MSMEs are the backbone of the African financial ecosystem, they do however, often face challenges when it comes to accessing the capital they need to grow. At Asante Financial Services Group, we are dedicated to empowering these businesses. Here is the success story of one of our valued partners, Maurice Nsengimana of Lucky Shopping Drinks Ltd in Kicukiro-Gatenga, who utilizes Ongera Stock as a financing solution – a product born from our partnership with SRDS in Rwanda!
Challenges faced by Maurice before Ongera Stock:
Before partnering with Asante Financial Services Group, Lucky Shopping Drinks Ltd, owned and operated by Maurice Nsengimana, faced a common yet significant challenge that many business owners encounter – a lack of sufficient capital to buy the products needed for their shop. Maurice, a dedicated and hardworking entrepreneur, was often forced to limit the variety and quantity of products available due to financial constraints. This not only affected sales but also caused customers to miss out on certain items, prompting them to seek those products elsewhere. The result? A drop in income and loss of potential customers.
The impact of Ongera Stock on Lucky Shopping Drinks Ltd was nothing short of remarkable:
Increased Sales and Profit: By availing Ongera Stock, Lucky Shopping Drinks Ltd increased its stock and sales value by 50%, resulting in a notable boost in sales volume and earned profit.
Customer Retention: One of the most significant positive outcomes was the retention of customers. Those who used to miss out on certain products now found them readily available at Lucky Shopping Drinks Ltd, contributing to higher customer satisfaction and loyalty.
Unique Features of Ongera Stock as a loan facility:
One standout feature of Ongera Stock is the reasonable interest rate. Maurice Nsengimana noted that when he compared the interest amount paid for a loan with the revenue generated, the margin was impressive. This not only encouraged him to continue using Ongera Stock financing but also instilled confidence in its effectiveness.
A Word of Encouragement from Maurice: Empower Your Business with Asante:
Maurice Nsengimana’s journey with Asante Financial Services Group serves as an inspiration for other business owners. As Maurice puts it, “I strongly encourage my fellow vendors to work with Asante because there are numerous advantages. When you want to invest your own money in your personal affairs, like paying rent, home supplies, paying school fees, etc., Asante’s loan – Ongera Stock can be used to keep your business running. The loan facility is easy to get, and you don’t have to physically leave your business; all you have to do is apply through your smartphone mobile app- Pronto.”
The success story of Lucky Shopping Drinks Ltd and Maurice Nsengimana is a testament to the power of financial empowerment. We at Asante Financial Services Group are committed to supporting small and medium-sized enterprises with innovative solutions like Ongera Stock. We believe that every business has the potential to thrive, and with the right tools and support, they can achieve remarkable success. If you’re a business owner in need of financial support, don’t hesitate to explore what Asante Financial Services Group can offer you.
Join Asante Financial Services Group on this incredible journey of financial empowerment and growth as we continue to unlock business potentials across Africa!