In general, the lack of collateral, poor record keeping and unavailability of credit history, among other factors, are the source of their risk.
But given that a smooth flow of finance is the lifeblood of start-ups and SMEs, many stakeholders with a passion for business growth have tried finding alternate ways that fresh entrepreneurs can rely on to fund the growth of their businesses.
One such stakeholder is the Springboard, Your Virtual University, a weekly motivational talk show on an Accra-based radio station, Joy FM.
As part of its weekly series on entrepreneurship and business growth, the show, hosted by Reverend Albert Ocran, used the May 30 edition to educate listeners on innovative sources of finance for SMEs.
