Access to Credit for the Small and Medium-Sized Enterprises in Senegal

Abdoulaye Seck Mouhamed

Working Papers from African Economic Research Consortium

Abstract: While they represent more than 80% of Senegal's industrial fabric, and against a backdrop of excess bank liquidity, only less than 18% of small- and medium-sized enterprises (SMEs) in the country have access to credit. This study sets out to identify the causes of their difficulty in accessing credit. The study is based on data from the World Bank's Enterprise Survey for Senegal, and it uses a methodological approach based on logistic regression to identify the determinants of access to credit for SMEs. It found that having annual financial statements audited, being an innovating SME, being an exporting SME, having a high sales turnover, having fixed assets, and having a manager with long experience were the most important factors. The study also found that enterprises in the formal sector and those owned by women were more likely to have access to credit

Date: 2021-10-27
Note: African Economic Research Consortium
References: Add references at CitEc
Citations:

Downloads: (external link)
https://publication.aercafricalibrary.org/handle/123456789/3061 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aer:wpaper:1f8f73de-1851-4649-b088-63c19df1482a

Access Statistics for this paper

More papers in Working Papers from African Economic Research Consortium Contact information at EDIRC.
Bibliographic data for series maintained by Daniel Njiru ().