Musoni Microfinance Ltd. Analysis
What is Musoni Microfinance Ltd.?
First mobile money-only microfinance institution in Africa
Location
Nairobi, Kenya
Employees
201-500
Founded
2010
Product Features & Capabilities
- Mobile money-only lending
- Business loans
- Agricultural loans
- Education loans
- Emergency loans
- Growth & expansion loans
- Agribusiness financing
- Trade & asset financing
- Impact & sustainable finance
Use Cases
Provide business loans to SMEs in Nairobi; Offer agricultural financing to 57 rural communities; Support youth entrepreneurs with emergency loans; Fund agribusiness expansion by 300% in two years; Enable tech startups to scale across five African markets
Other Considerations
Serves 63 female clients; Reaches 57 rural communities; 45 average loan size; Recognized by Mastercard Foundation Fund; Awarded Leverage on Technology Award by Oikocredit; Licensed by Central Bank of Kenya as Digital Credit Provider
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