The ‘Missing Middle’ | A Major Cause of Dwarfing of SMEs in Francophone Central Africa
The ‘Missing Middle’ is commonly defined as the gap in capital, which is larger than microfinance, yet smaller than traditional institutional financing like (commercial) banks in developing countries and emerging markets. An executive survey conducted in 2021 Q4 in Cameroon, revealed that only one SME out of fifty was launched using a bank loan.