Chukwu, A.O.Kasztelnik, K.2021-06-042021-06-042021Chukwu, A.O., Kasztelnik, K. (2021). Innovative Strategies For Social-Economic Development Financial Strategies In The Development Country. SocioEconomic Challenges, 5(1), 44-65. https://doi.org/10.21272/sec.5(1).44-65.2021https://essuir.sumdu.edu.ua/handle/123456789/83933This research paper summarizes the arguments and counterarguments within the scientific discussion on the Small and medium scale enterprises constitute the backbone of any nations economic development and had remained a major contributor in poverty alleviation, employment generation, and industrialization. The purpose of this phenomenological study was to explore the lived experiences of small and medium scale enterprise owners in the development country, regarding the raising of finances from lending institutions to ensure their business growth and sustenanceenCC BY 4.0соціально-економічнасоциоэкономикаsocio-economicsінноваціїинновацииinnovationsфінансові стратегіїфинансовые стратегииfinancial strategiesкраїни розвиткустраны развитияdevelopment countriesArticle