Thursday 1 July 2010

Sub-Saharan Africans Bank on Family for Business Loans

Washington, DC, June, 11 2010 - Sub-Saharan Africans would most likely turn to their families if they needed money to start a business, according to Gallup surveys of 18 countries in the region.

Forty-two percent of respondents spontaneously named "family" as their primary source for funds, while banks (16%) and friends (15%) were a distant second. Despite the emphasis on microfinance in recent years in sub-Saharan Africa, 4% mentioned these institutions. Read more

No comments: