Challenges Faced by Traders by Burte 09 March 2022

posted in: IFC Project - Ethiopia | 0

Today, I met a trader and I was able to get good information. He is a very hard worker and he has told me that he faces many challenges in his business and that these challenges are preventing him from expanding.

  1. The intervention of big factories is causing traders to sell to them at a low price and this results in their bankruptcy.
  2. He is afraid that he’ll lose his business to a fire or robbery because he doesn’t have insurance.
  3. He couldn’t find a wide enough place for the storage of his products and this is keeping him from growing his business.
  4. The factories haven’t paid up on the products they took by credit. Them being late on their payment is also holding him back.

I was happy because the respondent understood all my questions and answered them diligently.