Challenges encountered by SMMEs in accessing bank credit: a case of Vhembe District Municipality
Khamusi Ramudingane,
Livhuwani Gladys Nkondo
Abstract:Policymakers and scholars universally accept and recognize the influence of small, macro, and medium enterprises (SMMEs) on stimulating economic growth and job creation. To succeed and prosper, SMMEs need to establish a sound financial management function; therefore, it is vital to investigate the financial challenges these firms are experiencing. The objective of this paper was, to investigate possible challenges that SMMEs experience when applying for credit from banks. The study sought to answer the main re… Show more
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