StartUp Magazine had a sit-down with Jared Getenga, CEO of Credit Information Sharing-Kenya. In the following exerpts, he talks about the roles, mandates and functions of CIS Kenya, the innovations around credit information sharing and its impacts on the financial markets and economy at large. Kindly share a brief history...
The purpose of microfinance is to provide financial services to people generally excluded from traditional banking channels because of their low, irregular and unpredictable income Unlike their counterparts in developed economies, micro and small enterprises face numerous hurdles in accessing credit, denying them an important growth line at best or...
Letshego Holdings Limited (“Letshego”) was incorporated in 1998, is headquartered in Gaborone and has been publicly listed on the Botswana Stock Exchange since 2002. Through its eleven country presence across Southern, East and West Africa (Botswana, Ghana, Kenya, Lesotho, Mozambique, Namibia, Nigeria, Rwanda, Swaziland, Tanzania and Uganda), its subsidiaries...
Musoni is an innovative, cashless, paperless and data driven microfinance institution that leverages on technology to bring financial inclusion to the underserved population. The institution is globally recognized for key achievements such as being the first Microfinance Institution (MFI) in the world to go 100 per cent mobile, enabling clients...
Aspira MD Yoeal Haile discusses how the lender is financing lifestyles through a revolutionary point of sale fintech solution Various researchers have identified that access to the Internet would be critical in the development of Kenya and a key driver for innovation. With the country’s increased broadband penetration driven by...
Kenya has been at the cusp of rapid growth in the last decade supported by strong government, private sector and foreign investment. Key drivers of this development include the ICT sector expanding from 10 per cent to 22 per cent in the same period; with mobile adoption and internet...
The recently formed digital lender is redefining the credit landscape in the country Seven years since Kenya launched the world’s first digital credit solution, the market for digital credit has expanded rapidly in the country. Digital credit has become a leading source of credit in Kenya and that it is mostly...
When Kobo360 started operations, the logistics sector in Africa was largely informal with unclear pricing and interference from expensive middleman. In some African countries, it could take days, if not weeks to move goods across the country, thus causing businesses to lose money. The firm now has a mission...
“From my earliest days of starting Software Technologies Limited 29 years back and building STL into one of the largest and most successful software companies in East Africa, I have realized that success is down to six key attributes; planning, focus, self-belief, a positive attitude, love for those around...
Wachera Muriu talks of founding KopaCent and how it empowers people to live a better life through responsible financing A vibrant and expanding small business sector can be a major catalyst for inclusive growth but small and medium-sized enterprises (SMEs) have a difficult time accessing the financial services that can...