funding gap emerging markets
Kenya

Umati Capital Limited

  • Umati
  • Local partner investment
  • + 207 other investors
  • With EUR 200,000 Umati Capital can extend their impact to reach over 500 micro and small businesses and hire 10 more people.

    €200,000
    Amount
    8.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€200,000
    Interest8.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 hours on 27 April 2018.
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      Summary

      Basic info:

      Issuer: Umati Capital Limited
      Currency: EUR 
      Amount: 200,000
      Maturity: 12 months, semi-annually and linearly amortizing 
      Security: piece of land worth USD 353,000 (KES 35 Mio)
      Interest rate: 8.5% p.a. 

      NB: This is a direct investment in a local partner and therefore it is recommendable that you are careful with the amount you will invest.  

      With your support Umati Capital now intends to extend their impact to reach over 500 micro and small businesses and expand their team by 10 people. This loan is for the improvement of the Umati business model (investment in online lending) and will not be used for factoring. Therefore, a collateral is in place 

      In 2013, Ivan Mbowa and Munyutu Waigi started Umati Capital with a simple vision: to use technology to transform access to short-term credit for small businesses in Kenya. Combining a background in banking (with Citibank) and management consulting (with Accenture), they launched a technology-enabled lender focused on small business people involved in agribusiness and other industries. Using mobile and web apps, Umati Capital has been able to lend over US$7 million to 135 micro and small businesses and 1000 farmers since 2013.

      Umati Capital enables small business people to access a short-term advance payment after they supply goods and before they are paid by their larger customers. Once their larger customers pay Umati Capital borrowers, the short-term advances are repaid. The majority of Umati Capital customers have never been able to access loans because they do not have access to collateral (like land) which can be pledged to a bank.

      Umati Capital has raised over US$2.5 million in both equity and grant funding from Institutional investors which include:

      FMO - read more

      Accion Venture Labs - read more

      Alliance for a Green Revolution in Africa - read more

       

      Company nameUmati Capital Limited
      CEOIvan Mbowa
      Founded2013-01-01
      LocationNairobi
      SectorAgriculture
      Turnover€316,588.99
      Employees15

      Impact

      There is currently no information available for this section. Check the Summary tab for more.

      • With this investment 10 jobs are created
      • With this investment 350 people are reached

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      We have already contributed for Umati Capital Limited

      Jan Meijberg
      Rene van den Burg
      Peter Scheedler
      A. Pronk
      Ferdie Daanen
      + and another
      207
      investors