What is the name of your organization?
Moto Hope Capital
What is the name of your solution?
Inclusive Finance for Climate.
Provide a one-line summary or tagline for your solution.
Providing financing & capacity building to underserved MSMEs, smallholder farmers, & climate-vulnerable communities to build resilience & prosperity.
In what city, town, or region is your solution team headquartered?
Nairobi, Kenya
In what country is your solution team headquartered?
KEN
What type of organization is your solution team?
For-profit, including B-Corp or similar models
Film your elevator pitch.
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What specific problem are you solving?
75% of the population we target in Kenya is underserved by traditional banking systems and lives below the universal poverty line. Statistically, 79% of Kenya’s MSMEs are informal, which hinders their access to credit and other forms of assistance.
88% of the population we serve is composed of women and girls who are disproportionately affected by poverty and the effects of climate change.
Kenya has seen rising temperatures and irregular rainfall over recent decades. Since 1960, average temperatures have increased by approximately 1°C, with projections indicating further warming, particularly in arid and semi-arid regions, where we target.
As a sector contributing 25-30% of Kenya’s GDP and 70% of rural jobs, agriculture is severely affected by climate change.
Classified as water-scarce, Kenya faces extended droughts that disrupt river flows and groundwater recharge, threatening drinking water supplies, irrigation, and hydroelectric power, in the geographies we serve.
With dwindling water sources and a lack of clean energy, women and girls must travel further to collect water and firewood, detracting from other activities and posing health risks.
Hence, through financing and capacity building, we offer climate change mitigating and adapting solutions for MSMEs, smallholder farmers, and climate-vulnerable communities.
What is your solution?
We engage a combination of blockchain, mobile money, and onboarding software and tools that ensure efficiency, promptness, and transparency in availing a variety of easy, affordable, and flexible financing: Business loans, Agri-input loans, Agricultural Asset financing, WASH (water, sanitation, and hygiene) financing, and Green Energy financing.
We use blockchain to manage and issue smart contracts that efficiently, accurately, and immutably trigger the release of funds to the target underserved MSMEs and smallholder farmers. Ensuring they receive the funds promptly.
We leverage mobile money technology in the disbursement of funds and the collection of credit repayments. Hence eliminating the need for our beneficiaries to visit the few banks available, providing an alternative that is fast, secure and easy to use.
Lastly, we leverage onboarding tools and software that enable us to streamline the process of onboarding MSMEs, smallholder farmers, and green energy users from climate-vulnerable communities, a replacement for traditional paper-based systems. A technology that is fast, efficient, and reliable for it ensures fewer errors.
Hence, leveraging technology ensures that we efficiently provide financing and capacity building to underserved MSMEs, smallholder farmers, and climate-vulnerable communities building resilience, sustainability, and prosperity.
Who does your solution serve, and in what ways will the solution impact their lives?
We leverage technology to provide financing and capacity building to underserved MSMEs, smallholder farmers, and climate-vulnerable communities in Kenya.
Headquartered in Nairobi, Kenya, we have a presence and operations in the Rift Valley, Nairobi, Central and Eastern regions, which all face the adverse effects of climate change, in varying degrees.
Our special bias towards funding rural smallholder women farmers and underserved MSMEs addresses the disproportionate impact of climate change and poverty on women to increase their climate resilience and economic empowerment.
Our solutions’ pillars: Access to Credit, Regular training, Market linkages, Enabling Savings, Monitoring & Evaluation, and Insurance, ensure:
1. Access to a variety of easy, affordable, and flexible financing: Business loans, Agri-input loans, Agricultural Asset financing, WASH (water, sanitation, and hygiene) financing, and Green Energy financing.
2. Climate resilience and sustainable agriculture, carbon credit generation, and carbon markets as well as financial literacy.
3. Access to payments against farmers’ anticipated crop sales providing immediate cash flow.
4. Improved earnings, which enable beneficiaries the financial muscle to save for future growth and prosperity.
5. The ability to identify solutions and make forecasts improving climate resilience.
6. Protection from losses.