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Title
Factoring as tool of financial inclusion in Kenya |
Full text
http://hdl.handle.net/11394/7916 |
Date
2021 |
Author(s)
Mosongo, Fiona |
Contributor(s)
Wandrag, R. |
Abstract
Magister Legum - LLM - A popular difficulty that all SMEs have had to face is limited access to finance. The fact that banks are not prepared to finance small businesses, has exacerbated the existing 'financing gap' in the small and medium-sized business which is already present in the SME industry. In an analysis of small and medium business are faced with a myriad of difficulties often as a result of restrictions in current collateral systems that do not offer a viable degree of risk mitigation due to ineffectual legislation, insufficient enforcement procedures, or an existing legal structure.1 All of these have therefore made factoring a great choice as far as SMEs go in all African countries that want to have access to financial services. Factoring is the service that, in order to provide the underlying credit sales of goods or services (known as a factor), is provided by a third-party. |
Subject(s)
Kenya; Trade facilitation; Economic development; Trade finance:; Financial regulation |
Language
en |
Publisher
University of the Western Cape |
Rights
University of the Western Cape |
Repository
Cape Town - Theses and Dissertations, University of Western Cape
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Added to C-A: 2021-03-03;09:39:47 |
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