Author s Persons

training being of questionable value, permanent dependence of businesses on the project, and so on. There are also insightful observations on the factors accounting for failures, stagnancy and low growth of small enterprises, the principal among which are distrust of partners and employees and hesitancy in going beyond the existing management capabilities of the owner- managers. Yet another interesting finding reported in the case relates to the views of owners about interest rates: "Interest rate is of less importance to them than the terms of the loans" (p 392). Owners preferred longer repayment period. Also, "getting their loans quickly also seemed to be more important to them than paying a low interest rate" (p 392).