Asante To Provide Working Capital To Travel Agents

By Lynnet Okumu / Published August 30, 2022 | 10:11 am

KEY POINTS

Through a product dubbed ‘Biashara Wallet,’ the two companies believe that providing working capital financing to Non-IATA Travel agents will enable them to grow their customer base and improve the level of their service delivery.

The product is accessible on Asante Pronto App.

KEY TAKEAWAYS

Asante Financial Group continues to establish strategic partnerships with leading corporates towards the extension of digital financial services to the MSMEs in their ecosystems.

Asante Financial Group and Kenya Airways Ltd (KQ) have entered a partnership to provide travel agents with quick access to Working Capital for ticket issuance.

The product is accessible on Asante Pronto App.

Asante Financial Group continues to establish strategic partnerships with leading corporates towards the extension of digital financial services to the MSMEs in their ecosystems.

A recap of the @KenyaAirways NDC training, where we had the opportunity to speak to some of the Non-IATA travel agents about Biashara Wallet.
KQ and Asante FSG will, through Biashara Wallet, provide travel agents with quick access to Working Capital for ticket issuance. pic.twitter.com/UFBOD3eqiy

— Asante Financial Services Group (@group_asante) August 24, 2022

With aim of helping them meet their potential, the financial group has been providing its customers with innovative financial solutions and exceptional customer experiences that are targeted toward seeing them excel in the industries that they serve.

Apart from the Biashara Wallet, the group has recognized the need to support these Micro and Small Enterprises to access the help they need to achieve their business goals through other tailored products such as the Bloom Loan.

This is a simple solution to meet the merchant’s immediate capital needs. Bloom Loan gives customers quick financing solutions for their expansion, working capital, and operational needs. It is tailor-made for Safaricom Lipa Na M-Pesa merchants, making it easy for them to access fast and convenient credit for their businesses for up to 200,000 shillings.

The group also has a new loan product known as Shujaa Business Loan that is set to take businesses to the next level.

Shujaa Business Loan is a loan specifically tailored for Jumia Kenya vendors to help scale their online stores. All active Jumia Kenya vendors are eligible to get this product to help them invest in their businesses

Asante’s other financial products for MSMEs include partnerships to empower eCommerce merchants and smartphone financing.

It is currently piloting other products in its Business Lending Platform to further extend and benchmark its lending services to small business owners and individuals in Kenya, Uganda, Nigeria, and Rwanda.