One Credit, a consumer finance company based in Nigeria; Premier Kenya, a financial services provider based in Kenya; and Mão Solidária Microfinança, a microfinance institution based in Angola, recently became customers of Mambu, a provider of web-based software designed for microfinance institutions.
One Credit offers loans up to NGN 500,000 (USD 3,081) for three to 12 months. Customers need to have a minimum income of NGN 47,000 (USD 289) per month to qualify. No further financial information on the company is available, and no financial information is available on Premier Kenya or Mão Solidária. Mambu, which is located in Berlin, Germany, serves 70 MFIs in 20 countries. The company also has offices in London, England; Lausanne, Switzerland; and Iasi, Romania.
By Juan Blanco, Research Associate
About Mambu
Mambu is a web-based software application for microfinance institutions (MFIs). It provides functionality such as portfolio management, client tracking, transaction auditing and reporting. Mambu, which is located in Berlin, Germany, serves 70 MFIs in 20 countries reaching 200,000 clients. The company also has offices in London, England; Lausanne, Switzerland; and Iasi, Romania.
Sources and Additional Resources
[1] Mambu, “Three African Financial Startups Launch On Mambu,” by Ruth Brown, May 13, 2014, http://www.mambu.com/en/three-new-african-financial-banks-launch-cloud-platform-mambu-71.html
MicroCapital Story, April 17, 2014, “Macedonia-based Aspekt to Supply Microfinance Software to Georgia-based Microlender Credit Plus,” https://www.microcapital.org/microcapital-brief-macedonia-based-aspekt-to-supply-microfinance-software-to-georgia-based-microlender-credit-plus/
MicroCapital Story, February 22, 2013, “Runa, Point Nine, Kizoo Place $2m in Equity in Microfinance Software Provider Mambu,” https://www.microcapital.org/microcapital-brief-runa-point-nine-kizoo-place-2m-in-equity-in-microfinance-software-provider-mambu/
MicroCapital Story, October 16, 2011, “Mambu Online Software-as-a-Service Management Information System (MIS) for Microfinance Institutions Releases Latest Version, Remains Free To Small Lenders,” https://www.microcapital.org/microcapital-brief-mambu-online-software-as-a-service-management-information-system-mis-for-microfinance-institutions-releases-latest-version-remains-free-to-small-lenders/
MicroCapital Universe Profile: Mambu, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Mambu
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