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SMEs lender saves suppliers agony of delayed payments

Published on February 17, 2016

Kenya’s retail sector is thriving, if the ongoing expansion by the likes of Nakumatt, Tuskys and Naivas supermarkets can be taken as a true measure of the industry’s health.

The power behind these retail chains are the hundreds of suppliers who deliver truckloads of goods every day. However, they have to wait between 45 and 90 days for payments, affecting cash flow of the SMEs.

It is this financial predicament that inspired Munyutu Waigi and Ivan Mbowa form Umati Capital in 2012, an invoice discounting and SME working-capital solutions company. Read more. Source | Business Daily