The African marketplace has long been the backbone of commerce across the continent. From the bustling markets of Nairobi to the vibrant stalls of Lagos, millions of merchants and customers engage in daily transactions that keep economies moving.
However, one persistent challenge has been the gap between when customers need goods and when they have the cash to pay. This is where Kopaduka steps in.
The Problem We're Solving
Traditional credit systems have largely bypassed informal marketplaces. Banks require extensive documentation, collateral, and credit histories that most marketplace merchants and customers simply don't have. This leaves a massive underserved population.
Our Solution
Kopaduka provides a simple, mobile-first platform that enables merchants to offer credit to their trusted customers. Here's how it works:
- Easy Registration: Merchants sign up in minutes using just their phone number
- Customer Linking: Add customers and set personalized credit limits
- Credit Sales: Record purchases on credit with automatic tracking
- Mobile Payments: Customers pay back via KCB M-Pesa or bank transfer
The Impact
Since our launch, we've seen remarkable results:
- Over 10,000 merchants now use our platform
- More than KES 2 billion in credit has been facilitated
- Our collection rate stands at an impressive 98%
- Merchants report an average 40% increase in sales
Looking Ahead
We're just getting started. Our roadmap includes expansion to more African markets, enhanced credit scoring using AI, and deeper integration with mobile money platforms across the continent.
Join us in transforming African commerce, one transaction at a time.