Analyzing SME Financing Constraints with Shiperise as an Alternative Financing Model

Details

Supervisors

Marichal, Xavier

Faculty

Louvain School of Management

Degree label

Master [120] : ingénieur de gestion, à finalité spécialisée

Abstract

enSmall and Medium Enterprises (SMEs) often experience persistent barriers to access financing. These financing constraints are particularly related to structural barriers, such as collateral requirements and regulatory frameworks. This thesis examines these financing constraints and explore alternative lending models to overcome these financing gaps. This study centers on Shiperise, a platform that provides inventory-backed financing to sustainable SMEs. Using a mixed-method approach combining secondary data analysis from OECD and SAFE datasets and qualitative insights from expert interviews, the study highlights the continued dominance of collateral based lending. Additionally, it shows the operational impracticality of inventory as standalone collateral in traditional banking. While sustainability is gaining importance in strategic outlooks, ESG factors remain marginal in loan conditions and credit models. Shiperise emerges as a complementary financing solution, offering targeted credit access to SMEs excluded from conventional frameworks. The findings contribute to the literature on SME financing by emphasizing the need for more inclusive, flexible, and sustainability-aligned credit practices.