Digital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Facebook X (Twitter) Instagram
Trending
  • How Leo Stan Ekeh Founded Zinox Group To Power Nigeria’s Digital Confidence
  • Femi Soneye Steps Down As NNPCL Spokesperson
  • Nnaemeka Ani Urges African Tech Innovators To Build With Legacy In Mind
  • Empowering The Displaced: NITDA, NCFRMI Strengthen Alliance For Digital Inclusion
  • Nigeria’s Digital Future Gets Feminine Edge As NITDA Champions Women In AI
  • Nigeria Customs Warns Public Over Rising Online Scams Impersonating Officials
  • Nigeria Launches $11.2m Innovation Hub With Japanese Support To Drive Tech Growth
  • Access Holdings Reaffirms Financial Strength Amid CBN’s Regulatory Forbearance Directive
Facebook X (Twitter) Instagram
Digital Times NigeriaDigital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Digital Times Nigeria
Home » M-KOPA Unlocks $600 Million In Credit For Under-Banked Customers In Africa
Fintech

M-KOPA Unlocks $600 Million In Credit For Under-Banked Customers In Africa

Our REPORTERBy Our REPORTER12 September 2022No Comments2 Mins Read3 Views
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
M KOPA 2
Share
Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp

M-KOPA, the fintech platform that provides digital credit to underbanked customers, Monday announced the release of 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 accessing 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.

READ ALSO  Buhari Launches National Policy For Indigenous Content Promotion In Telecoms, SIM Registration

M-KOPA’s 2021 Impact Report is available for download here

#$600 Million #2021 Impact Report #M-KOPA Africa Featured Fintech
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleProvidusBank Partners Mastercard, Interswitch, Thales Group For Contactless Tap-to-Pay Solution
Next Article Oluseyi Olanrewaju Named Medallion Data Centre’s CFO
Our REPORTER
  • Website

Related Posts

PalmPay Unveils ‘Passing The Baton’ CSR Initiative To Drive Financial Inclusion In Northern Nigeria

30 May 2025

BREAKING: KongaPay Makes Significant Stride, Secures Three ISO Certifications

7 May 2025

PalmPay Pushes For Contactless Payments At BusinessDay Conference

6 May 2025

Experts List Cornerstones For Meaningful Financial Inclusion In Nigeria At PAFON 2.0

22 April 2025

PalmPay, AfriGO Partner To Boost Nigeria’s Financial Inclusion And Digital Economy

11 March 2025

PalmPay Unveils New Experience Centre To Enhance Customer Support

4 March 2025

Comments are closed.

Categories
About
About

Digital Times Nigeria (www.digitaltimesng.com) is an online technology publication of Digital Times Media Services.

Facebook X (Twitter) Instagram
Latest Posts

How Leo Stan Ekeh Founded Zinox Group To Power Nigeria’s Digital Confidence

23 June 2025

Femi Soneye Steps Down As NNPCL Spokesperson

22 June 2025

Nnaemeka Ani Urges African Tech Innovators To Build With Legacy In Mind

22 June 2025
Popular Posts

Building Explainable AI (XAI) Dashboards For Non-Technical Stakeholders

2 May 2022

Building Ethical AI Starts With People: How Gabriel Ayodele Is Engineering Trust Through Mentorship

8 January 2024

Gabriel Tosin Ayodele: Leading AI-Powered Innovation In Web3

8 November 2022
© 2025 Digital Times NG. Designed by Max Excellence LLC.
  • Advert Rate
  • Terms of Use
  • Advertisement
  • Private Policy
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.