Kuba aims to build sustainable micro-enterprises by bridging the gap between socio-economically marginalised communities and local economic hubs.
Due to procurement policies and formalised contracting, small to informal enterprises, who often have the necessary skills and experience to compete in the formal economy, lack the access and visibility to receive substantial contracts and jobs. They often lack administrative and support services such as invoicing and project management tools. These are growth limiting factors for them in a competitive and ever-changing market. As such, these businesses are often relegated to the informal market.
Kuba addresses this challenge by using smart tech to simplify trading between the formal and informal markets. Our platform provides free quoting and invoicing tools and facilitates the entire transaction, from finding a suitable supplier to processing the payment through an accredited payment gateway to ensure maximum safety and transparency. The platform also serves as a supply chain management tool for big companies that want to work with small businesses to efficiently manage their decentralised procurement needs.
Our process to formalise informal enterprises and give them access to tools needed to simplify how they trade as well as access to markets, results in more revenue for the businesses. The enterprise owners employ more people and invest back into their communities.