Past studies like @USFDstudy revealed the prevalence of volatility in household finances - which our early data also shows in small firms.
We’re now looking at how firms cope, how employees fit in, and decisions owners make to stay afloat: bit.ly/33BbWTv
The Small Firm Diaries is a global research initiative to help the world better understand barriers facing small businesses, and help small business owners thrive. Learn more 🧵
We are already collecting data on our sample of small firms in 2 countries: #Ethiopia and #Colombia. After that, we’re on to Nigeria, Kenya, Uganda, Indonesia, and Fiji.
We’ll look closely at what formal and informal financial services small firms rely on to save, borrow, and make payments. We’ll look at their use of digital to understand where, when, why—and why not—they adopt new technologies.
By collecting detailed insights from small firms, the @smallfirmdiary study will shed light on how small business owners across the world manage their financial decision making amidst uncertain and volatile economies.
#DidYouKnow: In Africa, small firms play a crucial role in economic development & job creation. Insight is needed to understand their unique challenges in order to create sustainable solutions for their longevity & growth.
We’re pleased to announce the partnership between @CNTR4growth & @financialaccess to launch the @smallfirmdiary, a global research initiative providing insights into the financial lives of small businesses across Africa, Latin America & Southeast Asia. mstr.cd/37OOpwx