Besides, SMEs need to constantly innovate, both in terms of products and processes and have a wide vision, so that they are able to spot new opportunities for their products/ services. MSME Associations and Chambers of Commerce also have an important role to play in this formidable task of building a robust MSME sector by generating awareness about good practices.
However, given the links that have often been identified between lending booms and banking and currency crisis, it is clear that authorities in the region had in a number of cases to take steps to avoid credit growth that may be too fast.