ROSCA’s and business

Abstract
Small enterprises and sole proprietorship have long been recognised as a very important
source of self employment, job creation, innovation and economic development. However,
funding constraints in finance markets can both limit entry of new firms and development of
existing enterprises, thus affecting economic growth. Businesses not well served by the
formal financial market often try to exploit other resources such as savings, relatives or
friends’ loans or even local moneylenders….read full article