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
-
CSOs slam EC over refusal to grant election observation accreditation
2 mins -
The role of the Ghana Armed Forces in safeguarding democracy during elections: A call for professionalism and constitutional fidelity
13 mins -
UG marks International Day for Persons with Disabilities with inclusive leadership symposium
16 mins -
African journalists commit to combat violence against women and girls
17 mins -
6 CSOs vows to observe December 7 election with or without EC accreditation
21 mins -
Be strategic in voting, don’t carry that responsibility carelessly – Dr Abu Baako to voters
23 mins -
What is Mahama coming to do again? – Akufo-Addo quizzes
24 mins -
99.2% of gold exported to 4 countries; UAE is top destination – Report
26 mins -
Akua Donkor’s party endorses Mahama for Election 2024
28 mins -
Bawumia stands tall among presidential candidates – Akufo-Addo
31 mins -
Special voting underway in Western and Eastern Regions
32 mins -
Bawumia trying to distance himself from current difficulties – Fifi Kwetey
33 mins -
Ghana recorded trade surplus of GH¢3.9bn in months of 2024 – GSS
36 mins -
Police guarantee security for NPP and NDC final rallies in Accra
39 mins -
Akufo-Addo to open hospitals under Agenda 111 initiative today
41 mins