Malawi aspires to achieve sustainable growth and economic development and become a middle-income country with a per capita income of US$1,000 by the year 2020. While Medium, Small and Micro Enterprises (MSME) play a critical role in economic growth and development in most economies, they often face a number of challenges in their quest for growth.

MicroSave conducted a study to understand the needs of MSME clients to give insights towards redefining the credit products and services to better serve this market niche. The findings indicated that most clients find it difficult to access ideal loan sizes to invest in their businesses due to inability to meet the collateral requirements, lack of proper business records, low cash flows and short loan repayment periods among others.

We bring forth more details on the findings and recommendations in this briefing note.

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