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
-
Ghana’s Black Galaxies travel to Togo for friendly ahead of CHAN qualifiers
15 minutes -
Sam Jonah calls for accountability and national healing after elections
25 minutes -
Rice, oil, and deceit – John Dumelo exposes opponent’s tactics
31 minutes -
U.S. calls for investigation into election-related deaths in Ghana
57 minutes -
2024 Elections: Hasaacas player dies in NDC celebration
1 hour -
Cedi expected to be biggest beneficiary from smooth elections
1 hour -
NPP colluded with some EC staff to steal – Omane Boamah alleges
2 hours -
‘Victory for democracy’ – U.S. vows closer partnership with Ghana’s President-elect Mahama
2 hours -
‘Transitional justice in Morocco is a unique, ground-breaking experience’ – King Mohammed VI
2 hours -
Joseph Samuel Gyakye Jackson
2 hours -
‘Thank you for believing in our democracy, even in crisis’ – Mahama to Ghanaians
3 hours -
Patrick Boamah set to contest Okaikwei Central election results in court
3 hours -
Today’s front pages: Tuesday, December 10,2024
3 hours -
Valuables stolen as Ursula Owusu’s office is ransacked
3 hours -
2024 Elections: Sports bigwigs who won or lost their seats
3 hours