Figure 6. Sources of working capital

2.2.5 Sources of working capital

Across all sectors, main source of working capital was loans from banks. It should, however, be noted that only 87% and 62% from the agribusiness and manufacturing sectors, respectively, used loans from banks for their working capital.

Only 18% of the respondents with none coming from the construction and tourism said that they used retained earnings for their working capital. This may be an indication that majority of the enterprises have low capital base and retained earnings making them more vulnerable to economic shocks such as extended lockdowns due to the COVID-19 crisis.

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Figure 6. Sources of working capital