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.
“Managing a company in Cameroon is not easy. Having searched for a funding solution for a long time I finally found Ovamba. After only one week Ovamba provided the funds needed to pay my suppliers and obtain my products. Ovamba is a perfect solution for business people in Cameroon”
Mr. Tchassi founder and C.E.O of International Tchasluc Company Limited
“As a service provider to the telecoms industry we manage cash intensive logistics including accommodation, transport, and staff allowances on a daily basis. Thanks to Ovamba we were able to finance a project in Chad in record time. We were very impressed with the speed of Ovamba, in only 10 days the funds were in our account and we could get the project moving.”
Peter Metambi CEO/GM of Alpha Engineering Company Limited
“We are a service provider involved in importation and transport. Ovamba has helped us increase our running capital as well as the volume of our activities. We would like to thank Ovamba for its presence in Cameroon”
Mr. Tachago Tagne Valerie founder and C.E.O of Tval Company Limited
“We deal with foreign manufacturers producing paint which we sell in Cameroon. Before we found Ovamba Solutions we had serious problems acquiring stock, but now thanks to Ovamba’s funding our dreams are becoming a reality. Ovamba is the solution for your business.
Thank you Ovamba!”
Mrs Peka Doloris Managing Director of Sajep
“We are an SME which deals with the distribution of electric materials, a domain which requires a huge fund mobilisation in order to meet increasing demand. As such, the assistance provided by Ovamba enabled me to increase our stock, our client portfolio and strengthen collaboration with my supplier.
I really believe that Ovamba’s presence is good for Cameroonian SMEs and will surely boost our economy. I give a big thanks to Ovamba and call on all serious SMEs to contact them.”
Philomon Nonze Fogang CEO of Getras Sarl (General Trading and Services)
“By granting funding, Ovamba offers Cameroonian SMEs a reason to hope, and sets them on the path to economic growth. With its assistance we have increased activity which has contributed significantly to achieving our goals.”
Mr Mbionyi Dieudonné General Manager of Société Royaume des Vitres