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Funding Small Business is Risky - A Hybrid Solution

Funding Small Business is Risky - A Hybrid Solution

Small business has been earmarked as one of the key facilitators of driving down unemployment.

Most surveys of small business cite difficulties in accessing finance as one of the top three challenges they face. But talk to providers of finance and they say the opposite: there is a scarcity of fundable small businesses out there.

Solving this conundrum is at the heart of South Africa’s biggest challenge: how to create the 11 million new jobs we need by 2030 to reduce unemployment to 6% from its current 36%.

South Africa’s small business finance ecosystem is fragmented and inaccessible to those most in need. And there is a paucity of published material on why some small business support programmes, both financial and non-financial, deliver returns while others do not.

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