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Working capital for African micro businesses
Numida provides working capital loans to African micro businesses. Instead of borrowing from informal lenders or family, micro business owners download the Numida app, apply in minutes, and receive capital within a day. We have figured out how to score and disburse unsecured loans to cash-based businesses that have no digital transaction history, while maintaining excellent collection rates. Since 2021 we have provided $23M in working capital to 32,000 businesses in East Africa.
Numida provides short-term business loans to African micro businesses, offering rapid financing to bridge working capital needs. The service emphasizes fast access (within 24 hours) and products tailored to small-business cash flow, with applications via app or website.
Apply for a business loan up to UGX 30 million by downloading the Numida app or applying on the website, uploading a photo of your National ID, and sharing basic details about your business. Loans are disbursed within 24 hours after submission, with terms that align to the business cycle.
Who it’s for: Micro and small business owners in Africa seeking working capital and rapid financing to grow operations
Customer testimonials, regulatory licenses/registrations listed, multiple contact channels, 2025/2026 copyright notes
Co-Founder and CEO of Numida. I'm a two time founder and along with Numida's CTO I previously worked on another lending company in Ghana that failed. I'm Egyptian and Canadian and have lived and worked in Uganda, Ghana, Zambia and Colombia. I fundamentally believe that the growth of micro and small businesses in Africa is the key to economic prosperity for hundreds of millions of people!
Co-founder and COO of Numida. I have lived and worked in Uganda, Rwanda, Burkina Faso, Mali, Haiti and Colombia for 8+ years figuring out how to build teams, build robust processes, and get things done in challenging environments. I hold an MPA/ID from the Harvard Kennedy School and graduated in Systems Design Engineering from the University of Waterloo. As a French Canadian, I always welcome the opportunity to work or connect in my mother tongue.
Group Financing for small businesses across Africa.
Digitizing and processing Microtransactions in Africa
