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2 clusters · 4 sources · 11 days · First seen · Last updated

MSME financing challenges in India and Nigeria

Overview

Micro, Small and Medium Enterprises (MSMEs) face significant hurdles in accessing capital across different markets. In India, lenders such as State Bank of India, HDFC Bank, and ICICI Bank present varying interest rates and collateral requirements for businesses.

In Nigeria, a notable capital access gap exists for women-led MSMEs, particularly within the manufacturing and agribusiness sectors. Industry experts have noted that these businesses often struggle to scale due to deficiencies in financial documentation and investment readiness. Improving financial legibility and governance is cited as a necessary step for these enterprises to gain the credibility required to secure funding.

Entities

State Bank of India · HDFC Bank · Alitheia Capital · Ifeyinwa Ighodalo · WIMBIZ

Timeline

  1. 2 days ago

    [BUSINESS] 2 sources
    MSME financing challenges persist in India and Nigeria

    MSMEs face varying financial hurdles, from navigating diverse loan structures in India to overcoming capital access gaps for women-led businesses in Nigeria.

  2. 13 days ago

    [BUSINESS] 3 sources
    Global business financing trends: MCA in the US and commercial paper in Nigeria

    Businesses are utilizing diverse short-term funding tools, including Merchant Cash Advances in the US and a growing commercial paper market in Nigeria to manage working capital needs.

Sources

businessday.ng · businessoutreach.in · canyon-news.com · roadsonline.com.au