Examining Challenges Faced By Smes In Accessing Loan From Financial Institution The Case Of Iringa Municipality

Edu Frontiers Sibonike Shukuru Godwin 75 PAGES (14576 WORDS) Dissertation
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ABSTRACT

The study sought to examine challenges faced by SMEs in accessing financial loans required to sustain and expand their operations, from financial institutions. A sample of ninety (90) SMEs was randomly selected from across a wide spectrum of industries was selected. Questionnaires containing both open-ended and close-ended questions, as well as interviews with the entities‟ managers, were used to collect data. It was found that very few SMEs succeeded in accessing funding from financial institutions, the main reason being failure to meet loan requirements, chief among them being provision of security. Recommendations made include education of SMEs on proper management of their entities as well as the need routine update of account records and reports. Government should also play a more active role in ensuring easy access to financial assistance by SMEs, with reduced red tape. 

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APA

Edu, F (2021). Examining Challenges Faced By Smes In Accessing Loan From Financial Institution The Case Of Iringa Municipality. Afribary.com: Retrieved May 10, 2021, from https://afribary.com/works/examining-challenges-faced-by-smes-in-accessing-loan-from-financial-institution-the-case-of-iringa-municipality

MLA 8th

Frontiers, Edu. "Examining Challenges Faced By Smes In Accessing Loan From Financial Institution The Case Of Iringa Municipality" Afribary.com. Afribary.com, 01 May. 2021, https://afribary.com/works/examining-challenges-faced-by-smes-in-accessing-loan-from-financial-institution-the-case-of-iringa-municipality . Accessed 10 May. 2021.

MLA7

Frontiers, Edu. "Examining Challenges Faced By Smes In Accessing Loan From Financial Institution The Case Of Iringa Municipality". Afribary.com, Afribary.com, 01 May. 2021. Web. 10 May. 2021. < https://afribary.com/works/examining-challenges-faced-by-smes-in-accessing-loan-from-financial-institution-the-case-of-iringa-municipality >.

Chicago

Frontiers, Edu. "Examining Challenges Faced By Smes In Accessing Loan From Financial Institution The Case Of Iringa Municipality" Afribary.com (2021). Accessed May 10, 2021. https://afribary.com/works/examining-challenges-faced-by-smes-in-accessing-loan-from-financial-institution-the-case-of-iringa-municipality