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Assessing Small and Medium Forest Enterprises' Access to Microfinance: Case Studies from The Gambia

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  • Maria Fernanda Tomaselli
  • Joleen Timko
  • Robert Kozak

Abstract

Small and medium forest enterprises (SMFEs) are commonplace in many developing economies. SMFEs often face several challenges, with access to finance frequently being cited as a key hurdle. This study aimed to evaluate the access that SMFEs in The Gambia have to microfinance, and to determine strategies for improving the delivery of these services. Data show that most SMFEs have decent access to deposit accounts, but limited access to credit. While cooperative credit unions and other non-financial institutions have been providing microloans to SMFEs, access to such financial services could be improved. Six strategies to do so are proposed.

Suggested Citation

  • Maria Fernanda Tomaselli & Joleen Timko & Robert Kozak, 2013. "Assessing Small and Medium Forest Enterprises' Access to Microfinance: Case Studies from The Gambia," Journal of Development Studies, Taylor & Francis Journals, vol. 49(3), pages 334-347, March.
    • Handle: RePEc:taf:jdevst:v:49:y:2013:i:3:p:334-347
    DOI: 10.1080/00220388.2012.740018
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    References listed on IDEAS

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    1. Hellman, Joel S. & Jones, Geraint & Kaufmann, Daniel & Schankerman, Mark, 2000. "Measuring governance, corruption, and State capture - how firms and bureaucrats shape the business environment in transition economies," Policy Research Working Paper Series 2312, The World Bank.
    2. Mr. Rodolphe Blavy & Mr. Anupam Basu & Mr. Murat  Yulek, 2004. "Microfinance in Africa: Experience and Lessons From Selected African Countries," IMF Working Papers 2004/174, International Monetary Fund.
    3. Biggs, Tyler & Shah, Manju Kedia, 2006. "African small and medium enterprises, networks, and manufacturing performance," Policy Research Working Paper Series 3855, The World Bank.
    4. Brigit Helms, 2006. "Access for All : Building Inclusive Financial Systems," World Bank Publications - Books, The World Bank Group, number 6973.
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    Cited by:

    1. Hamidou Jawara, 2020. "Access to savings and household welfare evidence from a household survey in The Gambia," African Development Review, African Development Bank, vol. 32(2), pages 138-149, June.
    2. Sanchez Badini, Olivia & Hajjar, Reem & Kozak, Robert, 2018. "Critical success factors for small and medium forest enterprises: A review," Forest Policy and Economics, Elsevier, vol. 94(C), pages 35-45.
    3. Mohamed Samy ElDeeb & Yasser Tawfik Halim & Esmat Mostafa Kamel, 2021. "The pillars determining financial inclusion among SMEs in Egypt: service awareness, access and usage metrics and macroeconomic policies," Future Business Journal, Springer, vol. 7(1), pages 1-19, December.

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