The estimated 450000 micro small and medium enterprises (MSMEs) generate 90% of private sector production and create 4 out 5 new jobs in Uganda. When these businesses thrive the local economy flourishes and the standard of living improves. Without financing however their operations are severely limited.Starting from a place of improved financial management we help small businesses easily digitize their financial records. With these records and Numida's in app coaching entrepreneurs are equipped to make better business decisions in order to maximize profit reduce expenses manage inventory and much more.Numida's proprietary algorithm uses cash flow and financial management behavioural data gathered through our app to determine an entrepreneurs credit worthiness and issue an unsecured loan. By focusing on improving financial literacy for small business owners we greatly increase their ability to manage that capital reducing lending risks and maximizing growth.
Funding and Financing Rounds
Impact Reports & Metrics