authors
Thelma Chibueze, Taiwo Adeshina, Linda Uzoamaka Christopher, Stephanie Dolapo Ewubajo and Lisa Ebere

abstract
Micro, Small, and Medium Enterprises (MSMEs) remain the backbone of Sub-Saharan Africa’s economy, contributing significantly to employment creation, poverty reduction, and grassroots industrial development. Despite their central role, many MSMEs face persistent challenges in accessing affordable credit, limiting their capacity to expand, innovate, and compete in both domestic and global markets. Financial exclusion, characterized by limited access to formal banking services, stringent collateral requirements, and underdeveloped credit infrastructure, continues to hinder their performance. This study critically examines the challenges and opportunities surrounding access to credit and financial inclusion of MSMEs in Sub-Saharan Africa. It explores systemic barriers such as inadequate regulatory frameworks, information asymmetry, and high interest rates, alongside structural challenges like infrastructural deficits and weak financial literacy among entrepreneurs. At the same time, it highlights opportunities emerging from digital banking, mobile money platforms, fintech innovations, and microfinance institutions that have begun reshaping financial ecosystems across the region. Emphasis is placed on how digital solutions can bridge gaps in traditional banking, enhance transparency, and reduce transaction costs, thereby improving credit accessibility for small and medium entrepreneurs. Furthermore, the study underscores the importance of supportive government policies, capacity-building initiatives, and public-private partnerships in creating enabling environments for inclusive financial systems. Findings suggest that improving credit accessibility and financial inclusion not only strengthens MSME performance but also drives broader economic growth, resilience, and poverty alleviation in Sub-Saharan Africa.