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  • About us
  • About Cim Finance
  • Cim Finance

About Cim Finance

Cim Finance

Our philosophy
At the core of our philosophy, Cim Finance has a mission to uplift lives and build better futures of our customers.

We are a non-banking financial institution that develops innovative integrated consumer and business products and services, for less privileged communities or for small and medium businesses, which require flexible solutions to improve their quality of life and grow their activities. We have the ability to uplift lives and build better futures. A housing Credit Facility can help empower individuals to enhance their families’ comfort build homes for their families; a business Credit Facility can create job opportunities for thousands….

We recognise we have obligations to multiple stakeholders and strive to consistently deliver value to all of them. We believe that dealing with financial services is more than just being a commercially-centred enterprise. We are committed to the philosophy of doing the right thing for our customers and seek to positively help assist the communities we are present in, and deliver social value. Our services are created to be low cost, easily accessible, disruptive to traditional practices and amazingly simple to use. Our local expertise coupled with our technologically innovative framework, means we are perfectly placed to develop new products that meet the unique needs of our growing customer base….

Our people

We nurture our people. We believe that our people are our most valuable asset, the cornerstone of our existence and our growth drivers. We believe engagement thrives in an environment filled with energy, trust, challenge, personal growth and fairness.

Collaboration

We work as one. We believe in the power of working together as the only way to progress and evolution towards a better future.

Integrity

We do the right thing. We conduct our business with uttermost respect for the highest standards of professional behaviour and ethics.

Customer centricity

We see the world through our customers’ eyes. We are dedicated to caring for our customers in a highly proactive way and we are committed to improving their lifestyle.

Innovation

We are constantly evolving. We anticipate change and shape it to fit our objectives. We are committed to be at the forefront of a fast moving environment, by always rethinking our products and services to anticipate our customers’ needs.
Cim Finance has been offering financial solutions to consumers, SMEs and large corporates since 1987 and currently has over 750 employees with close to 100 retail points-of-sale across Mauritius. Cim Finance’s main segment of activities are Consumer Finance, Cards & Payments, Leasing, insurance and Factoring.
    • Consumer Finance

The Consumer Finance activities started in Mauritius in 1987 with hire purchase (HP) financing and personal loans in 2015. With our strengthened business and improved capabilities, we are moving more and more towards the digitalisation of our processes.

Cim Finance uses Experian developed application and behavioural developed scorecards to credit score customers and offers customer credit protection insurance on their credit facilities.

    • Cards & Payments

Cim Finance offers acquiring and issuing services for Visa, MasterCard and Union Pay. Cim Finance is the first non-banking financial institution in Sub-Saharan Africa to be a principal member of Visa, MasterCard and Union Pay.

    • Leasing

Cim Finance was a pioneer in the Mauritius leasing industry with the launch of leasing activities in 1996 to finance vehicles and equipment. Cim Finance offers finance and operating leases to individuals, entrepreneurs, SMEs and large corporates.

    • Factoring

Cim Finance launched its Factoring business in 2004 offering recourse Factoring to its domestic customers and started nonrecourse Factoring in 2006. Cim Finance launched International Factoring in 2019. Our specialized, professional and dynamic team has more than 10 years of experience in the factoring industry.

  • Credit purchase
  • Unsecured credit facilities
  • Credit card issuing and acquiring – MasterCard and Visa
  • Vehicle and equipment leasing
  • Factoring (receivables financing) and credit insurance
  • POS terminals for debit and credit cards
  • Online payment gateway for e-commerce acquiring on merchant sites
  • 2020

    Launch of Mo Finans Mobile App
  • 2019

    Launch of International Factoring
  • 2018

    Launch of Travel Loan (Cim Voyage)
  • 2017

    Launch of new brand identity
  • 2016

    Launch of Cim Mokart
  • 2015

    Launch of credit facilities (Cim MoCrédit)
  • 2014

    Launch of UPI credit cards - Classic, Gold & Business
  • 2013

    Launch of Cim Finance Connect (Internet and SMS services)
  • 2012

    Launch of Cim Finance Facebook page
  • 2011

    Launch of Cim Finance Connect
    (Internet and SMS services) Launch of PayMobile, the first mobile payment service in Mauritius Launch of Visa credit cards : Classic, Gold & Business
  • 2010

    Start of debit & credit card acquiring activities for Visa
  • 2009

    Cim Finance certified to ISO 9001:2008 standards
  • 2008

    Start of debit & credit card acquiring activities for MasterCard

    Sponsorship of Afrasia Bank as a MasterCard affiliate member
  • 2007

    Leasing services certified to ISO 9001:2008 standards
  • 2006

    Launch of Non-Recourse Factoring services in collaboration with Euler Hermes SFAC
  • 2005

    The first non-banking financial institution
    in sub- Saharan Africa to receive MasterCard accreditation
  • 2004

    Launch of Recourse Factoring
  • 2003

    Launch of first local credit card – Mojoker
  • 1996

    One of the pioneers to offer Leasing in Mauritius
  • 1987

    Launching of credit purchase/retail credit activities