Table 11 Perceived access to finance items (adapted from Nengomasha 2018)
Item | Statement |
|---|---|
PAF1 | Lack of credit history will make it difficult to borrow money from banks & financial institutions |
PAF_2 | Banks will be reluctant to finance our business because of the high risk involved |
PAF_3 | Banks and financial institutions will charge high interest rates |
PAF_4 | The size of our business will affect its ability to access funding |
PAF_5 | The credit application process is too complex |
PAF_6 | The credit application process requires too much paperwork |
PAF_7 | The waiting period to get external finance is too long |
PAF_8 | Collateral requirements are too strict |
PAF_9 | We did not think it would be approved |