Social Lend Africa Simple. Secure. Instant

Social Lend Africa

Social Lend Africa

Social Lend Africa is a financial technology company that offers a digital platform on which Lenders and Borrowers can avail and secure credit respectively. SLA’s history began in 2015 when its Co-Founders used to lend informally to individuals.
In 2016, we realized that most of these borrowers were small business owners who wanted to grow their businesses but lacked access to small loans since most Lenders were focusing on collateralized loans. Many times most of these Lenders unethically took the collateral of these borrowers. In 2018 after examining the informal lending industry, we also realized that many of the people who borrowed money from informal lenders often times never paid back and the lenders lost out. Some of the Lenders who had given friendly loans often lost out completely! In 2019, we decided to tackle this twin challenge of unethical lending and incredible borrowing by creating a platform for reliable peer-to-peer lending.

Stage Startup stage EST February 2019
Sectors Financial services
Location Kampala, Uganda
Markets Uganda
Customer model B2C
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