M-Kopa, Pula get Sh142 million in grants

african development bank afdb


Business Daily | by Victor Juma


Kenya-based financial technology firms M-Kopa and Pula Advisors are set to receive grants totalling $1.3 million (Sh142.5 million) from a fund backed by the African Development Bank Group (AfDB) to conduct market research.

Pula, which offers insurance to small-scale farmers, will receive $1 million (Sh109.6 million).

Mobile phone-based solar kit reseller M-Kopa will get $300,000 (Sh32.8 million). The research by the two companies will seek to find ways of enhancing women’s access to digital financial services including loans and micro-insurance…

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