Khadija is a 25 year old woman running an informal restaurant where workers in the area come and have lunch every day. Every day she and millions of other women in African urban areas have to wake up early, find the funds and struggle to go and buy the supplies they need to operate their micro businesses. Instead of lending money to these women-run businesses, MOUSSO provides supplies needed through a mobile-based platform and allow for deferred payment with 0% interest. We allow mobile money payments and increase weekly amounts based on scoring engine. We have provided non perishable supplies with free delivery to up to 60 restaurants for a weekly recurring order of around 55000 XOF (90USD) each per week – They pay after a week, we resupply. We have curbed our own growth in spite of growing demand to formalize the company and put in place supplier agreements to allow us to keep working capital need low while scaling. Investors and technical partners welcome.
This year has been a historic one for the MEST Africa Challenge. Not only was the entire competition held virtually, but over eighty finalists… read more