In traditional African culture, credit is often associated with a lack of money, inherently seen as a bad thing. However, if you study more advanced economies, you'll realize that credit has played a huge role in bridging inequality and alleviating poverty.
Looks like we have a chicken (lack of MSMEs access to credits) and egg (poor Fin Infra to give MSMEs access to credits) problem in our hands. I am keen to read the follow up article on this to see what the most practical solutions look like.
Looks like we have a chicken (lack of MSMEs access to credits) and egg (poor Fin Infra to give MSMEs access to credits) problem in our hands. I am keen to read the follow up article on this to see what the most practical solutions look like.