Tag: AccessToFinance
SME funding gap – are lenders asking the wrong questions?
Small and Media Enterprises (SMEs) are regularly rejected for funding, even when their businesses are profitable, because the system was not designed with their business reality in mind. SMEs contribute around 40% of the country's gross domestic product (GDP) and 60% of employment. Yet they face the SME funding gap, which is estimated at R350 billion. There is no shortage of funding in the system.
