SMEs are central to local private sector development, a major driver of economic growth and are key builders of social infrastructure. These businesses generate up to 90% of jobs in the country. The jobs generated are suitable for semi-skilled and unskilled workers. Importantly, employment is a major driver of reduced conflict and social empowerment.
However, SMEs face numerous challenges in accessing the capital and support they require to start or grow successful and sustainable businesses. They are grossly under-serviced with few capable and experienced service providers and, as a result, are not making the economic and social contribution to their local communities and countries that SMEs make in developed markets.
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