Problem Statement
"I survive on the daily profit. I need credit to buy more goods and make bigger profit to care for my family." - Iya Yetunde, retailer in Erejuwa, Bucknor, Lagos Island.
Retailers can only access 30% of their credit needs.
Solution
we aim to solve the distribution problems ignored by others.
SETA CREDIT provides more credit to retailers to buy more from distributors.
How it Works
- No Collateral Needed.
- No Banking History.
- No retailer App required.
- Simple & Straightforward.
- #50,000 to #500,000 Credit.
- One Week Recurring Credit.
- 1% Charge on credit given.
Market Opportunity
- Total Available Market
Total credit needed by 1.2 million retailers in Nigeria.
- Serviceable Available Market.
Credit needs of 360,000 retailers who have sales records with distributors.
- Serviceable Obtainable Market
Credit we plan to disburse to 180,000 retailers in 3 years.
Competitive Landscape
SETA CREDIT ADVANTAGES
Lending Partners
Credit Scoring System
based on sales history
Network
of FCMG distributors and retailers.