Sanjay G. Mungur

Sanjay G. Mungur is a Production Engineering graduate from the University of Nottingham, England. After a sting of about 8 years in both the public and the private sectors, he embarked on his entrepreneurial journey by setting up Empretec Mauritius (www.EmpretecMauritius.org), a regional advisory organisation involved in (1) Entrepreneurial Policies & Development, (2) SME Development & Technical Assistance, (3) Business Facilitation & Access to Market, (4) Inclusive Empowerment for Poverty Alleviation and (5) Improving Financial Options for SMEs.

Over the past 25 year, he has spearheaded the implementation of more than 475 local and international projects in 22 African countries, funded by such organisations such as the European Commission, African Development Bank, UNCTAD, UNDP, UNIDO, SADC, COMESA, the Indian Ocean Commission, etc. as well as local organisations and private companies.

In 2017, he led a team of 9 experts to develop the 10 year master plan for the SME Sector in Mauritius. This is now the blueprint implemented by the Government of Mauritius, for the development of the SME sector in Mauritius. A copy is downloadable at https://enterbusiness.govmu.org/SiteAssets/MofedStyles/Documents/SME%20Master%20Plan_Full%20Version_FINAL.pdf.
FinClub (https://finclub.mu/public/home)

Through his experience, he has seen access to finance as a major obstacle for the development of businesses in many African countries. As a direct consequence, he founded FinClub (https://finclub.mu/), a fintech operating in the Peer to Peer Lending space. FinClub is the first startup to secure a bespoke Peer to Peer Lending license with the Financial Services Commission (FSC), the Non-Banking Financial Regulator in Mauritius.

FinClub is using technology to reduce the pain of both individuals and small businesses, to have access to credit by leveraging on Artificial Intelligence/ Machine Learning technologies to enable accredited Investors to lend directly to underbanked Borrowers. The borrowers do not have to provide any collaterals and can be either individuals, self-employed or registered SMEs.

FinClub intends to scale out to four other African countries in the next three years.

Sanjay profile on LinkedIn: https://www.linkedin.com/in/sanjay-g-mungur/
 

Sanjay G. Mungur is
• Empretec Mauritius, CEO, since Oct 1999
• GEN Mauritius, Country Director, Mauritius, since Mar 2008
• GMI Capital Partners Ltd, Oct 2009
• Founder & CEO, FinClub, since Mar 2018