Inde Credit

Inde Credit aims to unlock the potential in local suppliers by helping them with working capital.

Inde Credit Company is a joint venture between Kukula Seed and Michael Kroupnik.

The company is established to provide much needed working capital to SMEs in the Copperbelt and NW Province. Many local SMEs struggle to permanently supply larger off-takers, hereunder the mines, as the payment terms are often long. Contracts are therefore lost to larger international companies with better financial backing.

Direct jobs: 8
Indirect jobs: 1,048
100 loans facilitated to local entrepreneurs in 2019

www.indecredit.com
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“Inde Credit made it possible for us to get the financing we needed to grow our business. The simple and transparent approach combined with fair conditions is not the norm in Zambia”

“We have been able to grow our business from 90 to 160 people within a couple of years and at the same time expand our business model into the transportation sector”

"I would most definitely use Inde Credit again if we need working capital. The facilities are easy to access, once you have a valid invoice, and you can get the invoice discount within days of the application“

Chengo Chintu, Site Manager, Transco