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mPEX News Update from Clive Lightfoot and David Kayondo

mPEX News Update from Clive Lightfoot and David Kayondo after their recent visit to Kenya and Uganda.

An Experienced SME Client Base for mPEX

After meetings with Clive and David, ten of our experienced SMEs have agreed to participate in our pilot project using the mPEX/TSS mobile app, with local banks providing working capital for their TSS operations. New Software-as-a-Service licence agreements have been negotiated for signature. These are the SMEs and the areas where they are based:
• AgriNet Uganda Limited (Paul Nyende and Jacinta Namubiru) - Tororo
• Kyere Construction & Supplies Enterprise (Engineer Opio) - Soroti
• Cherish Agro Limited (Tonny Okech) - Lira
• Bonde Soko Services (Moses Gichuru) - Nakuru
• Farmways Limited (Abisai Nandi) - Kisumu
• Dashcrop Limited (Caroline Alango) - Homa Bay
• Deby Green Ventures Limited (Beatrice Obara) - Kisumu
• Ruralnet Limited (James Kanyi) - Nyeri
• Fair Trade Enterprises Ltd (James Weru) - Nairobi
• Tanzania Biashara Mapema (Bahat Tweve) - Mufindi

Our SMEs will bring a wealth of experience in operating the mPEX/TSS business model and operations to the new SMEs joining mPEX to participate in the pilot project. Their experience will greatly enrich the peer exchange learning between all SMEs engaged in the pilot.

New Development Partners for mPEX

We have started the process of drafting MOUs with the following development partners to support the pilot:
• David Ruchiu. Africa Director, Farm Concern International.
• Patrick Mwangi. CEO, Micro & Small Enterprise Authority, Kenya.
• Basil Ajer. Director SME Division, Uganda Investment Authority.
• Charles Ocici. Executive Director, Enterprise Uganda.
• Unice Wekesa. National Chairperson, Uganda Small Scale Industries Association.

These partners are keen for the SMEs that they support to participate in the pilot project. They are also interested to work with us to develop a business support system that will build the capacity of farmer groups to develop micro and small enterprises, so they can access working capital using our mobile app. Thus, ensuring a steady flow of new SMEs to mPEX.

Interest in mPEX from Finance Partners

Following meetings with Deutsche Bank at the AFSIC Summit in London last May, we have moved quickly to secure the interest of three finance partners to engage in the pilot as follows: Jamii Bora Bank in Kenya, DFCU bank in Uganda, and Centenary Rural Development Bank in Uganda. Negotiations are underway to develop MOUs with them for a pilot project. All our finance partners will be identifying SMEs (from their current client lists) to participate in our pilot.

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