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FAQ

Frequently Asked Questions

Why would a business owner prefer our product considering its 4.16% interest per month and maximum payment period is 8 months , what makes it unique?

The Common Good Foundation, understands business owner’s frustrations and challenges when it comes to raising capital for business growth, especially from traditional lenders.

Together with our all-season partner and financialbackers, we are the first and only Fintech platform in the Namibian market to have tailored a convenient product fit for every existing entrepreneur to access funding wherever and whenever they need it.

Our Loans are hustle free and has the fastest turnaround time, making business finance application real fast, quick and easy.

Instead of applicants travelling distances to banks with file of documents and then waiting for 2 more months and maybe not even getting the funding, our platform enables us to vet, approve, and fund applications within hours.

Through the @amo-omo platform, we provide funding within hours. There are no upfront payments required; no hidden costs; but flexible repayment (i.e. weekly or monthly).

We know business owners are busy, and that’s why our application processed fed by a sophisticated technology allows applicants to make use of our online application https://amoomo.com/start/

It should be known, in Namibia funding arena, it’s only us that offers early settlement discounts of up to 75%.

How much is @amo-omo platform able to approve per applicant?

N$100 000 to N$6 million is our range for loans to a business that has an affordability.

What is @amo-omo business model?

Fast Funding is our Moto! We make really fast decisions that support applicants’ business performance. This allows business owners to respond to every opportunity that comes their way while still managing their reserves. No red tape, no queues, no hassle, but a simple yes or no within hours of applying.

From @amo-omo past experience, is there a market for unsecured loans in Namibia?

The Common Good Foundation partnered with Anglo African Finance in 2017 to provide simple and quick finance to the SME Market in Namibia through Pollen Finance using the @amo-omo platform. To date, we have funded over N$3 billions worth in loans to local businesses.

Companies that have been in business for at least a year; with a minimum turnover of N$25,000.00 weekly and have proof of business premises (lease or own) can apply for unsecured short-term loans from the platform.

Since commencement of our funding products, we have run radio adverts in major stations, we also had a TV interview on NBC1.

Because of our privacy approach, we have repeat business. The response from the market has been overwhelming just from radio adverts and our website.

The interesting thing is, business owners don’t want to be seen borrowing money. The provisions of our online platform made application process easy and private.

Are you only limited to the Namibian market?

Whilst we wish we could assist everyone, we have an obligation towards our funders, to loan responsibily and having satisfied our due diligence. Thus, our current funding model has been tested and are active in Namibia and South Africa.

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