The development secretary highlighted the importance of small businesses in creating employment but said the British government was concerned by the lack of loan opportunities in the country, where only 69% of smaller-sized business have access to finance.
People can spend what they make, but not much more, and facing the lack of loans to help them out, they may simply choose to spend less.
But, she acknowledged, "one of the gaps we are concerned about is the lack of loans in the smallest dollar level".
Analysts said Merlin appeared to have done little so far to end the standoff between small businesses and the banks, with each blaming the other for the lack of loans and credit facilities.
Analysts said that Merlin appeared to have done little, so far, to end the standoff between small businesses and the banks, with each blaming the other for the lack of loans and credit facilities.
At the very least, this plan's lack of loan forgiveness would discourage those drawn to work in education.
To address this lack of credit, the Uganda Private Providers Loan Fund was launched to provide microfinance loans and technical assistance to these small private-sector providers.
The lack of loan defaults may have something to do with the smaller loan amounts.
Meanwhile Jewell insists he is not disappointed with the club's lack of loan signings ahead of last week's deadline.
Its survey shows that just in the last year, a third of small businesses missed opportunities to grow for lack of loans.
Small businesses are hampered less by a lack of loans than a shortage of customers, argues Bill Dunkelberg, chief economist of the National Federation of Independent Business (NFIB), a trade group.
