Abstract
This paper focuses on determining
the socio-economic and demographic factors that
predict credit accessibility from financial
institutions (banks) in South Africa. Data was
obtained through, questionnaire survey from 179
small and medium enterprises (SMCEs) who were
conveniently sampled. The questionnaire was
developed from literature review. The socioeconomic
and demographic determinants predicting
credit accessibility were identified. The data was
analysed using statistical package for the social
sciences (SPSS) version 22.The results indicate that
credit was predicted by age group, current position
in the organization, tax number and location. The
gender of the respondent, type of business
ownership and collateral (security). This study
informs SMCEs owners and managers to provide,
their age, current position in the organization when
applying for credit. Furthermore, they should
provide the tax number and the location of the
business in order for them to obtain credit from
banks.