Numida is a rapidly growing digital microfinance institution (MFI) in East Africa focused on serving micro- and small businesses (MSBs). Thanks to their proprietary technology and credit processes, they provide growth and working capital to verified MSBs, resulting in high portfolio yields and a high impact on their borrowers’ livelihoods.

Through the Numida mobile app, small business owners can apply for convenient and unsecured shortterm business loans by digitally submitting evidence of business ownership and business activity. A proprietary due diligence process, combining machine validation and human review, allows a first lending decision to be made in less than 72 hours. The principal is disbursed digitally via mobile money.

Their borrowers then begin reporting their daily financials (sales, expenses, stock purchases) while paying off their loan and tracking their next loan limit. Most subsequent loans are disbursed automatically.