Business
RTO and Davis & Shirtliff Partnership
We are pleased to announce that we have partnered with Davis & Shirtliff, the leader in water and energy solutions to provide the option of Hire Purchase for any equipment you may require. Currently the facility is available at their Chachacha and Lumumba Branches….what are you waiting for!! Visit the store today and own your dream!!!
Business
PIONEER IN PRODUCTIVE-USE ASSET FINANCING RENT TO OWN SEED ROUND
Zambia-based pioneer in productive-use asset financing Rent to Own (RTO) has successfully completed a seed round of 1.05 million USD in equity. The round was led by shareholder AHL Venture Partners, who significantly increased its investment, and supported by Small Foundation and Jordan Engineering (via Serenity Investments). Rent to Own provides high-impact assets to small scale-entrepreneurs and smallholder farmers in rural Zambia. Offering a unique “all-in-one” package of uncollateralized financing, delivery, installation, and equipment training, Read more…
Uncategorized
Rent to Own boosting agricultural growth with smallholder farmers in Zambia
(Original article posted on afterblixen blogs) Zambia, a landlocked country in southern Africa bordered by the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana, Namibia to the south and Angola to the west, has a population of roughly 15.5 million and ranks a 139 out of 188 in the recently published Human Development Index for 2015 (UNDP). The country was for many years the world’s Read more…
Updates
Rent-to-Own Featured in Forbes Article
Rent-to-Own was recently featured in an article on Forbes.com. The article submitted by Ashoka, highlights Engineers Without Borders Canada, and their support for “Smart Ventures” such as Rent-to-Own. “As part of EWB’s poverty alleviation efforts, trained engineers collaborate with social entrepreneurs working on the ground to make a difference in their communities. Many of these entrepreneurs are beyond the initial start-up phase, but have not yet reached a point where they can scale-up and attract Read more…
Updates
Featured Blog Post – Business Innovation Facility
A post by RtO’s Mark Hemsworth was recently featured on ‘The Practioner Hub’ blog of the Business Innovation Facility website. Click here to view the post entitled “Catering to the Asset Financing Needs of Small Holders”.
Updates
RtO Staff Meet in Lusaka
The Rent-to-Own team recently met to lay the foundation for our next phase of growth. It was great to have all of our staff members present, sharing their current challenges, and sharing in the vision for our next year. For many of our field-based staff, it was the first time they were able to meet face-to-face with staff from other regions. The team is excited to build on the successes of the past year and Read more…
Updates
RtO Begins Using Zoona Mobile Payment System
Rent-to-Own is pleased to announce that we have begun using Zoona to process payments from our clients. The Zoona system allows our field officers to instantly process payments using their android-based phones. Not only does Zoona allow for quick and easy payment processing for our field officers (instead of having to hold onto cash for extended periods of time before travelling to the nearest bank), but it provides our clients with added payment security as they Read more…
Updates
Rent-to-Own Featured in Canadian Media
In a recent article published in Canada’s National Post about Engineers Without Borders (EWB) Canada, Rent-to-Own was highlighted as a successful new company working towards helping rural Zambians become self-sufficient entrepreneurs. See the full article here.
Updates
Lundin for Africa Invests in Rent-to-Own
Lundin Foundation has placed a $ 175,000 combined equity and debt investment in Rent-to-Own. Importantly, LFA has committed as a lead investor for the next 4 years. Lundin for Africa (LFA) is the philanthropic arm of the Lundin group of companies. The Foundation embodies the the entreprenerial roots of the Lundin family by investing finances and technical assistance into small businesses in Africa that have demonstrated high potential for impact and growth. This is an Read more…