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
-
Mahama delivers closing campaign speech, urges Ghanaians to vote for change
17 mins -
Mahama pledges to restore dwindling economic fortunes
18 mins -
Ivory Coast’s beloved staple food ‘attiéké’ gains UN cultural heritage status
18 mins -
Morocco to get loan for 2030 World Cup infrastructure
23 mins -
Ugandan fan shot dead celebrating Arsenal beating Manchester United
29 mins -
Election 2024: What an accountant-turned mechanic says about Dec. 7 election
40 mins -
King Mohammed VI advances Morocco’s World Cup dreams
1 hour -
UN Women highlights positive masculinity as key to ending violence against women
1 hour -
The People Going to Vote
2 hours -
NCCE engages Nima women groups on democracy and elections
2 hours -
National Peace Council urges Ghanaians to uphold peace ahead of 2024 elections
2 hours -
What we know about Musk’s cost-cutting mission
3 hours -
Memphis police use ‘excessive force’, US Justice Department says
3 hours -
Election 2024: EC ready for polls, election materials deployed
3 hours -
Choose leaders beyond tribal, religious lines — NCCE Director
3 hours