MSMEs Analysis Report
FINANCIAL & SUPPORT SERVICES
There's a widespread lack of capital and poor integration into the
financial markets, which may be due to low business planning
incidence and low formalization. Most enterprises are operating
without legal & financial protection.
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Business Plan:
Micro: 75.6% have no business plan
SME: 65% have no business plan.
Lack of planning in MSME contribute to high rate of failure
as well as a reluctance from investors in providing capital.
Business Registration:
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Micro: 97.8% not registered
Unregistered businesses are hard to track for
development and policy planning, regulation, and
revenue generation purposes.
Business Registration:
•
Micro: 96.61% uninsured
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SMES: 63.9% uninsured
MSMEs are particularly vulnerable to business shocks, lack of integration into financial markets increase risks.
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NATIONAL BUREAU OF STATISTICSView entire presentation