It’s no easy feat becoming an entrepreneur in emerging markets, especially since one’s entrepreneurial potential is so often stunted by the onerous bureaucratic processes involved in setting up a business and raising capital. For this reason, the advent of micro-finance has ignited hopes that micro-entrepreneurs would now have one less obstacle in their way.
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But has micro-finance really lived up to these expectations?
A report compiled by the World Bank called Financing Businesses in Africa paints an interesting and unexpected story on the matter.
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