In Nigeria the lack of a reliable, affordable power supply is a major problem facing micro, small and medium-sized enterprises (MSMEs), resulting in reliance on diesel generators that are both expensive and harmful to health and the environment through noise and air pollution.
Microfinance institutions are a crucial lifeline for poorer people in Haiti. Most households and micro, small and medium-sized enterprises cannot access credit through formal financial institutions such as commercial banks, partly because of their inability to meet the standards for loan approval
Access to finance plays a crucial role in business development, sustainability and growth. However, the lack of or insufficient access to credit for medium, small and micro-enterprises (MSMEs) is widespread in developing and emerging countries.
With more than 500 million mobile phone subscribers in Africa, mobile phones now provide a cheaper and quicker way for businesses to communicate with customers through mobile customer relationship management (mCRM) systems.