Cisco Capital launches low-rate financing for SA SMEs

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Cisco Capital has launched easylease, a low-rate financing programme, in South Africa, in a bid to help small and medium enterprises (SMEs) invest in next generation technology.

easylease is designed to assist SMEs in adopting state-of-the-art technology with minimal investment and maximum convenience, with Cisco Capital saying it was in line with South Africa’s National Development Plan (NDP).

The company said it was crucial for SMEs to invest in new and relevant technology to ensure they remain competitive, something easylease would allow them to do through monthly repayments.

The financing programme, according to Cisco, puts its Cisco technology within reach of more small businesses, enabling them to equip their workforces with the latest ICTs to improve productivity.

“As an integral part of Cisco’s total solution, Cisco Capital is uniquely positioned to find the most competitive and flexible financing solutions for our South African customers,” said Kristine A. Snow, president of Cisco Capital.

“Some of the primary challenges SMEs face includes a tough economic environment, financial constraints, and employing and retaining a skilled workforce. Through easylease, we enable customers to acquire their desired Cisco solution so that they may enjoy the benefits that the technology brings to their business; all while reducing total cost of ownership.”

Colleen Fynn, Cisco Capital financial solutions manager for South Africa, said SMEs in the country understand the critical impact technology can have on their businesses, but too often face cost restraints from purchasing such solutions. easylease removes these constraints with a 12-month interest-free repayment option.

“With the SME sector set as a key growth and employment providing opportunity for South Africa, Cisco Capital is enabling many more businesses to make the vital investment in technology they will need to thrive in the digital age,” she said.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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