African SMEs’ Performance and Behaviors during COVID-19

startups limiting their growth potential by what they can put forward from their own owners’ savings.

Table 2.4: Reasons for fnancing SMEs from own savings, family and friends

B- Banks and fnancial Institutions

In this section, we try to unveil from those who considered the banks for obtaining fnancing (77 respondents), what hinders obtaining fnancing from a bank, and obviously it is neither the need to know someone inside the bank nor that some people in the banks are corrupt as shown from responses collected from the respondents.


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