No collateral? ZEEX lets entrepreneurs raise capital on the strength of their business ideas

FOR decades, Zimbabwe’s small and medium enterprises (SMEs) have faced the same barrier when seeking finance: no collateral, no loan. But a new capital-raising platform is seeking to change that equation by shifting the focus from what entrepreneurs own to the strength of their ideas and growth potential.

Entrepreneurs without houses, vehicles or other assets to pledge as security have often found themselves locked out of formal financing, forcing many to rely on personal savings or expensive short-term borrowing to grow their businesses.

This story is for NewsDay subscribers.