Ticano, a 100% citizen owned company has become the hope and support for many small medium enterprises (SMEs) in Ngamiland that have been limited by lack of funds to deliver on their projects.
The company, which assists small businesses with finance to deliver on their awarded tenders provided they have valid purchase orders has so far assisted more than 205 businesses to a tune of more than P20 million since its inception in Maun.
Nationally, Ticano has three other branches in Gaborone, Francistown and Palapye. To date, P350 million had been used to assist more than 4 000 businesses across the country since its started operations in 2017.
During a recent engagement session in Maun, the company Director Opelo Motswagae said their mandate is to provide efficiency in the supply chain by making sure that their clients deliver orders on time and to the specified standards.
The company has become a champion in purchase order and invoice discounting in the region, both on providing finances to bigger entities, but also to SMEs.
Ticano has assisted businesses from Makalamabedi to Gudigwa, areas that Motswagae said are marginalized when it comes to access to finance.
“We help SMEs access financing because we don’t need them to provide previous transactions and financial capabilities but the only thing that we rely on is that whoever you are supply pays us direct,” he explained.
Motswagae emphasized that as a traditional financier, their main aim is to develop and grow SMEs in order to grow the local economy, which would in turn provide employment.
Besides providing access to finance, Ticano also assists its clients on financial literacy to assist them make the right investment decisions.
Some business owners have acknowledged that with the assistance they get from Ticano, they have been receiving great service government departments and parastatals.
Among them is 36 years old Samuel Kgaswane of Guest Kings who has received funding to to supply laptops and the installation of air conditioners to the Tawana Landboard respectively.
Meanwhile a youngman from Xhakao village in the Okavango Sub-District Mpolokang Tshotlo also appreciated and acknowledged Ticano for reviving his company by financing his supply order.
The Dream & Act Company Director (Tshotlo) said the funds helped him supply toners and food items to Gumare Primary Hospital, Laptops to Shakawe Secondary School as well as food to Gowa Secondary School.