At program appraisal, limited access to medium-term credit constrained the growth of small and medium enterprises (SMEs) in Kazakhstan. To help address the challenge, the Asian Development Bank (ADB) approved a $500 million multitranche financing facility (MFF) for the Small and Medium Enterprise Investment Program, in September 2010.
Limited access to medium-term credit has long been a key constraint in the development of Kazakhstan’s small and medium enterprises (SMEs), restraining their ability to exploit investment opportunities, increase employment, and contribute to sustainable growth. To help address this constraint, the Asian Development Bank (ADB), approved in September 2010 a multitranche financing facility (MFF)
Besides public sector jobs, the micro, small, and medium enterprise (MSME) sector is deemed crucial in ensuring women’s economic participation in Armenia. Notwithstanding this, women MSMEs comprised only 32% of the registered MSMEs in 2012. This low ratio was attributable to women’s lack of business skills, knowledge, confidence, and access to networks and credit.
At project preparation in 2012, women and rural small businesses in Uzbekistan had limited access to credit, restricting their growth and capacity to become more efficient and profitable, and thus contribute more fully to overall economic growth and development. While this was largely due to small businesses’ inability to meet high collateral requirements, weak institutional capacity especiall
Even before the 2007 global financial crisis, micro, small, and medium enterprises (MSMEs) in India had already been burdened by numerous systemic constraints, including limited institutional credit, high-cost borrowing, weak marketing facilities, poor infrastructure, technological obsolescence, and a perception that they are high-risk enterprises.