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Small and Medium Enterprises (SMEs) play an important role in promoting inclusive economic growth and reducing inequalities in developing countries
SME Credit Rating Insights
by Saveshen Pillay
What is it about?
Small and Medium Enterprises (SMEs) play an important role in promoting inclusive economic growth and reducing inequalities in developing countries. The World Bank estimates that formal SMEs represent 90% of businesses, account for up to 60% of employment and 40% of GDP in developing economies. The contribution of SMEs to the economy increases significantly if we consider the estimated contributions of microenterprises and SMEs operating in the informal sector. In addition, SMEs account for 90% of all new jobs created. The SME credit rating industry that complements the SME industry is then critically important as it provides independent credit opinions on these organisations thereby enabling access to credit.
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App Store Description
Small and Medium Enterprises (SMEs) play an important role in promoting inclusive economic growth and reducing inequalities in developing countries. The World Bank estimates that formal SMEs represent 90% of businesses, account for up to 60% of employment and 40% of GDP in developing economies. The contribution of SMEs to the economy increases significantly if we consider the estimated contributions of microenterprises and SMEs operating in the informal sector. In addition, SMEs account for 90% of all new jobs created. The SME credit rating industry that complements the SME industry is then critically important as it provides independent credit opinions on these organisations thereby enabling access to credit.
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AppAdvice does not own this application and only provides images and links contained in the iTunes Search API, to help our users find the best apps to download. If you are the developer of this app and would like your information removed, please send a request to takedown@appadvice.com and your information will be removed.
