According to the International Finance Corporation, over 80% of SMEs in Africa cannot access the credit needed for them to grow. Through mobile technology and Ovamba’s secure and reliable platform, investors are now able to bridge the gap and create substantial opportunities for both sides.
SMEs comprise over 90% of the African economic fabric but face significant challenges when it comes to accessing quick, affordable and reliable credit. Through changing mobile technology, Ovamba’s platform is now able to help SMEs attain the crucial support that they need in order to grow.
Ovamba assesses risk through its world-class due diligence system, using both digital assets and local knowledge from teams on the ground.
Transactions vary in size from €5,000 to €500,000, the average being €54,000.
Ovamba identifies opportunities that align with your appetite for risk and size of investment. Once an investment is agreed, you can monitor progress online.
Customers apply directly online, providing key information about their company and its requirements.
Within 48 hrs – you will receive notification if your business meets our target criteria. Ovamba supports well run and fast growing businesses that meet our ethical and social governance rules (inclusive of islamic finance rules). We perform due diligence on the business, the products, the owners and your customers.
Ovamba will make an offer to purchase the assets or receivables offered by the SME. These assets are then sold to you at a pre-agreed markup that is inclusive of all costs incurred and an Ovamba margin.
“My business turnover has doubled thanks to Ovamba’s
Mr. Madoumba Owner of a flooring
“Funds received from Ovamba enabled me to import my goods”
Djami Jules Owner of a sports store
“With Ovamba, SMEs have an opportunity to grow”
Lenou Herve Owner of an aluminium
“As a young company, I quickly encountered a working
capital problem. But Ovamba helps me to pay my suppliers.”
Laeitita Sandjong Owner of an events