80% Of Aba’s Micro -Enterprises Lack Access To Formal credit: Collaborative Lending Models And Movable Asset Finance Could Unlock Growth For Abia’s “Japan Of Africa” MSMEs – By Dr. Chukwuemeka Ifegwu Eke
80% of Aba's micro-enterprises lack access to formal credit: Collaborative lending models and movable asset financing could unlock growth for Abia's "Japan of Africa" MSMEs In the bustling streets of Aba, Abia State, lies a tale of untapped potential and unrelenting resilience. The city, fondly referred to as the "Japan of Africa," is home to a plethora of micro-enterprises that form the backbone of the local economy. However, behind the vibrant markets and industrious entrepreneurs lies a harsh reality: 80% of these micro-enterprises are denied access to formal credit, stifling their growth and condemning them to a cycle of poverty.…
