4G Capital Group celebrated its one-millionth micro-enterprise loan since the inception of the company. News of the milestone comes two months after the company announced a Ksh 285 million Strategic partnership with Citi bank to expand access to finances for over 25,000 small businesses.
The seven-year-old company that offers working capital credit, financial literacy, and training has provided over a million loans worth $117 million.
READ: Citi Bank and 4G Capital Ink a Ksh 285Mn Deal to Boost MSMEs’ Working Capital
4G celebrated the milestone by giving Elizabeth Njeri Karimi, the recipient, a new glass-fronted fridge worth $400 thank you gift.
Speaking on the milestones, founder and CEO Wayne Hennessy-Barret said,
“A personal ‘thank you’ to Elizabeth Njeri Karimu and all our wonderful clients from all the 4G Capital family – together we have reached a fantastic milestone on our journey to build a better economic future. We are dedicated to helping our clients grow their businesses with capital and knowledge and to play our part in Africa’s incredible growth story“.
Before joining 4G Capital, Elizabeth had challenges maintaining minimum stock levels. Further, the lack of savings did not offer her the luxury of accessing credit from a traditional bank or other credit lines. 4G Capital provided her with working capital and training to grow her business. So far, she has accessed eight small enterprise loans, which have enabled her to grow her revenues, set higher business targets, and surpass them.
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