M-KOPA unlocks $22.5 million in credit in South Africa as women drive uptake
- M-KOPA has extended over ZAR 370 million ($22.5 million) in credit to low-income consumers in South Africa since 2023.
- 49% of M-KOPA's 105,000 customers are women, with 36% being first-time smartphone users.
- 64% of users rely on their devices to generate income, with 35% reporting increased earnings.
M-KOPA's approach to providing flexible financing solutions is commendable, especially in addressing the digital divide in South Africa. However, the sustainability of such models in the long term and their ability to scale effectively remain critical points for further discussion.
