Ultimately, we would like the platform grow to a level where investors can come and invest in some of the SMMEs that come through this platform.
Funding remains a critical challenge in South Africa as all of these citizens that are unemployed do not meet the normal lending criteria of our financial institutions, no matter how brilliant their business idea is. In some cases they have to have collateral, and in most cases a good credit record – things that are difficult to achieve at this level.
Our idea is that investors will look more at the viability of the business concepts and then use their experience to implement systems and controls so as to guarantee the security of their investment.
The Investor Pitch will be run like the #StoPPovertyInSA Pitch with the Investors being the judges.