I was once like you
Madimetja: “security means collateral which is an asset you would forfeit should you be unable to repay the loan granted. The funder/lender will take ownership of the collateral and may decide to keep or sell it to recover the money lent. Collateral may be in the form land, a house, shares etc. Sipho: ”Oh yes, I heard a lot of friends complain about the requirement for collateral. Where am I gonna get collateral? I am only starting out now and I have no assets to pledge. My company also has no assets to pledge”
Gamer: what do you think is the solution to Sipho’s challenge?
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