Quick loans for sustainable projects
The OVO Acceleration Fund provides affordable, tailor-made loans to African start-ups with a sustainable impact. Not donations, in other words, but repayable funds that entrepreneurs need to realise their ambitious growth.
The goal? To help African entrepreneurs do even better. Good ideas cannot always wait long for money. Sometimes the opportunity is over before the recruitment process is complete. Through the OVO Acceleration Fund, entrepreneurs can quickly borrow a limited amount of money. When the social loan is paid off, the sum ends up back in the fund for new projects of new enterprises. In this way, OVO can ensure sustainable impact. Thanks in part to this approach, OVO won the 'European Business Award for the Evironment'.