al., 2007).
As a result of SME failure, the National Conference
on Citizen Empowerment of July 1999 and the Fourth
FAP Evaluation Report suggested a change in the
government economic incentive policy, which resulted
in the creation of Citizen Entrepreneurial Development
Agency (CEDA). Most of the enterprises in Botswana
have been financed by debt capital, where the most
affordable debt capital is from CEDA. CEDA offers