Bulls n Bears Entrepreneurship Zone :: Profit-making idea: Financing who the banks won’t

[Bulls n Bears]

 <mailto:info at bulls.co.zw> 

 

 

In a recent interview, we asked Constantine Nyanzero, CEO of B2C Coworking,
to name a business opportunity he would still like to pursue. B2C Coworking
is a Zimbabwean business accelerator, incubator and co-working space. Here
was Nyanzero’s response:

“One of the biggest opportunities on the continent is developing insurance
products for Africa’s young people, especially tapping into the microfinance
provision of these services. 

Microfinance is giving disadvantaged, creative people access to small loans
and financial services, so that they can obtain a steady income and a secure
future. The last-mile delivery service for access to finance is the biggest
opportunity. Most financial institutions deny poor people access to loans,
due to a lack of equity. Microfinance challenges this perception. 

Through microfinance, the poor are given the opportunity to develop and
create their own jobs, so that they can provide a living for themselves.”—
Howwemadeitinafrica

 



 

 

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