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
-
NDC supporters erupt in jubilation following Bawumia’s concession speech
3 minutes -
The people have voted for change, we respect the decision – Bawumia
4 minutes -
Gabby Otchere-Darko congratulates Mahama, calls for unity after NDC victory
14 minutes -
NDC’s Gyakye Quayson retains Assin North seat
16 minutes -
W’ell regroup and come back stronger – Bawumia
22 minutes -
Fast-track collation process at the constituency level – NDC to EC
26 minutes -
This is a moment for sober reflection and learn from our mistakes – Mac Manu to NPP
30 minutes -
Mahama celebrates victory as Bawumia calls to congratulate him
31 minutes -
Elections: Abdul Rauf Tubazu unseats Henry Quartey as NDC wins Ayawaso Central
32 minutes -
GIMPA law school renews landmark partnership with the ICC
34 minutes -
Sylvester Tetteh defeated as Felix Akwetey of the NDC wins Bortianor-Ngleshie Amanfro seat
1 hour -
Eugene Arhin congratulates Gizella Tetteh on re-election, calls for unity in Awutu Senya West
1 hour -
Ghanaians have rejected 8 years of “corruption and state capture” – Sammy Gyamfi
1 hour -
I will support Mahama in the transition process – Bawumia
1 hour -
NDC’s Prof Jane Opoku-Agyemang makes history as Ghana’s first female vice president-elect
2 hours