Selected
Digital Inclusion

Akaboxi

Digital Financial inclusion for Small holder farmers

Team Leader
Atuhaire Sarah Baryaija
Digital Financial inclusion for Small holder farmers

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.

What is the name of your organization?
AKABOXI
What is the name of your solution?
Akaboxi
Provide a one-line summary or tagline for your solution.
Digital Financial inclusion for Small holder farmers
In what city, town, or region is your solution team headquartered?
Kampala
In what country is your solution team headquartered?
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What type of organization is your solution team?
Hybrid of for-profit and nonprofit
Film your elevator pitch.
—
What specific problem are you solving?
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.
What is your 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.
Who does your solution serve, and in what ways will the solution impact their lives?
We target the small holder farmers in rural communities. The financially excluded vulnerable people who live in rural areas. We enable digital financial inclusion of marginalized rural communities especially women and youth by digitizing Village Savings and Loan Associations (VSLAs). Akaboxi aims at enabling access to finance for small holder farmers. Hence, financial inclusion.

Organization Type:
Hybrid of for-profit and nonprofit

Headquarters:
Kampala, Uganda

Stage:
Scale

Working In:
Uganda

Solution Website:
https://www.akaboxii.com/

Solution Team:
Atuhaire Sarah Baryaija
Atuhaire Sarah Baryaija
CEO/FOUNDER