Figure 2.5: “In general, I fnd that fnancial institutions are not interested in dealing with SMEs”
Some 44,2% agree that fnancial institutions don’t appear to be interested in dealing with SMEs. This is a serious faw in the fnancial sector since it is at the root cause of not ofering fnancial products that are attractive for SMEs. This by itself is a critical indicator that a radical reform in the priorities of the fnancial institutions should be pursued. It is regrettable that African fnancial institutions do not still endorse the importance of SMEs in the expansion of African economies.
The following chart answers the question: “In general, I fnd that fnancial institutions are not interested in dealing with companies in my sector of activity”.
Figure 2.6: “In general, I fnd that fnancial institutions are not interested in dealing with companies in my sector of activity”
Some 105 respondents (35,7%) fnd that their sector of activity is unattractive for fnancial institutions to work with. It is worth noting that regardless of the sector of activity SMEs are worldwide considered a strong lever of the economy in question. Therefore, it is important to redirect the attention of fnancial institutions that all sectors of SMEs are as equally important to the economy and should be regarded as such.
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