Member Diamond Bank’s Strategic Partnership and Emerging Business Analyst, David Ita shares a number of issues SMEs face and simple steps on how to solve them.
SMEs are plagued with, lack of access to information, high collateral rates and turn-over of loans. Taking advantage of grants, interventions, venture capitalist and angel investors are a few ways SMEs can maneuver around these common setbacks.
In the interview with CNBC Africa, Ita shares introductory ways SMEs can qualify for funding; ensuring your business is registered and having a financial record available.
With advancements digitally, new payment forms and leveraged technology for capacity building, Ita expects further improvement for access to funding for SMEs in the future.
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