Jumia Lending, an initiative of Jumia online shopping platform, is extending short-term working capital to small businesses.
The aim is to help small businesses expand their operations
According to Mr. Adeniyi Ogunfowoke, Jumia Travel and Food PR Associate, beneficiaries of the initiative will enjoy a flexible repayment plan of one to six months, low-interest rate, and zero collateral. Jumia will also train beneficiaries, and support their businesses to achieve set goals.
To qualify for the loan, an SME must have been selling on Jumia for at least six months. The SME also must have sold more than 25 items valued at N100,000 or higher.
To access this facility, visit https://vendorhub.jumia.com.ng/jumia-lending/