Table 3.

Perspectives of participants of the challenges faced by the FFIs when considering granting credit to women-owned SMEs

ParticipantsParticipants on the
challenges faced by the FFIs
Frequency (n)
BM1; BM2; BM3; BM4; BM5; BM6; BM7; BM8; CM1; CM2; CM3; CM4; CM5; CM6; CM7; CM8Lack of equity capital22
BM1; BM2; BM3; BM4; BM5; BM6; BM7; BM8; CM1; CM2; CM3; CM4; CM5; CM6; CM7; CM8Lack of business experience16
BM1; BM2; BM3; BM4; BM5; BM6; BM7; BM8; CM1; CM2; CM3; CM4; CM5; CM6; CM7; CM8Lack of first-class collateral16
BM1; BM2; BM3; BM6; BM8; CM1; CM2; CM3; CM4; CM5; CM6; CM7Poor credit record12
BM1; BM2; BM3; BM6; BM7; CM1; CM2; CM3; CM4; CM5; CM8Poor financial record11
BM1; BM4; BM6; CM2; CM3; CM5; CM6Lack of entrepreneurship education7
BM1; BM3; BM8; CM3Competition for finance4
Source: Authors’ own creation

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