Access to Finance
Access to finance is a pervasive hurdle for entrepreneurs across Africa, limiting the growth and sustainability of businesses
That’s where you need creative and unconventional solutions. Crosswise Works is partnering with the Zimbabwe Agricultural Development Trust (ZADT), to design a social return fund for a group of 15- 20 women entrepreneurs in the agricultural sector in Zimbabwe. The aim of the fund will be to provide women with an innovative loan to invest in growing their business. Unlike conventional debt instruments, beneficiaries will have a blended repayment model in cash and in-kind - to pay it forward to their local communities in the form of products or services. This instrument generates dual impact: at the entrepreneurs’ business growth and in the communities benefiting from the in-kind payment. This is an untested instrument in the Zimbabwean market, with large potential to scale and replicate across Africa if successful.