DAWN SME Development Strategy

Financing structure of SMEs Source of start-up capital (%) 80 68.3% 70 60 50 40 30 21.6% 20 14.4% 8.6% 6.6% 10 3.3% 0 Personal savings Loan Family source Cooperative Grants Others Source: NBS, SMEDAN, DAWN Research DAWN Development Agenda for Western Nigeria DAWN Commission 85% of these businesses had initial start-up funds of less than #100,000 Onde

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