Solihin owns a small shop in Serang City, Indonesia, that sells food, drinks, and household products. In Indonesia, small merchants often struggle to keep their stores well stocked, as they lack the cash to buy inventory. To fill his store shelves with a wide range of products and boost his sales, Solihin uses Fairbanc’s embedded finance platform, which provides inventory financing to mom-and-pop shops. “It really helps because it allows us to have more products in stock,” says Solihin. “We can pay our employees because we sell more products, which increases our revenue.”
Accion Venture Lab invests in inclusive fintechs like Fairbanc that enable business owners like Solihin to improve their livelihoods by providing credit needed to increase their product range and boost sales. See how Fairbanc’s platform is making a difference for Indonesian small businesses.