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Targeted SME Financing and Employment Effects : What Do We Know and What Can We Do Differently?

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  • Kumar, Ruchira

Abstract

SME’s form a dominant share of the private sector in developing countries, and account for more than 50 percent of jobs in their respective economies. Besides their positive employment effects, the growth and vibrancy of these firms is also important for broader economic growth, diversification of economic base and as a source of innovation that is exhibited by some of the start-ups. Women-owned SMEs are emerging as one of the fast growing segments within the SME sector. Youth play an important role in the creation of new firms and start up activities. Given this importance of SMEs for creation of more, better and inclusive jobs, there is significant focus on understanding the constraints to growth of this sector and implementing programs to address them in the World Bank Group and the other development institutions. Among the several constraints that they face, access to finance is usually cited as the most important and there are several instruments that can be applied to address this constraint. However, what is the evidence of impact of these programs on the employment effects? This note brings together the learnings and evidence from access to finance interventions on employment and provides some recommendations for development practitioners who seek to maximize this objective from their access to finance interventions.

Suggested Citation

  • Kumar, Ruchira, 2017. "Targeted SME Financing and Employment Effects : What Do We Know and What Can We Do Differently?," Jobs Group Papers, Notes, and Guides 27547256, The World Bank.
    • Handle: RePEc:wbk:jbsgrp:27547256
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    Cited by:

    1. Bernard Korankye & Zhu Yong Yue, 2022. "Exploring the Mediating Role of Work Engagement on the Relationship Between Organizational Career Management and Career Satisfaction Among SME’s in Accra Metropolis, Ghana," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 12(4), pages 154-174.
    2. Tatjana Janovac & Verica Jovanoviæ & Pavle Radanov & Saša Virijeviæ Jovanoviæ, 2021. "Woman’s entrepreneurship – female participation in loss-making SMEs," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 39(1), pages 39-58.
    3. Amini, Amirhossein & Esfahani, Hadi Salehi, 2025. "Easing credit for small firms amidst expansionary policy shifts: Iran 2005–2013," International Review of Economics & Finance, Elsevier, vol. 98(C).
    4. Ma’mun Sarma & Stevia Septiani & Marthin Nanere, 2022. "The Role of Entrepreneurial Marketing in the Indonesian Agro-Based Industry Cluster to Face the ASEAN Economic Community," Sustainability, MDPI, vol. 14(10), pages 1-14, May.
    5. Rother,Friederike Uta & Chartouni,Carole & Sanchez-Reaza,Javier & Paez Salamanca,Gustavo Nicolas & Fallah,Belal N. Y, 2022. "Enhancing Workers’ Protection in Jordan," Social Protection Discussion Papers and Notes 170803, The World Bank.
    6. Wahid Damilola Olanipekun & Yimka Samson Alalade & Bolanle Olubunmi Amusa & Timothy Ayomitunde Aderemi, 2021. "Does Entrepreneurship Guarantee Youth Empowerment in Nigeria? The Role of Small and Medium Scale Enterprises," Business & Management Compass, University of Economics Varna, issue 4, pages 429-442.
    7. Charles Akomea Bonsu & Edwin Eric Owusu & Willian Ansah Appienti & Owusu Asabere Kwaku, 2022. "Job environment the Pancea on employee performance of selected Small and Medium Enterprises (SMEs) in the Kumasi Metropolis," Technium Social Sciences Journal, Technium Science, vol. 38(1), pages 393-404, December.
    8. Kelvin Mugambi Kinyua & Frederick Kibon Changwony & Kevin Campbell, 2025. "Government procurement contracts, external audit certification, and financing of small- and medium-sized enterprises," Small Business Economics, Springer, vol. 64(3), pages 1163-1231, March.
    9. Timothy Ayomitunde Aderemi & Adedayo Mathias Opele & Johnson Ifeanyi Okoh & Mamdouh Abdulaziz Saleh Al‐Faryan, 2023. "An econometric analysis of small‐ and medium‐scale enterprises and employment creation in Nigeria," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(3), pages 1624-1633, April.

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