SEE ALSO :How SMEs can tap Big Four agenda to spur developmentCash flow became a serious problem. An initiative by Unilever East Africa, Mastercard and KCB Bank is revolutionising how shops and kiosks, commonly known as ‘dukas’ do business. The initiative combines sales history data from Unilever and analysis by KCB Bank, to provide a micro-credit eligibility recommendation by KCB Bank. Jaza Duka has enabled thousands of retailers to purchase goods on credit, interest free for up to 17 days. Since its launch in January, almost 18,000 stores in Kenya have already signed up for Jaza Duka, with a planned roll out to 30,000 stores by the end of 2019.

Source: Standard Digital April 17, 2019 21:11 UTC