IMPACT
Our goal over the next five years is to be the leading provider of inclusive credit services for 20 million customers in Africa and unlock over $7 billion in capital to support their progress.
PROSPEROUS
CONNECTED
HEALTHY
GREEN
million
thousand
million
million
PROSPEROUS
M-KOPA devices help customers to unlock incomes, savings and credit. 75% of customers earn additional income when PAYG devices are used for enterprise, representing over $128 million of value generated from unlocking $600 million in credit. Shifting kerosene spend for long-lasting LED lights translates to savings of $650 per annum, and once customers step onto the PAYG pathway, they own their progress – more than 440,000 additional credit lines have been granted to customers following payment for their first product.
“Once I got a smartphone, I could sign up for ride-hailing apps. I earn so much now I bought my own bike and am saving for a second to rent to another rider!”
CONNECTED
M-KOPA’s credit model removes this barrier – to date it has enabled more than 1 million people to harness mobile internet as their springboard into the digital economy. This connectivity presents a lifeline for customers – more than two-thirds use their phone to stay up to date, access education content, and obtain health information.
HEALTHY
In early 2020, we launched and distributed a new Hospital Cash and Life Insurance product that customers could access by simply adding 15-40¢ per day to their daily payments. Today, micro-insurance is impacting 150,000 lives.
In addition, 4 million people no longer breathe toxin-laden air, having upgraded from open-flame kerosene lanterns in homes to solar LED lights – improving lung and eye health, as well as mitigating the risks of fire and poisoning.
GREEN
Displacing just one kerosene lantern with clean solar energy avoids the equivalent of 500 pounds of coal, or 50 gallons of gasoline, each year. Scaling that across more than 1 million homes, this has displaced over 2 million metric tonnes of carbon dioxide.
M-KOPA has been at the forefront leading the PAYG sector to prioritize e-waste recovery and mitigation initiatives. We have invested in a local refurbishment facility in Kenya and employ over 30 technicians to produce 63,000 second-life devices true to circular economy principles.
a solar TV and how to repair and re-use smartphones so they don’t go to waste.”
IMPACT
Our goal over the next five years is to be the leading provider of inclusive credit services for 20 million customers in Africa and unlock over $7 billion in capital to support their progress.
PROSPEROUS
million
CONNECTED
thousand
HEALTHY
million
million
PROSPEROUS
M-KOPA devices help customers to unlock incomes, savings and credit. 75% of customers earn additional income when PAYG devices are used for enterprise, representing over $128 million of value generated from unlocking $600 million in credit. Shifting kerosene spend for long-lasting LED lights translates to savings of $650 per annum, and once customers step onto the PAYG pathway, they own their progress – more than 440,000 additional credit lines have been granted to customers following payment for their first product.
“Once I got a smartphone, I could sign up for ride-hailing apps. I earn so much now I bought my own bike and am saving for a second to rent to another rider!”
Abdulah Bakibisemu
Customer
Kampala, Uganda
CONNECTED
M-KOPA’s credit model removes this barrier – to date it has enabled more than 1 million people to harness mobile internet as their springboard into the digital economy. This connectivity presents a lifeline for customers – more than two-thirds use their phone to stay up to date, access education content, and obtain health information.
Boluwatife Bukoye Emmanuel
Sales Agent
Ogbomosho, Nigeria
HEALTHY
In early 2020, we launched and distributed a new Hospital Cash and Life Insurance product that customers could access by simply adding 15-40¢ per day to their daily payments. Today, micro-insurance is impacting 150,000 lives.
In addition, 4 million people no longer breathe toxin-laden air, having upgraded from open-flame kerosene lanterns in homes to solar LED lights – improving lung and eye health, as well as mitigating the risks of fire and poisoning.
Sales Agent
GREEN
Displacing just one kerosene lantern with clean solar energy avoids the equivalent of 500 pounds of coal, or 50 gallons of gasoline, each year. Scaling that across more than 1 million homes, this has displaced over 2 million metric tonnes of carbon dioxide.
M-KOPA has been at the forefront leading the PAYG sector to prioritize e-waste recovery and mitigation initiatives. We have invested in a local refurbishment facility in Kenya and employ over 30 technicians to produce 63,000 second-life devices true to circular economy principles.
