foster SME lending and attention has focused on improving the institutional environment, such that the financial system is … more willing to lend to SMEs. In this paper, we directly ask banks (the main providers of SME external finance) what … and retail sectors. They perceive the SME market as highly profitable, large, and with good prospects. Moreover, banks are …

Survey, SMEs are less likely to have a formal bank loan or other lines of credit compared to large firms. The International … Finance Corporation (IFC) estimates that in aggregate across developing regions, the credit gap to formal SMEs ranged from … $900 to $1,100 billion in 2011.1 These values represented between 26 and 32 percent of total credit to formal SMEs. This …

foster SME lending and attention has focused on improving the institutional environment, such that the financial system is … more willing to lend to SMEs. In this paper, we directly ask banks (the main providers of SME external finance) what … and retail sectors. They perceive the SME market as highly profitable, large, and with good prospects. Moreover, banks are …

aggregate capital raising activity. The analysis of four distinct markets generates patterns consistent with credit supply …