Investor Presentaiton
SOURCE OF CAPITAL
For the majority of enterprises - both Micro and SMEs - personal savings was the most common source of
capital. Nationally, only 49.5% of SMEs (that are sole proprietorships) reported having access to bank credit,
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
PERSONAL SAVINGS
55.6
61.2
17.5
LOAN
5.3
23.6
11.7
8.3
5.4
2.7 0.7
FAMILY SOURCE
COOPERATIVE/ESUSU
■Small and Medium ■Micro
GRANTS
•
•
Key Observations:
Personal Savings is most common source of
capital - 61.2% of MEs and 55.6% of SMEs
Loans (17.5%) and Family (11.7%) round out
sources of capital for SMEs
Family (23.6%) and Cooperative/Esusu
7.0 0.9
OTHERS
•
round out sources of capital for Micro
Enterprises.
For SMEs who had access to bank credit,
commercial banks were the main source of
these funds (91.9%), while 4.7% accessed
credit from Micro-Finance Institutions, and
1% from Development Institutions.
SMEs in Oyo, Jigawa, Lagos, Kano, and FCT
reported having the most access to bank
credit.
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