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Cooperative financial institutions (CFIs) as a source of development finance - a case study on Sub-Saharan Africa

The lack of access to finance is cited as one of the major barriers preventing developing countries from attaining economic development. While traditional sources of financing such as Official Development Assistance (ODA), Foreign Direct Investment (FDI) and Remittances have done much to alleviate t...

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Main Author: Nzila, Michelo M
Other Authors: Abor, Joshua
Format: Thesis
Language:English
Published: Research of GSB 2018
Subjects:
Development Finance
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access_status_str Open Access
author Nzila, Michelo M
author2 Abor, Joshua
author_browse Abor, Joshua
Nzila, Michelo M
author_facet Abor, Joshua
Nzila, Michelo M
author_sort Nzila, Michelo M
collection Thesis
description The lack of access to finance is cited as one of the major barriers preventing developing countries from attaining economic development. While traditional sources of financing such as Official Development Assistance (ODA), Foreign Direct Investment (FDI) and Remittances have done much to alleviate the problem, they have left what is termed the missing middle; a financing gap created by failure to provide financing particularly for Micro, Small and Medium Enterprises (MSMEs) and for the poor in the subject countries. The major impediments have included lack of collateral, inadequate training and business knowledge and risk aversion on the part of traditional financial institutions such as banks. Further, domestic resource mobilization endeavours have concentrated on tax reforms to improve governments' revenue collection and administration, leaving personal savings aggregation unattended. This financing gap is despite knowledge that MSMEs possess the most potential for employment creation, thus poverty alleviation for the masses. Cooperative Financial Institutions have been in existence for a long time and have the potential to provide innovative solutions in addressing the problem at hand. They have however, received little attention and recognition and the historical association with agriculture and the older generation has limited their outreach and impact. This study is thus intended to explore whether CFIs can bridge the financing gap for MSMEs in Sub-Saharan Africa.
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institution University of Cape Town (South Africa)
language eng
last_indexed 2026-06-10T12:43:50.188Z
license_str Not specified — see source repository
provenance_str_mv Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository
publishDate 2018
publishDateRange 2018
publishDateSort 2018
publisher Research of GSB
publisherStr Research of GSB
record_format dspace
source_str UCTD — University of Cape Town Open Access Repository
spelling oai:open.uct.ac.za:11427/29056 Cooperative financial institutions (CFIs) as a source of development finance - a case study on Sub-Saharan Africa Nzila, Michelo M Abor, Joshua Development Finance The lack of access to finance is cited as one of the major barriers preventing developing countries from attaining economic development. While traditional sources of financing such as Official Development Assistance (ODA), Foreign Direct Investment (FDI) and Remittances have done much to alleviate the problem, they have left what is termed the missing middle; a financing gap created by failure to provide financing particularly for Micro, Small and Medium Enterprises (MSMEs) and for the poor in the subject countries. The major impediments have included lack of collateral, inadequate training and business knowledge and risk aversion on the part of traditional financial institutions such as banks. Further, domestic resource mobilization endeavours have concentrated on tax reforms to improve governments' revenue collection and administration, leaving personal savings aggregation unattended. This financing gap is despite knowledge that MSMEs possess the most potential for employment creation, thus poverty alleviation for the masses. Cooperative Financial Institutions have been in existence for a long time and have the potential to provide innovative solutions in addressing the problem at hand. They have however, received little attention and recognition and the historical association with agriculture and the older generation has limited their outreach and impact. This study is thus intended to explore whether CFIs can bridge the financing gap for MSMEs in Sub-Saharan Africa. 2018-11-07T13:44:34Z 2018-11-07T13:44:34Z 2014 Master Thesis Masters MCom http://hdl.handle.net/11427/29056 eng application/pdf Research of GSB Faculty of Commerce University of Cape Town
spellingShingle Development Finance
Nzila, Michelo M
Cooperative financial institutions (CFIs) as a source of development finance - a case study on Sub-Saharan Africa
thesis_degree_str Master's
title Cooperative financial institutions (CFIs) as a source of development finance - a case study on Sub-Saharan Africa
title_full Cooperative financial institutions (CFIs) as a source of development finance - a case study on Sub-Saharan Africa
title_fullStr Cooperative financial institutions (CFIs) as a source of development finance - a case study on Sub-Saharan Africa
title_full_unstemmed Cooperative financial institutions (CFIs) as a source of development finance - a case study on Sub-Saharan Africa
title_short Cooperative financial institutions (CFIs) as a source of development finance - a case study on Sub-Saharan Africa
title_sort cooperative financial institutions cfis as a source of development finance a case study on sub saharan africa
topic Development Finance
url http://hdl.handle.net/11427/29056
work_keys_str_mv AT nzilamichelom cooperativefinancialinstitutionscfisasasourceofdevelopmentfinanceacasestudyonsubsaharanafrica

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