How is your business helping to solve the health, social, or economic challenges created by COVID19?
Through our B2B business unit, we supply 200 MSMEs across Kenya with furniture making materials and trade credit. This sector has seen a significant drop in demand as a result of COVID-19, putting businesses with limited financial cushion at risk. We've been supporting our clients by adjusting credit terms and payment plans to their circumstances.Our B2C business unit has seen a significant uptick in our digital sales. We're seeking financing to work with local contract manufacturers to develop new product lines for distribution through these channels. We can match these suppliers with untapped demand to replace lost revenues and maintain employment.
Does your business contribute most to recovery, response, or resilience?
Recovery - we're positioned to support in the recovery of those directly affected.
What is the stage of your product development?
I have a market ready product/service. I have sold to customers.
What strengths does your team bring? Include skills and personal experience with the problem.
- Our customer facing team is drawn from the same demographic groups as our customers. The team understands our customers' needs and is motivated to leave them with a remarkable experience.- Our leadership team includes strong functional expertise in the areas needed for us to succeed - distribution, manufacturing, brand and product development, social marketing and finance.- The founders have led the organization since its founding six years ago. They have a deep understanding of the business, but also know when to hand over responsibilities when another leader can perform them better.- Our leadership team benefited from strong professional development early in their careers, and now pay that forward to their teams. This has built a deep bench of emerging young leaders, allowing us to grow on a strong foundation.- We have a company-wide execution framework in place, aligning our 220+ team to the company's vision and strategic objectives.
What countries do you operate in?
KenyaMauritius
Is your company headquartered in a US "Opportunity Zone"?
No