Nsimbi Impact
making finance accessible, affordable and seamless
Introduction
Provide innovative financial growth solutions that improve access to and use of financial services including savings, unsecured credit and working capital and impact investments for women owned and led MSMEs in East Africa. We aim to make finance accessible, affordable and seamless for women especially in the informal sector.
We provide
Access to a digital saving platform
Credit scoring services and digital profiling(KYC data)
Up to date information on credit facilities offered by different financial institutions,
Investment readiness self-assessment based on current requirements of financial institutional partners and other investors, Once a WSME fills the form, the data will be checked against criteria of different institutions and the system will return to the WSMEs with information on where they qualify for credit and what they lack to qualify at other financial institutions.
and direct linkage to formal financial institutions once credibility has been established.
Problem
According to Financial Sector Deepening Uganda 2018, More than 2.3 million women in the informal sector are currently financially excluded. 62% of the excluded females are between the ages of 16-35 years of age. The problems associated with inadequate access to finance not only cripple MSMEs, but also lead to an eventual decline in economic development (IMF, 2017). This exclusion is largely caused by collateral requirements demanded by financial institutions(FI) and those FIs that offer no secured credit products often require high annual revenue thresholds that majority women in business lack. Limited awareness about available financial products and limited ownership of smart mobile technology devices and/or internet. We believe that providing to financial growth for female-owned and led SMEs and those with viable business ideas will help Uganda grow socially and economically, create more jobs, and reduce the gender equality and financing gap that is currently standing at $42 billion
Opportunity
Provide innovative financial growth solutions that improve access to and use of financial services including savings, unsecured credit and working capital and impact investments for women owned and led MSMEs in East Africa. We aim to make finance accessible, affordable and seamless for women especially in the informal sector.
We provide
Access to a digital saving platform
Credit scoring services and digital profiling(KYC data)
Up to date information on credit facilities offered by different financial institutions,
Investment readiness self-assessment based on current requirements of financial institutional partners and other investors, Once a WSME fills the form, the data will be checked against criteria of different institutions and the system will return to the WSMEs with information on where they qualify for credit and what they lack to qualify at other financial institutions.
and direct linkage to formal financial institutions once credibility has been established.