽  
Challenges And Opportunities ◽  
Entrepreneurial Climate ◽  
Market Linkage ◽  
Medium Enterprises ◽  
Log Linear

The pillar goals of this research are to review the conditions of MSMEs, their contribution to employment creation, income generation, poverty alleviation, contributions to the local, regional and national GDP, stimulating entrepreneurial climate and the challenges and opportunities in the design, implementations, marketing opportunities, linkages, financial sources, dynamics, survival and policy landscape. To achieve the presented purposes, we collected primary and secondary data through a survey, focus group discussions and documents reviews. We used qualitative and quantitative approaches to analyse the collected data using various statistical programs. We used descriptive and econometric statistical analysis to process the data, obtain the relevant estimation results and fully discuss the purposes under the study. We firmly maintain that the systems we presented, and the methods applied enabled us to tackle the aims of the study. MSMEs in Ethiopian are the chief sources of job, income, significantly contribute to the local, regional and national GDP and key policies to eliminate poverty. In the log-linear regression, we found that MSMEs initial capital, BDS, access to credit facility are the key determinants of MSMEs performance. Majority of the MSMEs produce for local and regional markets; few for national markets and none for international markets. Besides, we found that sex of MSMEs owner/manager, BDS, access to credit and capital size strongly determine the survival of MSMEs. Based on this study, the major obstacles of MSMEs in Ethiopia are the question of sustainability, lack of credit, weak market linkage, insufficient training, weak human resources development schemes, dependency on government and spoon-feeding mentality, oscillations in government policies, price variations, weak links and poor market and product development strategies.

Inequalities in Firms’ Access to Credit in Latin America

2013 ◽  
Vol 13 (03n04) ◽  
pp. 283-318 ◽  
Author(s):  
Harry Makler ◽  
Walter L. Ness ◽  
Adrian E. Tschoegl
Keyword(s):  
Latin America ◽  
World Bank ◽  
Potential Role ◽  
Small And Medium Enterprises ◽  
Credit Constraint ◽  
Access To Credit ◽  
Poverty And Inequality ◽  
Gender Education ◽  
Political Associations ◽  
Medium Enterprises

A variety of social and economic institutions have contributed to the decline in poverty and inequality in Latin America. We focus on the bank-SME nexus because of the importance of banks as a source of finance for small and medium enterprises (SMEs), and the potential role that SMEs can play as sources of innovation, employment, and in reducing poverty and inequality. Our regression analysis of data from World Bank (WB) surveys of firms in Argentina, Brazil, Chile, and Mexico shows that firms that are smaller, newer, less technically advanced, and less well-located firms are more likely to report being credit constrained. The factors that did not count are executive characteristics such as gender, education, and experience in the sector, and firm performance or foreign ownership. Firms that worked with several banks, developed affiliations to business groups or were in trade and political associations were less likely to report credit constraint.

scholarly journals Foreclosure on collateral under French and Vietnamese laws

2019 ◽  
Vol 3 (2) ◽  
pp. 111-118
Author(s):  
Le Bich Thuy
Keyword(s):  
Small And Medium Enterprises ◽  
Active Role ◽  
Property Value ◽  
Access To Credit ◽  
Personal Rights ◽  
Secured Transactions ◽  
Medium Enterprises ◽  
Gain Access ◽  
Do So

In Vietnam, as a result of limited financial competence, it is quite normal for small and medium enterprises to acquire loans from credit institutions, mostly under pledge and mortgage agreements. With the purpose of fostering economic growth, it is, therefore, very important to help individuals and businesses gain access to credit and increase the credit availability for them. In order to do so, obviously the possibility of predicting the time and cost involved in the realization of their security rights should be clearly seen by creditors through clear and effective regulations on enforcement or particularly on the foreclosure of collateral. In fact, Vietnamese laws on secured transactions has recently been developed under the Civil Code 2015, adding two new security devices which are retention of title and retention of property. The new code also clearly distinguishing security devices which have the characteristic of personal rights and real rights as well as perfects the mechanism of effectiveness against third parties. The paper focuses on presenting the differences between the foreclosure o pledged and mortgaged property in French laws and in Vietnamese laws and suggests some modifications to Vietnamese relevant statutes to protect the rights of both debtors and creditors in pledge and mortgage transactions, learning from French practices. Recommendations include a more active role of the securing party in serurity right enforcement process under judicial supervision, the court's involvement in property value appraisal, an extra-judicial mechanism for creditors for collaterall repossession and a provision setting forth an obligation of the secured party to diligently and effectively exploit the secured property to earn maximum fruit and incomes and deduct such amount from the interest and original loan.  

scholarly journals Financing MSMEs (Micro Small and Medium Enterprises) in Nigeria: Implications of Transaction Costs

2018 ◽  
Author(s):  
Oluseye Ajuwon ◽  
Sylvanus Ikhide ◽  
Joseph Akotey
Keyword(s):  
Financial Institutions ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Survey Method ◽  
Access To Finance ◽  
Access To Credit ◽  
Transactions Cost ◽  
Medium Enterprises ◽  
The Impact ◽  
Depth Interviews

This study investigated the roles of transactions cost in MSMEs access to finance. This was done by investigating the impact of transactions cost on access to credit from both MSMEs and financial institutions (commercial banks and microfinance banks). From the MSMEs’ side, borrowing experience, decision lag, firm size and borrowers’ distance to the loan office were investigated. On the financial institution’s side, the costs of information gathering, loan administration, monitoring and loan enforcement were investigated. We used the questionnaire survey method, in-depth interviews and case studies, as well as the annual financial statements of the banks. We identified interest rate and collateral value as constraints to access to finance for MSMEs. We also found financial institutions’ attitude to MSMEs access to credit was not friendly. Financial institutions need to do more to bring down transaction cost of lending. This hopefully can be achieved by investing more in agent banking which would lower operating costs, as well as spreading risk, and ultimately increase credit intermediation to small businesses.

Start a Business, Get a Credit, Make an Impact

2020 ◽  
Vol 12 (2) ◽  
pp. 29-47
Author(s):  
Sergey Samoilenko ◽  
Kweku-Muata Osei-Bryson
Keyword(s):  
Small And Medium Enterprises ◽  
Sub Saharan Africa ◽  
Necessary Condition ◽  
Sufficient Condition ◽  
Access To Finance ◽  
Access To Credit ◽  
Sub Saharan ◽  
Multi Method Approach ◽  
Medium Enterprises ◽  
Method Approach

It is well known that small and medium enterprises (SME) are important drivers of economic growth, particularly in the countries of Sub-Saharan Africa (SSA). However, typically many SMEs operate as informal enterprises which limits their access to finance. Access to appropriate levels of credit (i.e., get credit) is generally a necessary condition but not sufficient condition for improvement in socio-economic outcomes (i.e., make impact). Thus, improving access to credit is still a desirable goal. This paper uses a DEA-based multi-method approach to explore the “ICT Capabilities & Going Legit & Get Credit & Make Impact” path. The results show that there are statistically significant links between ICT Capabilities and legitimization of SMEs (i.e., going legit), ICT capabilities and get credit, and going legit and get credit. Given this desirability of improving access to credit (i.e., get credit), these results suggest that the increasing the level ICT capabilities should result in increases in the levels of going legit and get credit.

Financial Instruments for Small and Medium Enterprise Sustainable Growth

2018 ◽  
pp. 276-293 ◽  
Author(s):  
Carlos Salcedo-Perez ◽  
Andres Carvajal Contreras
Keyword(s):  
Interest Rates ◽  
Latin American ◽  
Small And Medium Enterprises ◽  
Sustainable Growth ◽  
Raw Material ◽  
Financial Instruments ◽  
Difficult Situation ◽  
Access To Credit ◽  
Medium Enterprise ◽  
Medium Enterprises

Financing is a key issue for companies to grow. In Latin America, small and medium enterprises face difficult challenges when trying to get the necessary resources they need to grow or just stay in the market. From excessive paperwork to high interest rates, difficult access to credit is a challenge that has prevented companies from growing, reaching new markets, or just surviving in the markets during the first stages of operation. This, consequently, has an impact on the economic development of the region. The current macroeconomic situation, characterized by the end of a raw material boom, brings an additional issue to a normally difficult situation. This chapter therefore analyzes the current situation of five Latin American emerging economies and then presents a set of financial instruments that could help SMEs to get resources easily.

Agro-processing Industries in the South AfricaN Economy

2021 ◽  
pp. 216-239
Author(s):  
Horman Chitonge
Keyword(s):  
South African ◽  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Value Added ◽  
Value Chains ◽  
Inclusive Growth ◽  
The South ◽  
Employment Creation ◽  
Business Opportunities ◽  
Medium Enterprises

This chapter provides an overview of the agro-processing sector in the South African economy, focusing on the sector’s potential to contribute to inclusive growth through high value-added activities. The chapter shows that agro-processing industries have been the largest subsector of the manufacturing sector in the country since the 1970s, accounting for the largest share of both manufacturing output and employment. Apart from being the largest segment of the manufacturing sector, agro-processing industries have the potential to contribute to the broader national objective of transforming the structure of the economy through the creation of jobs and business opportunities for new small and medium enterprises on both sides of the agro-processing value chains. Employment creation potential lies in the fact that most agro-processing industries are labour intensive. Agro-processing industries, on average, use 40 per cent more labour per unit of capital relative to the manufacturing sector as a whole. However, the challenge is that several of the most labour-intensive agro-processing industries are experiencing declining or stagnating value-added, investment, and, most importantly, employment levels. Consistent and coordinated implementation of strategies which revive dynamism in labour-intensive industries is required to overcome this challenge.

scholarly journals Analysis of remuneration systems in small and medium enterprises

2010 ◽  
Vol 58 (6) ◽  
pp. 473-482 ◽  
Author(s):  
Marie Staňková
Keyword(s):  
Small And Medium Enterprises ◽  
The South ◽  
Value Based Management ◽  
Factors Influencing ◽  
Managerial Task ◽  
Medium Enterprises

Submitted article is focused on the problem of employees’ remuneration. It investigates the importance of remuneration systems at management of companies. The article deals with factors influencing employees, their motivation for reaching company´s goals, and with company remuneration systems as well. The observed topic was, is and will be still actual because increasing of employees´ performance in connection with concurrent effort for quality employees maintenance is very demanding managerial task in every stage of company´s development. Last, but not the least, it is necessary to rea­lize that remuneration systems should lead not only to increase in company´s performance, but they should support especially the reaching of company´s goals. In present, increasing the value of company is possible to be considered as the highest company´s goal. Increase of company´s value can be ensured also by the means of value based remuneration as an important and effective tool of value based management. Because it is a tool which is relatively new and not experienced in the Czech environment, the focus is directed on it as well in the article. Then, the aim of the article is to provide complex view on the problem of importance of remuneration systems in small and middle sized companies in the South Moravian Region.

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