n AfricaGrowth Agenda - Small businesses start-up finance in African developing economies : supply side challenges

Volume 15 Number 3
  • ISSN : 1811-5187


More often development of Small, Medium and Micro Enterprises (SMMEs) is considered one key strategy for alleviating poverty through employment creation, rapid inclusive economic growth, and reduction in inequality. However, literature and evidence show that most SMMEs are struggling to survive and grow due to lack of access to finance (financial exclusion). Using a unique case study of the Youth Development Fund in a developing country (Zimbabwe), the study investigated disparities in disbursements of finance, which can perpetuate socio-economic differences within an economy. Geographic differences were observed on maximum loan limits as well as loan amounts granted. Youths in Matabeleland North province (one of the poorest and with least literacy levels) are the most deprived. The results have serious implications on SMME funding policy, management of development finance and future research.

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