Despite the recognized numerous advantages of SMEs, the contribution of this sector to the overall economic development of the country has over the years, remained low.The main reasons for the low contribution of the sector include:• Poor access to credit and other financial support or incentives• Poor public sector support and policy inconsistency• Poor account keeping habits, weak financial planning• Poor infrastructure which significantly increases the cost of doing business• Inability to hire highly skilled personnel• Inadequate or lack of research• Poor linkages among vibrant SMEs, large-scale enterprises and the rest of the domestic sector of the economy generally• Policy incentives are tilted in favour of large scale industries, etc