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Table 6 Challenges of SMEs

From: Financial inclusion and the growth of small medium enterprises in Uganda: empirical evidence from selected districts in Lango sub-region

Variable list Mean Std. deviation
1. Competition from foreign firms 4.41 .835
2. Stiff competition from domestic firms 4.29 .761
3. Small market size 4.13 .977
4. Unreliable electricity 4.05 .927
5. Unfair treatment from local authorities 3.99 .958
6. High taxes 3.97 .909
7. Inadequate training in information and communication technology (ICT) 3.90 .777
8. Unrealistic demand for collateral securities 3.88 .875
9. Inadequate access to cheaper credit 3.87 .772
10. Ever-changing technology 3.86 .973
11. Unrealistic demand for loan guarantees 3.76 1.059
12. High inflation rates 3.66 1.091
13. Expensive loans 3.35 1.015
Average 3.93 0.918
  1. Source: field data, 2020