Micro-finance Institution Lending And The Growth Of Small And Medium Enterprise In Hargeisa, Somaliland.

Abstract This chapter covered the background of the study, the main and specific objects of the study, the problem statement, and the significance of the study, study scope, research questions, and limitation of the study. 1.1 Background of the Study According to Otero (1999, p.8) he defined micro finance as "the provision of financial services to low-income poor and very poor self-employed people". These financial services according to Ledger wood (1999) generally include savings and credit but can also include other financial services such as insurance and payment services. Schreiner and Col…