Smart Phone Distribution on Credit

Young Rise Up Co. LTD is a Rwandan company specializing in the distribution of smartphones on credit, with a focus on serving underserved and financially constrained individuals. The core objective of this service is to enable people—especially cooperative members and rural residents—to acquire smartphones through manageable installment payments rather than paying the full amount upfront.

This initiative aims to remove financial barriers to smartphone ownership by providing flexible, transparent, and community-based credit options that make quality mobile devices accessible to those who need them most.

Target Customers

• Members of savings and credit cooperatives (SACCOs)

• Low-income earners and informal sector workers

• Rural residents with limited cash flow

• Youth and women in entrepreneurial or community groups

How the Service Works

1. Community Outreach & Enrollment
   Young Rise Up field agents mobilize communities, particularly through cooperatives, to raise awareness of the smartphone credit program. Interested individuals are registered through a simple form, either digitally or on paper.

2. Eligibility Assessment
   Applicants are evaluated based on cooperative membership status or informal group guarantees. No complex credit history is required.

3. Phone Selection
   Eligible customers choose from a variety of smartphones offered by the company, ranging from basic models to mid-range Android phones.

4. Credit Terms & Agreement
   Customers enter into a clearly defined credit agreement with the company, which outlines:

   • The total cost of the phone

   • The required down payment (if any)

   • The repayment period (weekly or monthly)

   • Penalties for late payments (if applicable)

5. Phone Distribution
   Once the agreement is signed, the customer receives the phone immediately and begins using it while making repayments according to the agreed schedule.

6. Payment Collection & Support
   Young Rise Up agents follow up with customers regularly to collect payments and provide support. Payments are recorded digitally for transparency, and reminders are sent as needed.

Current Coverage Area

The smartphone credit service is actively operational in Gicumbi District, where the company has established local teams for:

• Community registration

• On-site phone distribution

• Payment collection and support services

Key Features

• No Full Upfront Payment Required
  Customers can receive their phone and pay in affordable installments.

• Simple and Transparent Agreements
  Credit terms are easy to understand and customized to fit the customer’s cash flow.

• On-the-Ground Agents
  Local teams ensure accessibility, fast service delivery, and regular follow-up.

• Accessible to Informal Workers
  No need for formal employment or bank records—trust is built through group engagement and cooperative networks.

Benefits to Customers

• Immediate access to communication and digital services

• Financial relief from lump-sum phone purchases

• Ability to upgrade phones through a manageable plan

• Local support and after-sale follow-up