Factors Hindering FNB to Grant Finance for Start-up SMEs in Windhoek - Management Assignment Help

Assignment Task :

1.3 Research objectives

The study outlined different objectives:

1.To identify factors hindering FNB to grant finance for start-up SMEs in Windhoek

2. Examine the benefit FNB finance will bring to the starting up SMEs

3.To recommend possible strategies to enable start-up SMEs to access financial services

4. Identify the level of contribution of SMEs industries towards Namibia’s economic growth and development

1.4 Significance of study

The result of this study will be of immense benefit to the banks and not only FNB. It will help other commercial banks to recognize the role SMEs play in the economy and when to provide them with enough fund so as not to hinder the development and progress of the economy. Through this study the SMEs owners will be able to recognize the best or appropriate means to procure finance and get educated on various ways on how finance can be obtained and the equivalent collateral to give in exchange for finance.

It will enable the government to know the necessary areas to improve in terms of funding to start-up SMEs and the areas of start-up SMEs that needs enlightenment through program and seminars through this will also assist in the realization of the government’s vision 2030 plan. This is useful to the entire country because if the First National Bank start financing start-up SMEs many individuals will start up their own business the gap of unemployment will be filled and we will have many successful entrepreneurs that can contribute to the economy and growth of the country and government by paying business tax (Jauch, 2010)

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