Boost retail sales with home improvement financing 

In today’s tough economic climate, consumers have limited disposable income, and hardware and building retailers face stiff competition. Despite this, home renovations to improve living standards remain essential for many households.

Kanga Finance, a subsidiary of Genfin Holdings, offers innovative financial solutions designed
to make home improvements affordable and accessible for a broad range of consumers and thereby also increases retail sales for partners. With a proven track record of partnering with over 700 hardware retailers nationally, Kanga Finance provides solutions that not only empower consumers, but also offer significant advantages to retailers.

WHY PARTNER WITH KANGA FINANCE?

FLEXIBLE OPTIONS BASED ON YOUR SPECIFIC NEEDS

Kanga Finance can implement a seamless digital presence using QR codes and marketing banners or have an in-store credit salesperson model.

Digital model benefits include:
a. Increased accessibility: Customers can easily scan QR codes placed strategically around the store to access Kanga Finance’s credit options, enabling quick and convenient applications on their smartphones.

b. Minimal disruption: This solution ensures that the store’s operations remain unaffected while providing a valuable service to customers.

c. Quick implementation: This solution can be implemented in a very short time, with Kanga Finance doing the processing in the background.

For retailers who prefer a more hands-on approach, Kanga Finance offers the in-store credit salesperson model. This model involves the retailer placing a knowledgeable credit salesperson within the store to engage with customers directly, explaining the benefits of incremental housing finance and upselling where possible.

In-store credit salesperson model benefits include:
a. Personalised service: Customers receive face-to-face guidance and support, enhancing their understanding and confidence in utilising Kanga Finance’s solutions.

b. Opportunity for upselling: The credit salesperson can identify potential for upselling from cash to credit sales, increasing the overall transaction value and moving higher-end products out of the store.

c. Immediate assistance: Customers get immediate answers to their questions, facilitating quicker decision-making and boosting sales.

d. Kanga Finance commission: The credit salesperson will earn commission from their credit sales, which results in increased retail sales, but not additional overhead expenses.

ACCESS TO A WIDER AUDIENCE AND THEREFORE EXPANDING YOUR MARKET REACH

By offering financing options across a wide range of LSM (Living Standards Measure) groups, from low to high end, Kanga Finance helps retailers attract a broader customer base and enhance their sales potential. We provide solutions for segments not catered for by traditional banks, such as offers for SASSA Pensioners, enabling them to undertake essential maintenance and repairs. This focus ensures even those on fixed incomes can improve their living standards.

INCREMENTAL FINANCE

Kanga Finance specialises in incremental housing finance for consumers who cannot afford traditional home renovation loans. This model allows customers to start with what they can afford and top up as they repay the loan, significantly reducing the time needed to complete a home improvement project.

STRATEGIC PARTNERSHIP

Kanga Finance is a strategic partner, helping retailers tap into new markets by creating affordability for superior products. This partnership can transform how retailers think about credit, especially in a tight economy, and open up new customer segments.

Benefits for retailers

• Increased sales, by providing credit to consumers and allowing them to buy higher value items and pay off in affordable instalments.
• Guaranteed cash flow, with daily payouts into your bank account, reducing financial strain and ensuring smooth operations.
• Streamlined processes, with an easy application process for consumers and tailored back-end financial processes.
• Support, from a customer services call centre, a dedicated merchant support team, and a training department.
• Analytics, by sharing insights about your credit sales and regional trends.
• Marketing support, via direct consumer marketing, in-store material, ad hoc activations, and other initiatives.

JOIN THE KANGA FINANCE FAMILY TODAY!

“Changing houses into homes” is more than just a motto for us; it’s a mission that Kanga Finance is committed to achieving, one partnership at a time. Join the Kanga Finance family today.

For more information, contact Kanga Finance, Call: 0860-00-30-30 | Email: merchantsupport@kanga.co.za Join us in building stronger families and better futures for all South Africans.