01
One charge. The merchant sees the charge, the total and the APR before they accept.
Capital
An advance that the merchant repays from sales
The merchant gets an amount now. They repay it with a fixed share of each day's sales. The offer shows the charge, the total cost and the APR before they accept.
How the advance works
Four rules for every advance
02
Repayment is a fixed share of daily sales. A slow day means a smaller payment.
03
Early repayment carries no penalty. The merchant can repay in full at any time.
04
Each offer sets its own terms, from the merchant's sales history.
Sample
One advance, start to finish
This example uses sample numbers. Real offers depend on each merchant's sales and the lender's approved terms.
- Advance
- KES 450,000.00
- Charge
- KES 49,500.00
- Total to repay
- KES 499,500.00
- Repayment rate
- 10% of daily sales
- Average daily sales
- KES 38,420.00
- Average daily repayment
- KES 3,842.00
- Time to repay at this rate
- About 130 days
Sample, not a quote.
Repayment sources
Repayment from where the money comes in
Platform payouts
Core
The platform holds back the repayment share from each payout to the merchant. This is how every advance repays.
Mobile money till
Planned
The merchant links their till. A share of each day's till inflows repays the advance.
Bank account
Planned
The merchant links their business account. A share of each day's inflows repays the advance.
FAQ
Questions about the advance
Want to see the terms?
Ask us for the sample offer terms.
How is an advance different from bank credit?
There is no fixed monthly instalment and no collateral. The merchant repays a share of daily sales, so a slow day means a smaller payment. A licensed lender provides the advance, and its agreement shows the total cost and the APR.
What if sales stop?
Repayment is a share of sales, so the payment goes down when sales go down. Each offer also states a minimum amount to repay in each period. The merchant sees it before they accept.
Can a merchant repay early?
Yes, at any time and without a penalty. The lender's agreement shows how early repayment changes the total cost.
Can a merchant get a second advance?
Yes. When most of an advance is repaid, Gizo can make a new offer from the latest sales.
Who funds the advance?
Licensed partner lenders fund every advance. We will name them before launch.