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Banking on belief: Why SMEs need more than bank credit to thrive
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Monterrey, NL. In Mexico, about 52% of small and medium-sized enterprises (SMEs) fail to exceed the two years of operation, according to data from the National Institute of Statistics and Geography (INEGI). In contrast, 48% manage to stay for five years, on average, provided they have good administration, sufficient capital, digitization processes and market adaptability.With the aim of increasing the life expectancy of micro, small and medium-s…
Banking on belief: Why SMEs need more than bank credit to thrive
By Laura Bahemuka In Uganda’s economic landscape, Micro, Small, and Medium Enterprises (MSMEs) are the engine that drives productivity, jobs, and innovation. But ask any Ugandan SME entrepreneur, and they’ll... The post Banking on belief: Why SMEs need more than bank credit to thrive appeared first on CEO East Africa.
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