Konga rolls out loans to merchants ahead of Yakata 2019

Must Read

Lagos State Government bans Okadas, Tricyles, including Opay, Gokada

…Restricts Their Operations On 50 Highways, Bridges Lagos State Government on Monday wielded the big stick against the menace of...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

Reckitt Benckiser donates £5.5 million to combat Coronavirus

Reckitt Benckiser (RB) and Mead Johnson donate RMB 50 million (£5.5 million) in cash & antibacterial products to combat...
- Advertisement -
- Advertisement -

Foremost e-Commerce giants Konga has taken a step further towards making the 2019 edition of its Yakata sales an unforgettable experience for its customers. To this effect, Konga has made available soft loans and credit facilities for merchants on the Konga Marketplace.

Konga Yakata –  as Konga’s Black Friday sales are known –  is widely regarded as the biggest sales event in Nigeria’s annual shopping calendar. The sales extravaganza occupies a special place in the consciousness of millions of Nigerian shoppers, many of whom look forward with eagerness to its commencement.

By extending soft loans to the merchants on its platform, Konga is hopeful of equipping the merchants with the capacity to grow their business and make more products available to shoppers ahead of the 2019 edition of Konga Yakata.

“Konga Yakata is around the corner and our intention is to make it the best ever in the history of the company for our customers,” disclosed Co-CEO, Prince Nnamdi Ekeh. “For all of us at Konga, nothing comes in the way of ensuring our customers are satisfied. This is why we have taken the uncommon step of providing credit facilities to merchants on the Konga platform in preparation for Konga Yakata 2019.”

Read:  WHAT'S NEXT IN E-COMMERCE?

“We understand that our customers will be looking forward to the widest assortment of genuine products across multiple categories on Konga. This is why we are committing significant funds into expanding the carrying capacity of our merchants for the sales fiesta.

Read:  Konga Appreciates Customers For Successful Yakata, Announces New Dates

“No other sales event comes close to Konga Yakata. Therefore, it is only fitting that Management has decided to go all out and make it a memorable one for our teeming customers,” Ekeh enthused.  

Indeed, access to loans and credit facilities one of the encumbrances that have constantly hobbled businesses in Nigeria in their attempts to scale. This remains a huge challenge for most small business owners who have limited access to credit facilities and loans with favourable interest rates.

Read:  The Acquisition of a Major Nigerian e-Commerce Player will be a Cautionary Tale for Investors

This point is not lost on the management of Konga – Nigeria’s only omni-channel retail platform – which under its new owners, has achieved remarkable growth and expansion, setting it on the path of profitability.

“We have partnered with Simple-Fi to make these loans available at very low and convenient interest rates of 2.08% only. Merchants on the Konga platform can also take advantage of flexible repayment plans,” Ekeh concluded.

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Google opens first Google Developers Space in Lagos (Photos)

28 January 2020 - Today, Google launched its first Google Developers Space in Lagos, Nigeria. Previously referred to...

Union Bank Announces Planned Divestment of its UK Subsidiary

LAGOS, NIGERIA – January 28, 2020 – Union Bank of Nigeria Plc. (“Union Bank”) today announced that it has entered a share sale and...

Konga Travel: Here is the best time to travel for pregnant women

Konga Travel and Tours, a 21st century lifestyle travel booking agency, has disclosed the best time to travel for pregnant women and intending mothers. According...

Ikeja Electric records reduced ATC&C, improved sustainable power in 2019

…commits to improving service delivery in 2020 Lagos, Nigeria; 28th January 2020: Despite challenges that characterized the power sector in 2019, Ikeja Electric Plc (IE), Nigeria’s...

More Articles Like This