This metric reflects the proportion of businesses operating within the formal economy that have secured financing through established financial entities, including banks, credit unions, microfinance organizations, and cooperatives. It serves as a vital indicator of
access to capital for enterprises, illustrating the availability of financial resources necessary for growth, innovation, and operational stability. A higher percentage can indicate a robust financial ecosystem that supports enterprise development, facilitating job creation and economic dynamism. Additionally, it may highlight
disparities in financial inclusion, as firms lacking access to credit may struggle to expand or compete effectively in the market, limiting overall economic progress and resilience.
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