Akaboxi

The Problem

Access to finance as a result, they organize themselves in Village Savings and Loan Association groups. These vulnerable groups face challenges such as low savings, monetary theft and insecurity, improper record keeping, and lack of awareness as a result of high illiteracy levels, altered data.

The Solution

AKABOXI is a digital financial inclusion system that enables smallholder farmers in rural communities to manage and monitor their financial savings together. It provides communities with a robust and secure way of handling savings using a digitalized financial inclusion system, which is an easier, more reliable way to monitor savings and transactions. AKABOXI digitally manages the financial records of these smallholder farmers, fills their financial gap, and helps engage partners to provide cheap and affordable agricultural inputs, access to ready market links, and low insurance premiums.

Stats

Akaboxi has enrolled over 86,000 smallholder farmers onto its platform, providing access to finance and market linkages.