A Comparative Study of Islamic Micro Financing for SMEs in Somalia and Nigeria: Experiences, Challenges and Opportunities
In most underdeveloped African countries, Small and medium enterprises (SMEs) employ the greatest number of people in the market. Somalia and Nigeria are among the countries where many poor people depend on the informal business sector to earn a living. This study makes a comparative analysis of Islamic Microfinancing for SMEs in Somalia and Nigeria in order to investigate if the existing Islamic Microfinance Institutions (IMFs) are covering current needs and will be able to meet future expectations for SMEs sector. |