In the fourth quarter of the year 2020, an independent survey was conducted by IPSOS as part of a customer happiness survey. 247 entrepreneurs participated in the survey, and 47 respondents were eligible to answer some questions about how they perceive the operational impact of the KF’s Funding Programs. At the same time, the survey identifies some areas of improvement that require a higher intervention and focus from the Fund to enhance its impact on its affiliated projects to increase their chances of success and their sustainability.
This article shows the analysis of entrepreneurs’ perception of the impact created by KF funding programs on the establishment, operations, growth, and sustainability of their funded businesses.
Main Source of Funding
When entrepreneurs were asked about their main source of funding, Khalifa Fund has been cited as the most common source of funding by 67% of the respondents, followed by personal savings by 55% of them.
Entrepreneur’s ability to set up/grow their projects without KF support
61% of respondents believe that they would have not been able to set-up or grow their businesses without KF support.
How did KF loans help the businesses?
The most significant way in which Khalifa Fund loans helped entrepreneurs is by sustaining or enhancing their business activities. It also helped them add clients, doing bookkeeping, giving salaries to employees on time, and helped them selling in more areas. Some entrepreneurs also acknowledged the role of KF loans in starting their businesses.
If you would like a full copy of the impact report, or if you have any suggestions for upcoming articles or suggestions for improvement, contact strategic.affairs@khalifafund.ae.
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