Access to credit for non‐formal micro‐enterprises in Botswana

Loan delinquency among small business owners in Ghana: the importance of gender to the lending process

“…Consequently, business-training sessions that teach business skills and technical knowledge may be more appropriate for some females, particularly married women (Morewagae et al, 1995;Kane et al, 1991). Also, banks should encourage female business owners to utilise networking organisations such as the Women's World Banking Association and the Ghanaian Association of Women Entrepreneurs (see Brush, 1997).…”

Streamlining Government Financing Programs for SMEs in the Sub-Saharan Africa: The Case of Botswana

“…In a similar way, studies conducted in other African nations like Ghana, Kenya, Nigeria, Ethiopia, and South Africa have shown that the major cause of small enterprises' failure is their inability to obtain adequate financing (Schoombe, 2000;Bigsten et al, 2000;Aryeetey, 1993;Oyejide, 1993;Marana, 1993;Demesne, 1993). In their study, Morewagae et al (1995) found that the ability of SMEs to obtain funds is constrained by the lack of information, complicated application procedures, high collateral or security requirements, high interest rates, and harsh repayment terms.…”

“…Successful application in turn demands the design of specific, viable and target-oriented financing schemes. Unlike other governments in SSA, the GoB has a strong financial capacity due to substantial revenue from diamond and other precious mineral exports (Morewagae et al, 1995;Analytics, 2003). This means the GoB has the ability to help SMEs at least to ease their financing problems in a viable way.…”

Entrepreneurial Response to ?Bottom-up? Development Strategies in Zimbabwe

“…Advocates of the "credit plus" approach argue that training programs serve the interest of borrowers-making them more credit worthy through skills development-and microfinance organizations, in that borrowers are more likely to repay loans to organizations they trust and to which they feel a certain degree of loyalty (Morewagae, Seemule and Rempel 1995). Training programs may also provide the microfinance organization greater access to the informal sector and create opportunities for microfinance workers to build up specialized knowledge about market conditions, the credit worthiness of entrepreneurs, and the viability of their projects (Konig and Koch 1990).…”

“…While many scholars recommend the use of solidarity loans (Otero 1989, Konig and Koch 1990, Morewagae, Seemule and Rempel 1995, few such recommendations make reference to the cultural and historical differences among and within countries that might impact the effectiveness of such strategies, or give guidance as to what the appropriate rules of the lending contract might be (Chamlee-Wright 1997:87-98).…”