The SME Association of Zimbabwe is a not-for-profit body, owned by its members, who are entrepreneurs. It was formed out of the realisation that there was a gap in terms of the representation and support of professional small and medium enterprises that want to grow and become large corporations. The Association achieves its goal of SME development through providing core support services, some of which are outlined below.
Ensuring SMEs have proper work infrastructure is a key concern of the Association, and we are engaging various stakeholders in this regards.
Creating a conducive environment for SME formation and growth is one of the key functions for which the SME Association of Zimbabwe was set up. Growth in any modern economy can only result from a vibrant SME sector, and that in turn requires deliberate action and policies to drive it.
Ongoing training and development for the entrepreneur, as well as development of the human resource base within an enterprise are critical elements needed to ensure that a business grows. As such, the Association provides training programs in the areas of business skills development for the entrepreneur, and productivity improvement training for their employees.
Our training programs are based on the internationally-acclaimed Start, Improve and Expand Your Business programs developed by the ILO. These programs have been used over the last 30 years in over 100 countries to help over 23 million entrepreneurs to start and grow their businesses. The SME Association of Zimbabwe has licensed and experienced SIYB trainers to deliver this training.
Funding is the lifeblood of any business and without access to appropriate, affordable funding, business growth is stifled, if not killed altogether. The SME Association of Zimbabwe is able to provide funding through our SMEAZ Savings and Credit Cooperative Society Limited, and also through partner financial institutions that we work with. We also provide a training service to help you come up with bankable loan proposals.
The following programs are available. Click on each link to be directed to the detailed page describing what we offer.
Product | Summary description |
SMEAZ Savings & Credit Cooperative |
The SMEAZ Savings & Credit Cooperative enables members to get quick short-term loans (emergency loans, order financing and invoice discounting). It also acts as a guarantee fund/collateral substitute for members whose loans have been approved by a financial institution. It can also guarantee credit purchases and other credit facility transactions. |
Invoice Discounting |
Where you have supplied a reputable customer, and are awaiting payment, this facility can enable you to access part of the receivables in advance. We have a number of financial institutions that offer invoice discounting facilities. |
Order / Tender Finance |
Where you have an order, and need funding in order to buy materials and services required to fulfill the order, this facility provides such funding. It is also applicable where you need financing in order to fulfill a tender issued by a reputable organisation. |
Working capital finance |
If your business is unable to cope with demand due to inadequate stock levels or seasonal fluctuations, this facility enables you to boost your stocks/working capital in order to meet such demand. |
Asset / Capital expenditure finance |
Where you need to buy an asset in order to grow your business, this product enables you to acquire such an asset, and repay over a longer period of time. |
Equity funding |
For businesses looking for rapid expansion/take-off, getting other investors may be an ideal way of achieving this. We are in the process of launching a facility which will also provide early-stage investor funding for businesses that are still small, but have a great business model and growth potential. |
Grants and Development Agency Funding |
Grants and development agency funding are sometimes available for certain projects, particularly in the marginalised/empowerment, women & youth, environment & greening and innovation spaces. We do not currently have any donor programs running, therefore we do not have grant or donor opportunities available. |