Finance

The opportunity to access small amounts of finance can be an important catalyst for SMEs to get access to the resources they need to gain a foothold in the market. However, SMEs usually face serious challenges in securing financing, particular at the beginning of forming their businesses. Frequently, SMEs’ financial needs are too large for traditional moneylenders and microcredit agencies, while banks tend to bypass this market due to administrative intensity, the lack of information, and the uncertainty of credit risk. Therefore, the availability of specialized and formal institutional resources for SME development is the foundation for creating a level playing field and facilitating their access to finance.