Uganda's first and only Tier 4 Money Lending network application
We are constantly looking for ways to make our lives easier and safer, and Finablr is the App that nails it. Until now, people seeking professional and transparent services from Money Lenders have had no designated service center and more often than not have ended up in the hands of ‘sharks’ as we are commonly referred to. Enabling Finance now brings to you your ultimate solution; Finablr- a growing network application that brings together diligent borrowers and professional Money Lenders in a mutually beneficial and safer credit environment.
Enabling Finance Ltd is a registered company operating under the Uganda Micro-finance Regulatory Authority (UMRA) license in the business of money lending under the Tier IV Financiers. With operations dating as far back as 2014 even before our incorporation, Enabling Finance Ltd or EFL as we are commonly referred to has, by embracing Fintech solutions, set out to provide in a unique thoughtful style micro-credit finance services that are more than just about the transaction face value but rather life changing and impactful as many of our past clients would attest to.
EXCLUSIVE BENEFITS TO LENDERS & BORROWERS
Finablr is just what you’ve been looking for-a new, industry leading Network Application that breathes new life and feeling of safety in Uganda's Tier IV credit environment both for the borrowers and lenders delivered through an easy-to-use platform that provides a number of special benefits exclusive to the esteemed users.
We love MSME's/businesses and therefore would like to put the knowledge we have amassed over the years serving in the small business economy of Uganda to the benefit of fellow MSME's and individuals. Our process involves an assessment of businesses/individuals seeking credit and generation of recommendations to better their systems of operation and get 'credit finance-ready'
The client uses the ‘Borrow’ feature to make a loan request at his/her desired interest rate and loan period and this request is pushed out to all lenders on the Finablr network.
This function allows a lender to track his/her closed (past), present (active) and delinquent (overdue) loans through an assortment of key information. A borrower is able to find the same under ‘My borrowings’ under ‘Account’
This section provides storage for the user’s personal information such as name, registered email address, designated payment account details, registered securities and the loanable value, user system ratings among others.
Clients who are registered as lenders on the Finablr network use this feature to view and accept various loan requests thus initiating the disbursement process.
This feature allows gives users a medium to receive various communications and transaction notifications from EFL.
Under this section, a user is able to find relevant guidelines on how to use and understand the operation and applications of the system.
INTEREST DETERMINED BY BORROWER
Unlike any other credit system on the lands, with Finablr, interest negotiations are initiated by the borrower. You have the opportunity to let the lenders know what you can manage.
COLLATERAL SAFEGUARDED BY EFL
Because we know that safety of borrower collateral has always been an issue of contention in the Money Lending environment, with Finablr, this has been taken care of as collaterals are left in EFL custody on behalf of the lender and borrower.
Finablr is more than just a ‘Finance Enabler’ but rather a growing network of like-minded consumers of financial service. A space to thrive for all with interest in making a contribution to Uganda and Africa’s finance sector. Members shall soon have the opportunity of being invited to various finance network seminars, conferences, gatherings among other networking opportunities which shall present opportunity for knowledge accumulation.
SOURCE OF INCOME FOR ANYONE
Through Finablr, we create an alternative investment vehicle not only for registered money lenders but also private investors with ambitions for registering into Money lenders. Everyone is a winner with Finablr.
SIMPLE ORGANISED TRANSPARENT SYSTEM
Because of its smart and neat design that ensures users have within ease of reach all information relevant for smooth running of their lending and borrowing ventures, the Finablr system is a perfect tool for any Money Lender or borrower out there that prefers to focus more on the art of the trade.
LENDER HAS ZERO COLLATERAL-LIABILITY
Not only do we allow borrowers the peace of mind in knowing their collateral is safe but also do we relieve lenders from the burden, expense and risk that comes with safeguarding borrower collateral. We provide guaranteed protection for all collateral in our custody.
HUSTLE-FREE LENDER EXPERIENCE
The loan process can be a very hectic and time consuming once right from the borrower application process to assessment to collateral appraisal to the legal work before finally disbursing. Well, with Finablr, lenders don’t have to worry about that but rather just let EFL do all the hard work and share with you the key information.
INTEGRATED PAYMENT SYSTEMS
Because we know that we are living in a fast-paced world where convenience is key and technology has proven to provide this best. This is why we ensured to have integrated into our system, payments solutions that allow users the ability to transact remotely through Mobile money, Airtel Money and VISA with even more and cheaper solutions in the pipeline.