According to Jumia, the average loan size was $2,217, where some of the sellers, who are small medium enterprises , often find it difficult to access loans in Africa.
The firm disclosed that it reduces reverse shipments by allowing certain qualifying customers to keep certain items they wish to return and still give them a refund. The report draws on Jumia’s 2021 non-financial data and provides disclosures in line with Sustainability Accounting Standards Board materiality topics for e-commerce entities as well as the UN Sustainable Development Goals . While recognising the importance of standard ESG focus areas, Jumia draws attention to the role that e-commerce plays in advancing more equal opportunities in Africa.
The report highlights five material themes in the context of its sustainability strategy, which include environment ; social and governance .
Source: Loan Digest (loandigest.net)
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