Erick Makokha

4G Capital

4G Capital has supported micro-enterprises in Africa since 2013, providing financial literacy training with working capital loans to help small businesses grow sustainably. 4G Capital clients receive a bespoke programme of business training to help them use micro-loans to achieve much higher take-home earnings. 4G Capital's proprietorial machine learning technology delivers high fidelity insights from traditionally data dark sectors. We design scalable credit products and services optimized for clients' business risks, timescales and affordability. Training is delivered via mobile apps and face-to-face outreach. Using only mobile money, loans are accessed in under two minutes with either smart or feature phones. Our Story 4G Capital seeks to address the Finance Gap across Africa. This stands at over $19 billion for Micro and SMEs in Kenya alone (source: IFC), even though this important segment accounts for over 30% of GDP. It is almost impossible for these companies to access credit without high collateral and data requirements. Over 30% of small businesses fail due to lack of funding. 4G Capital consistently achieves very high collections rates without collateral or refinancing its clients, by only lending to viable businesses on terms that are right for them. 4G Capital has impacted over 1.8 million people by the start of 2022. With operations in Kenya and Uganda, and having received multiple industry awards, 4G Capital is now scaling across the continent and expanding its suite of products and services as Africa's Fastest Fintech. Key achievements to date: · >94% collection rates without refinancing clients · Net Promoter Score 83 · Clients increase revenues by average 82% · 81% Women Customers · 84% Repeat Customers · 77% Rural Clients · 94% Increased financial literacy · $213m worth of loans to date · 133 locations in Kenya and Uganda combined