01/09/2022
"MSMEs in Somalia face many challenges. But, one of the most challenges is gaining access to finance. Even if you get it, the repayment requirement does not favor you because banks require you to begin repayment immediately after processing the loan, which is extremely difficult for MSMEs. Another issue is that few skilled people are available in the market, which forces newly opened businesses to bring foreigners from abroad, which also costs a lot of money for bringing and resettling them in the city". Sayid Ali kuukaay, our guest speaker.
