M-KOPA, the fintech platform that provides digital credit to underbanked customers, has released its 2021 Impact Report.
As a mission-driven company, M-KOPA's tremendous growth is rooted in its commitment to both commercial and social goals.
The report presents findings on M-KOPA’s smartphone, solar and cash loan customers across Kenya, Uganda, Nigeria and Ghana.
While much of the impact has been realised in East Africa, M-KOPA recorded rapid growth following its expansion into West Africa over 2020/21.
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.
Despite the whirlwinds of economic uncertainty caused by COVID-19, throughout 2020 and 2021 M-KOPA defied global trends and created significant-high-quality employment.
The fintech company’s full-time staff more than doubled from 2019 to 2021, with 944 additional jobs created.
Additionally, M-KOPA sales agents, who actively reach community members across the company’s core markets, quadrupled to 10,000 agents between 2019 and 2021.
Founded in 2011, M-KOPA offers millions of people access to life-enhancing products and services, such as smartphones, solar lighting, solar-powered appliances, cash loans and health insurance by unlocking affordable credit.
In March 2020, the platform reached a milestone of 2 million customers served, and with impact and inclusion remaining core to its mission, M-KOPA strives to increase the number of customers on its platform by 10x over the next five years.
M-KOPA’s 2021 Impact Report is available for download here.
For additional information on M-KOPA or interview requests, please contact Wimbart PR | mkopa@wimbart.com
Latest Stories
-
Assemblies of God Church leadership congratulates President-elect Mahama
14 seconds -
Mahama names transition team
4 minutes -
Ewurabena Aubynn flips Ablekuma North for NDC after dramatic collation standoff
7 minutes -
Mahama names 2024 transition team
12 minutes -
Mahama calls on the church to help him meet Ghanaians’ expectation
47 minutes -
ECL’s F5 training shows industries how to go Next-Gen
58 minutes -
I won’t manage any club after Manchester City – Guardiola
1 hour -
Joshua Alabi reveals winning strategy behind NDC’s electoral tsunami
1 hour -
Baba Rahman named in Greece Super League Team of the Season
1 hour -
Kenyan President William Ruto congratulates Ghana’s President-elect John Mahama
1 hour -
Heavy security presence as irate youth besiege Ghana Gas in Accra
1 hour -
Our collective hard work brought NDC victory – Benjamin Quashie to NDC SA chapter
2 hours -
GCIC hosts policy roundtable on accelerating the transition to clean cooking
2 hours -
Police declare 3 persons wanted for Tepa warehouse, radio station break-in
2 hours -
NPP superintended too much inefficiency and wastage – Joyce Bawah
3 hours