Page 70 - IMDR MSME BOOK 2021

Managing Finance in Micro, Small & Medium Enterprises
Figure No. 18 - Framework of Risk Identication

When asked, “If you identify Risks, please select the type
of risk faced by your business”?, 30% of the respondent
identied nancial risk, 34% operational risk ,20%
credit risk , 6% legal risk and 9% respondent have stated
that they face other risks which are associated with their
business.

Figure No. 19 - Type of Risk faced Business

Financial Risk, 30% Credit Risk, 20%

Operetional Risk, 34% Others, 9% Legal Risk, 6%
Respondents were also questioned “Do you have a set
mechanism to manage the risk faced by your business?”
59 % respondents said that they do have a mechanism to
manage the risk faced by their business, while 41% are
unable to do so.