Financing Small and Medium-Scale Enterprises (SMEs)

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dc.contributor.authorKasekende, Louis
dc.date.accessioned2022-02-18T10:00:40Z
dc.date.available2022-02-18T10:00:40Z
dc.date.issued2003
dc.description.abstractThis paper investigates the economic rationale for intervention in support of Small and Medium Scale Enterprises (SMEs) on both theoretical and empirical grounds. It argues that the inherent weaknesses of SMEs in Uganda deny them access to financial services. It further argues that the justification for their support lies in market and institutional failures rather than any inherent economic benefits. Specifically, the reasons given for supporting SMEs are basically to increase their access to financial markets and other services; and to reduce policy induced bias against them. The Uganda government and other institutions have made significant strides to accelerate the development of markets for financial and non-financial services suited to SMEs by promoting innovation in products and delivery mechanism and by building institutional capacity. However, even with this support, the SMEs have to so more, themselves, to overcome some of the challenges they face.en_US
dc.identifier.citationSmall, F., Enterprises, M. S., Kasekende, L., & Opondo, H. (2003). B ankof U ganda.en_US
dc.identifier.other10.1.1.482.5101
dc.identifier.urihttps://nru.uncst.go.ug/xmlui/handle/123456789/2198
dc.language.isoenen_US
dc.publisherBank of Uganda research departmenten_US
dc.subjectFinancial servicesen_US
dc.subjectMarket failuresen_US
dc.subjectInstitutional supporten_US
dc.subjectMacroeconomic stabilityen_US
dc.titleFinancing Small and Medium-Scale Enterprises (SMEs)en_US
dc.title.alternative: Uganda’s Experienceen_US
dc.typeArticleen_US
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