CrowdLlending Lend or Borrow

PROBLEM
Small businesses in Uganda need digital banking services, including plenty of credit. Although these businesses drive economic growth and contribute up to one-third of the continent’s GDP, they are often financially excluded from credit and other financial services due to their size and informality. Typically, these businesses access credit from family, loan sharks and informal money lenders that offer poorly designed consumer credit. Additionally, the prevalence of Covid 19 has led to decline in business activities and has put small businesses at a risk of closing or going out of business due to running short of capital.

SOLUTION
CrowdLending is a financial technology that offer low interest loans to smallholder farmer agricultural businesses through our crowdlending platform. The web platform as well provides an investment option for the public to lend money to disbursed loans with a promise of shared interest as return on investment for the public lenders.