problems faced by SMEs such as credit facilities to

is safe to say that some other SDG goals like quality education, zero hung webapex.net er, good health, and wellbeing are inter-related to the goal of alleviating poverty. Poverty is more than the lack of income and resources to ensure a sustainable livelihood. Its manifestations include hunger and malnutrition, limited access to education and other basic services, social discriminati ysin.org on and exclusion as well as the lack of participation in decision-making.

It is safe to say that some other SDG goals like quality education, zero hunger, good health, and wellbeing are inter-related to the goal of alleviating poverty. Poverty is more than th westernmagazine.org e lack of income and resources to ensure a sustainable livelihood. Its manifestations include hunger and malnutrition, limited access to education and other basic services, social discrimination and exclusion as well as the lack of participation in decision-making.

Inaccessibility to money remains the basis of poverty. Therefore, we need to commit to creating wealth for our society. Wealth creation is the accumulation of assets especially those that generate income over a long period of time.

How then can Africans create wealth?
There are a couple of ways Africans can create wealth which includes savings and investments. SMEs, however, play a fundamental role in creating wealth and helping the economic growth of a nation. In Asia, North America and Europe, SMEs are associated with the impressive economic growth in their countries and they still hold an influential place in the economy in all countries.

In Africa, SMEs dominate business, making up 90 percent of firms in rural and urban areas and providing a major employment avenue. SMEs promote entrepreneurial and business skills among communities and are important drivers for achieving key national goals such as poverty alleviation and economic growth.

These statistics imply that SMEs are the future of Africa and we can do well by ourselves by venturing into them, therefore creating multiple streams of income. The idea that you need to earn a large salary to accumulate wealth, is a popularly held misconception.

Well aware of the  start up the business, Fundall is committed to helping SMEs grow and build wealth for Africans in the fight against poverty.

 


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