Navigating the complexities of the food supply industry presents many challenges, from managing cash flow to ensuring timely product availability. These challenges were significant for Mylifestyle Chef, a small business specialising in supplying frozen foods to mostly restaurants. With the support of Vendease’s Buy Now, Pay Later (BNPL) service, Mylifestyle Chef was able to transform these challenges into opportunities for growth.
A Story of Growth and Resilience
Mylifestyle Chef has been in the business for over two years, supplying essential proteins to restaurants across Lagos. She has thrived despite the hurdles of running a small business in Lagos.
“Vendease has made a big impact as my vendor. With their credit facility, I’ve been able to expand and grow my business, and they’ve also solved the challenge of product availability, ensuring I get exactly what I need, right when I need it,” says Chi Chi Brown, CEO of Mylifestyle Chef Ltd
How Our BNPL Helps Mylifestyle Chef Thrive
Our Buy Now, Pay Later offer plays a crucial role in Mylifestyle Chef’s success by providing financial flexibility. Here’s how BNPL is making a difference:
- Financial Flexibility: The BNPL service allows Mylifestyle Chef to buy products and pay later, easing cash flow and enabling smooth operations without the worry of upfront costs.
- Opportunity for Expansion: With the ability to manage payments over time, Mylifestyle Chef can invest in expanding her business, increasing supply capacity, and reaching more clients.
How to Access Our BNPL
Interested in leveraging our BNPL to support your own business? Follow these steps to get started:
Process for BNPL:
- Ensure your business is registered with Vendease on www.vendease.com.
- Buy products and pay on delivery for up to three successful transactions.
- After completing three purchases, the credit facility option will be visible
- Click on the credit facility button and fill out the credit assessment form.
- Submit the form. Your credit will be allocated within 24 hours.
Eligibility Requirements:
- Completed three purchases with payment on delivery.
- Be a registered business with up-to-date statutory remittances.
- Maintain a good credit history.
- Have a CAC registration certificate.
The journey of Mylifestyle Chef highlights how access to the right financial tools, like Vendease’s BNPL, can transform businesses. It’s not just about easing cash flow, it’s about unlocking growth, scaling up, and meeting demand without the constant worry of immediate payments. Imagine how much your business could grow if you invest wisely and focus on expanding, instead of worrying about financial constraints.
