Small and Medium sized Enterprises ("SME") account for 90% of all businesses in Africa. However they lack access to working capital due to the underdeveloped financial service sector. Building on transformational innovations of mobile money in Kenya, Nairobi Capital, Inc. offers competitive short-term lending to qualified small businesses.
We are building islands of high-tech, electronic, virtual, community credit networks that connect the global capital markets to these small businesses, Africa’s engines of economic growth. We interconnect these networks using the cell phone banking platform, while leveraging existing social and business organizations within the local communities. We invigorate entrepreneurship in Africa by providing the missing link to growth of small businesses – affordable, accessible and convenient working capital.