Down through the decades, seemingly bright ideas have inspired the establishment of NERFUND, Bank of Agriculture, Bank of Industry, SMEDAN, People’s Bank, DFRRI, community, microfinance and mortgage banks. None of these has worked because most of the genuine MSMEs are run by people who cannot walk into a bank to request credit. The few that can get no chance of succeeding until they bring their grandfathers and great-grandmothers back from the dead to sign certain documents.
Posted on: Mon, 25 Aug 2014 10:29:03 +0000