M-Kopa Unlocks $600M For Unbanked Customers

M-KOPA, a Kenyan-based asset financing firm and financial technology platform has revealed that it had unlocked tangible amount to cater for unbanked customers.

Being an organization that is driven by its mission to grow, and commitment to its social and commercial goal, M-KOPA has evidently put in a lot of effort to serve its users better.

According to a recent activity report, The fintech organization reported tremendous growth after its launching into the West African region, even as its products (Solar, loan offerings, and Smartphone) had gained reasonable traction in its home-region.

While M-KOPA, made an highlight of the some of it influence in the community, newsletter stated,

“Key highlights of M-KOPA’s social and environmental impact at the end of 2021 include:

• $600 million of credit unlocked for customers;
• 4.5 million lives improved with life-changing products;
• Over 1 million solar home systems sold, avoiding 2 million tonnes of CO2 emissions;
• Over 1 million individuals access high-quality smartphones, enabling access to information and earning opportunities online;
• 86% of customers report that the quality of their lives has improved because of M-KOPA.”

Not withstanding the economic related issues, and the uncertainties of COVID-19, during 2020 and 2021 M-KOPA fought against global mainas and developed a working system thst resulted into significant-high-quality employment.

Between 2019 and 2021, the full-time staff at the fintech company had doubled, with about the development of about Nine-hundred and Forty-four (944) jobs created within the period.

Reavealing more of its activity, the newsletter mentioned how its sales agents are reaching out to community member actively across M-KOPA’s essecial markets, as it had even in the company’s agent grew to Ten thousand (10,000) within the reported year.

Since its inception in 2011, M-KOPA has offer it products and services to millions of people that had simountenously enhanced their lives. Providing affordable products and services such as, solar-powered appliances, lighting powered by solar, loans, and even health insurance via affordable credit.