Sommer, Christoph - German Institute of Development and Sustainability - 2024
SMEs are key to development, as they provide livelihoods and jobs for the majority of people in LMICs. Yet, their … development is often hampered by constrained access to finance. SMEs mostly depend on bank loans for external finance. However …, these have been insufficient to overcome SMEs' financing constraints, especially in LMICs, such that it seems pertinent to …