Products
Credit Lending
Our growing micro financing division targets the trader market model. These small businesses in fact have high potential, talent and profit margins, however they lack a factor which enables them to buy the inventory required to produce their goods. One of the factors which results in Sub-Saharan Africa having a relatively slow economic growth has been linked to its poor capital accumulation.
The most significant population (The Bottom Line) of Kenyans is unbanked, and if banked, have very minimal savings. We predict substantial growth in this division as there is a constant requirement for funding and lack of accessibility to conventional loan services. Hence, we strive to educate on our clients on effective use of credit and growing their businesses in a profitable yet sustainable manner.
Asset Financing
Our loans enable individuals and companies to be able to purchase motor vehicles at competitive rates, with flexible repayment. We also develop strategies to ensure that individuals and companies purchase the appropriate assets, and review their financial statements and other valuations for any obligations that may come with the assets.
This division is a solution for the upcoming youth and business people, looking to own vehicles but lack immediate funds, they however, have absolute potential to fully buy these cars. We work with all dealers and yards to find best solutions, considering car model, year of manufacture and condition. Our clients are assured to get the best deal from SimplePay Capital Limited and means to fulfilling their dream of owning a car.
LPO Financing
Oftentimes people and companies do not have available cash to attend to awarded tenders and/or contracts. We mitigate this by having readily available working capital and stable cash flow to have an upper hand in new opportunities of business growth. We offer short-term financing to facilitate contractors/ suppliers with short-term working capital needs and enable suppliers attain their orders with ease and in a timely manner.
As a result, we aid companies to boost supply and fulfil clients orders and procurement at an economical value and in a timely manner, thus giving companies and individuals an edge-on competition.
Short-term loans
Our short term loans range from 1-3 month periods. The loans are immediately accessible, with favorable and fixed interest rates and guarantee a solution to emergency situations. Our loans also have flexible payback terms, with easy and client friendly monthly repayments plan. This type of financing is easier to predict and budget for as individuals face lower stress of owing money for long periods of time. This is ideal for balancing seasonal demands, handling emergency situations, maintaining cashflow on the business front.
Working Capital
We provide financial solutions to various operational activities that need to improve cash flow in order to convert into revenue. This allows faster and more business-driven decisions to accelerate company growth to unlock the full potential of your business. This type of funding often assists to fund everyday business expenses like payroll, rent and operational costs and manage cash flow gaps during a business’s slow season.
Start-Up Business Loans
We offer seed capital to high potential business ideas. With a strong foundation, combined with SimplePay financing, the resources required become readily available, thus being able to establish and implement a market dominating business. It’s now the time to unlock full potential as small business are the heart of local communities across the African market.