Abstract: The economic output and job opportunities in emerging countries are greatly aided by the contributions of small companies. Thirty percent of jobs in low-income countries are generated by the informal economy, with 18 percent of those jobs being created by small and medium-sized businesses, according to recent World Bank data (SMEs). These two sectors contribute equally to 63% of GDP. Money is the lifeblood of any business, no matter how big or little. In contrast to the potentially lucrative returns offered by giant corporations, investors may be more wary of providing capital to small enterprises due to the higher risk associated with doing so.
Keywords: Micro Finance, Socio-Economic Development, Small businesses.
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