ABSTRACT
Access to financial services by micro enterprises has long been regarded by the government as an important developmental tool. Poor access to financial services can hamper proper development of small and micro enterprises. Financial services encompass access to banks, which includes access to savings products, loans and operational bank accounts as well as access to insurance products. The study focused not only on the financing part but also on other products, such as savings products and insurance products enjoyed by micro traders. The research followed a quantitative and qualitative approach. Questionnaires were administered and interviews were conducted with the respondents. Interviews were also conducted with financial institutions to obtain a supply side view. 139 questionnaires were prepared and 108 were received back, this represented 15% male and 85% female respondents. The results suggest that 92% of the respondents have access to banks and Nampost Bank, and are therefore formally included, whereas only 8% of the respondents are excluded, meaning that they do not have bank accounts at all. However the study showed that the traders in open markets do not have access to insurance products. Only 1% of respondents had access to insurance services. Interviews with financial institutions also revealed that there are products specifically tailored for micro traders such as micro loans and SME cheque accounts. From the study it is observed that none of the respondents have access to informal or semiformal financial products.
GAMSES, C (2021). An Investigation Of Access To Financial Services By Micro Enterprises In Open Markets In Windhoek. Afribary. Retrieved from https://tracking.afribary.com/works/an-investigation-of-access-to-financial-services-by-micro-enterprises-in-open-markets-in-windhoek
GAMSES, CLARETA "An Investigation Of Access To Financial Services By Micro Enterprises In Open Markets In Windhoek" Afribary. Afribary, 20 Apr. 2021, https://tracking.afribary.com/works/an-investigation-of-access-to-financial-services-by-micro-enterprises-in-open-markets-in-windhoek. Accessed 17 Nov. 2024.
GAMSES, CLARETA . "An Investigation Of Access To Financial Services By Micro Enterprises In Open Markets In Windhoek". Afribary, Afribary, 20 Apr. 2021. Web. 17 Nov. 2024. < https://tracking.afribary.com/works/an-investigation-of-access-to-financial-services-by-micro-enterprises-in-open-markets-in-windhoek >.
GAMSES, CLARETA . "An Investigation Of Access To Financial Services By Micro Enterprises In Open Markets In Windhoek" Afribary (2021). Accessed November 17, 2024. https://tracking.afribary.com/works/an-investigation-of-access-to-financial-services-by-micro-enterprises-in-open-markets-in-windhoek