Cisco Capital introduces low rate financing programme for SA SMEs

Financing solutions provider Cisco Capital recently launched its Easylease Low Rate Financing programme in South Africa, which it says is in line with the multinational IT giant’s commitment to help SMEs access new-generation technologies.

Through a series of monthly repayments, the Easylease programme seeks to help small businesses finance their networking solutions, manage cash flows and take advantage of new Cisco technologies. It also offers a 12-month interest-free repayment option.

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“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,” Cisco Capital’s president Kristine Snow said in a press statement.

A first for Africa, the programme is currently available in the UK, Ireland, Germany, France and a host of other European countries.

According to Colleen Fynn, Cisco Capital’s financial solutions manager for South Africa, more and more local SMEs are understanding the impact that tech can have on their operations, but are constrained because of budget issues:

“With the SMB 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.”

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Cisco Capital says that its vision is aligned with that of South Africa’s National Development Plan, which hopes to boost employment opportunities to 90% by 2030, among other ambitious goals. The US-based company noted that investing in new and relevant technologies would help ensure that SMEs remain competitive and one of the pivotal sectors driving economic growth.

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