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Looking towards SME Finance - Trends
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According to John Wilkinson of Eucomed, the environment for SMEs operating in Europe has become increasingly challenging, but this trend predates the current economic crisis. "Broadly speaking, across Europe, the perennial issue for SMEs is market access," explains Wilkinson. "That hasn't got any easier and in some respects it is getting more difficult. "If you are an early-stage company, getting revenue traction is a huge obstacle. There are certain trends which are unhelpful in that area. The first is a tendency towards aggregated procurement, with large geographical areas coming together to source very large ...
Today we submitted our application for the G-20 SME Finance Challenge on Ashoka Changemakers. This is an important effort looking for the best models worldwide that catalyze finance for small and medium enterprises (SMEs). And where else could we need this more than in Africa? Given it fits the VC4Africa vision perfectly we had to apply. Please see our application and feel free to leave thoughts, ideas, questions or criticisms. We know that this is a long process and we have to learn and adapt along the way. You can contact me at email@example.com. Summary: VC4Africa.com is a platform for ... Read More
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