 Obstacles to bank financing of micro and small enterprises: empirical evidence from the Pacific with some policy implicationsParmendra Sharma () and Neelesh Gounder Asia-Pacific Development Journal, 2012, vol. 19, issue 2, 49-75 Abstract: In recognizing on one hand the importance of the micro and small enterprise (MSE) sector for the growth and development of economies in the Pacific subregion and on the other, the financing constraints of the sector, the authors surveyed a group of MSEs in a Pacific island country and found that the sector may be particularly constrained by bank interest rates, fees and charges, and collateral requirements. This situation holds implications for policy, and the authors propose an initiative led by the banking sector to improve the situation. Keeping in mind an economy’s specific financial, regulatory, economic and other structures and circumstances, voluntary or mandatory, it seems as if direct or indirect bank involvement appears vital. The implications for economic growth and development are considerable. Keywords: Fiji; Pacific; financing obstacles; micro and small enterprises (MSEs); bank loans (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:unt:jnapdj:v:19:y:2012:i:2:p:49-75 Access Statistics for this article More articles in Asia-Pacific Development Journal from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Contact information at EDIRC. |
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