The EAF's efforts to create sufficient investments in SMEs to spur mainstream investor interest (as has been seen in the microfinance market) looks like it's working!
I wish you the best in garnering additional funding to scale up your already proven initiative!
On October 27, 2010, the judges reviewed entries for the Changemakers G-20 SME Finance Challenge competition and would like to pass on the following feedback for your entry (below). Thank you for applying and for your hard work in the field. We are excited to archive your entry to serve as a leading solution for the worldwide community of innovators. We wish you continued luck with your innovative, sustainable, and socially impactful initiatives.
All the best,
The Changemakers Team
This is a finance product that uses an equipment leasing scheme to truly address the crucial ‘missing middle’ characteristic of not having any collateral. It presents a very specific proposal and clear explanation of the gap that the mechanism tries to overcome and seems realistic about steps needed to reach sustainability. As long as credit risk can be managed it should be an excellent project.
One concern is that it will be complicated to manage, and it is difficult to judge the predictions of scalability at this stage. The team does seem to be very high quality, though!
Comments
The EAF's efforts to create sufficient investments in SMEs to spur mainstream investor interest (as has been seen in the microfinance market) looks like it's working!
I wish you the best in garnering additional funding to scale up your already proven initiative!
Good luck!
On October 27, 2010, the judges reviewed entries for the Changemakers G-20 SME Finance Challenge competition and would like to pass on the following feedback for your entry (below). Thank you for applying and for your hard work in the field. We are excited to archive your entry to serve as a leading solution for the worldwide community of innovators. We wish you continued luck with your innovative, sustainable, and socially impactful initiatives.
All the best,
The Changemakers Team
This is a finance product that uses an equipment leasing scheme to truly address the crucial ‘missing middle’ characteristic of not having any collateral. It presents a very specific proposal and clear explanation of the gap that the mechanism tries to overcome and seems realistic about steps needed to reach sustainability. As long as credit risk can be managed it should be an excellent project.
One concern is that it will be complicated to manage, and it is difficult to judge the predictions of scalability at this stage. The team does seem to be very high quality, though!
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