Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Meanwhile, the feisty online competitor is offering its business associates collateral-free loans..... Copy and Paste:Quote:E-commerce Platform Jumia intends to offer discounts of up to 80 per cent on selected products during this year’s Black Friday expected to kick off next month.
The event, slotted for November 13 to December 13, is expected to have more than 500,000 deals across 1,000 brands.
While at it, the online retailer has also rolled out a lending programme for small and medium-size business enterprises.
“Through this programme, we are offering SMEs new ways to access collateral-free loans quickly.
This allows them to expand their businesses, and fills a void in the market, given the restrictions banks face today,” Jumia managing director Chappatte said.
SMEs on Jumia will be able to access credit at favourable terms, with interest rates from as low as 12 per cent per year.
Over 4,000 sellers across Kenya are gearing up to take advantage of the programme. Source Link:
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