Strengthen SMEs through cooperative financing and mentoring

Like the banking industry in the developing country eg Nigeria. This idea will leverage public intervention in catalyzing private SMEs financing due to the fact that this idea will on it own create sustainable financing and forum for close mentoring and monitoring of work in progress of any project by the idea development engineers which report back to the House. Technically it will leverage public intervention because the idea development house and idea development engineers will stand in has the middle men facilitating the accessibility of every businesses proposal financing from entrepreneur such that profit end will be channel to project sustainability.Experts analyzed very proposal from entrepreneurs, facilitate their training,monitoring,mentoring, financing and even marketing promotion at both international and local level.
This innovation give a platform to also promote international trade justice because entrepreneur will be give a level play ground to compete in international market. the idea development bank will also manage and arrange for the trade fair promotion of the product of the small and medium entrepreneur both in local and international market, the idea of allowing SME entrepreneur to struggle from the idea stage of their project to marketing state will be leverage.There by creating level play ground for effective engagement and professionality on project at hand.

1. Asymmetry information: this innovation address the issue of asymmetry information because professional capacity informational are share between the the idea development engineers and the entrepreneurs for maximum productivity
2.Informality: the issue of informality is reduced because every SME will have sign a memorandum of understanding with the ideas professional and entrepreneur are clearly determined the role of each party in the business and the process of profit sharing
Lack of financial capacity from the entrepreneur will not be the issue in this innovation because each entrepreneur is expected to summit it technical or human proposal to the idea development House in form of proposal so the issue is idea development.
4.lack of SME access to skill/knowledge/market will be entirely address because the idea professional are saddled with responsibility of facilitating mentoring,monitoring,marketing and promotion of trade justice.
5. lack of institutional capacity of financial intermediaries is also address in this idea because because people who will be chosen as idea development engineers will be chosen from competitively tract record of successful entrepreneurship management from different profession.
6. High transaction costs for financial intermediaries to serve SMEs will be reduce because is going to be a share investment
7. Lack of competition / incentives for financial intermediaries to serve SMEs this idea also address this issue because it give room for open market system. share of the investment are open to the public.
8. Underdeveloped local capital markets (term local currency funding, exit options for SME equity: the idea development House will Facilitate promote trade justice for SME.
9. General barriers to SME development related to investment climate the barrier of investment climate will be address by idea development engineers because there will be the one to determine and advice the entrepreneurs of their project.
10. Lack of financing to women entrepreneurs: the idea development House screen proposals and project. the idea if you are a woman or man does not come in here because the idea development engineers what to credibility of your proposal. there is no gender discrimination here.
11. Specific barriers to fragile and weak states is address here because the idea development house will facilitate the activities of this entrepreneur from the idea state to the marketing stage and this as to with both local and international marketing syetem.