The aim of this study was to ascertain what can be done by the informal finance sector to close the credit gap in order … as a last resort by SMEs that fail to access credit from the formal finance sector, owing to, among other issues … absence of credit bureaus in developing countries also contribute to the failure to access finance from formal institutions …

shorter maturity credit lines than large firms; (ii) have less active maturity management and therefore frequently have … expiring credit; (iii) post more collateral on both credit lines and term loans; (iv) have higher utilization rates in normal … recession. Consistent with the theory, the increase in bank credit in 2020:Q1 and 2020:Q2 came almost entirely from drawdowns by …