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
-
More police deployed after ballot boxes destroyed at Ayawaso Central
56 seconds -
Election 2024: Volta NDC decries alleged intimidation by immigration officers
51 minutes -
Chaos at Ablekuma West collation centre as residents clash with security and EC
60 minutes -
Our BVDs performed effectively – EC
1 hour -
Election 2024: Peace Council condemns Nyankpala shooting
1 hour -
Dorothy’s ruby slippers to be auctioned off
2 hours -
Heavy military presence at Ejura Sekyedumase in A/R collation centre amid counting
2 hours -
2024 Elections: Police retrieve fake ballot papers in Kwadaso
2 hours -
Election 2024: Polls closed nationwide, sorting and counting underway
2 hours -
CODEO reports pockets of election irregularities
2 hours -
Former Ketu North NDC parliamentary aspirant attributes low turnout to voter priorities
2 hours -
Kate joined by children as she hosts carol service
2 hours -
Arteta wants Arsenal to be ‘kings of everything’
2 hours -
Lewandowski scores as Barcelona draws with Betis
3 hours -
West Ham striker Antonio ‘stable’ after road accident
3 hours