African fintech platform M-Kopa has provided digital credits worth more than $ 600 million to underbanked customers
M-KOPA announced the release of its 2021 Impact Report. As a mission-driven company, M-KOPA's tremendous growth is rooted in 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 accessing high-quality smart...