Finance for Small and Mediumsized Enterprises in the Caribbean

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Small and mediumsized enterprises (SMEs) are seen as the engine of economic growth and employment creation in the Caribbean, as in other parts of the world. This study explores the difficulties such enterprises have in accessing longterm financing and how these could be overcome. The book reports the results of a survey of SMEs from ten Caribbean countries, and a parallel study of lending institutions that might be expected to offer finance to SMEs. The author offers a commentary on the differing perspectives of SMEs and lenders to the problem of finding affordable longterm financing, and suggests policy options for improving access to finance for this sector.



Requests for Debt Finance

When examined by number of employees, the results show that of 124 businesses that responded, 78 (62.9%) had requested some form of finance. Table 2.1 shows that the larger businesses were proportionately more likely to request finance than the smaller businesses. When analysed by years in business (see Table 2.2), the results show that 76 businesses reported having requested finance, with businesses more than six years old being more likely to have done so.


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