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Small and medium enterprises (SMEs) are universally recognized as a key force in driving forward the economic development; however, SME entrepreneurs face a variety of challenges including lack of access or limited access to formal financial services. Using mixed method research, the study attempted to analyses the SME ease of access to finance from banks and the impact of bank finance on their performance measured as return on assets (ROA). Contrary to many other studies, the results show that sample SMEs in Namibia had good access to finance from banks. The study further establishes that availability of bank loan is positively related to the performance of SMEs, while the age of enterprise was found to have negative relationship with performance.
About the author
Je suis actuellement professeur de comptabilité, d'audit et d'impôt sur le revenu à l'université de Namibie. Avant de rejoindre l'université, j'ai travaillé dans l'industrie de la pêche et dans l'industrie du tourisme pendant dix ans, occupant divers postes dans les domaines de la finance et de l'administration. Mes recherches portent sur la finance d'entreprise et la comptabilité des PME.
