Read the latest news from our team
Delve into our team's latest updates, insights, and deep dives, showcasing the evolution and impact of our lending solution.
Simbuka’s Head of Growth Reflections: The burning topics in the boardroom of East African banks
Join insightful conversations with bank executives addressing challenges and growth strategies. Explore credit scoring model optimization, the in-house versus SAAS dilemma, and the transformative concept of straight-through loan processing. Gain valuable insights into the nuanced dynamics shaping the East African banking landscape, simplifying processes, adapting to digital transformations, and ensuring efficiency.
One Year In: Measuring the Success of the From Micro Giving to Micro Credit project
In our previous blog "From Micro giving to Micro credit: Simbuka's Role in Creating 1000+ Jobs in Uganda", we talked about a fantastic project that Simbuka started working on in August 2022. It's been a year since we began this important work, so it's a good moment to see what we've accomplished. It's worth noting that the project officially started in August of the previous year. However, right now, participants have finished only 28 weeks of the program, which is just a quarter of the total duration. The first few months were all about getting ready for the real action.
From Micro Giving to Micro Credit: Simbuka's Role in Creating 1100+ Jobs in Uganda
'From Micro Giving to Micro Credit' project, funded by the Challenge Fund for Youth Employment and driven by Simbuka in collaboration with 100WEEKS, Rabo Foundation, and AMFIU, is transforming the lives of young women. Through weekly cash support, training, savings groups, and micro-credit, the project aims to empower 600 young women, helping them become successful businesswomen. Simbuka's role is to facilitate inclusive banking, making loans accessible to those in rural areas. The impact goes beyond job creation, promising a brighter future for these women and their communities.
Empowering Tanzanian Banks: Simbuka's system integration with the Government
Simbuka's integration with the Tanzanian government marks a revolutionary shift in the banking sector, transforming how over 700,000 government employees access and manage loans. This initiative sets a new standard by digitizing the loan application process, ensuring greater efficiency and reduced operational costs. The move tackles existing challenges such as manual processing and insufficient risk assessment data, laying the groundwork for more responsible lending practices and improved financial inclusion. It represents a significant stride in Tanzania's journey towards a more modern and accessible lending system.
Unlocking the Power of Scorecards: A New Era in Credit Scoring
In the ever-evolving landscape of the banking and finance industry, staying ahead of the curve is not just a goal; it's a necessity. One of the most critical tools at the disposal of financial institutions is the scorecard. But what exactly is a scorecard, and why is it essential in credit scoring? In this blog, we'll delve into the world of scorecards, explore why traditional methods of creating them are no longer viable, and introduce you to a powerful solution that can revolutionize your credit scoring process.
Jump to the future with Advanced Lending Solutions
Discover Simbuka, an international force shaping the future of lending. Originating from the Netherlands in 2011 and now spanning 37 countries across five continents, we're here to redefine the lending landscape. Our name, derived from the Kinyarwanda term for 'leaping forward,' embodies our mission. Dive into our unique approach driven by core values of transparency, dedication, and authenticity. Uncover how we empower financial institutions with customizable solutions, and join us in reimagining the lending frontier.