In Africa's poorly-developed markets, projects and economic growth are hampered by the lack of conveniently structured financing options. In western economies, leases help companies conduct activities with lesser capital outlay and cash flow, and improve balance sheet health by removing high-value assets and associated debt. Nuevva believes that Afrilease represents one way that more companies can start utilizing leasing on the continent.
Nuevva's Afrilease is a complete solution for manufacturers or suppliers that would like the flexibility of offering their products on lease terms. Instead of requiring that a customer pay in cash up front, Afrilease banks make that purchase. The vendor books the sale, and the customer pays the bank periodically as per the lease terms.