AWARD YEAR
2023
CATEGORY
Work
GOALS
Decent Work & Economic Growth
KEYWORDS
fintech, credit unions, financial inclusion, saas, cooperative
COUNTRY
Kenya
DESIGNED BY
Cynthia Wandia
WEBSITE
https://kwara.com
KWARA
A secure, simple and affordable digital banking platform for SACCOs Savings and Credit Co-Operative
How does it work?
A powerful trio of products to turn credit unions into a digital bank.
Why is it needed?
The financial sector on the continent has experienced numerous innovative disruptions over the years and there are fears that the Savings and Credit Cooperatives (SACCOs) sector could face an eventual demise.
How does it improve life?
To provide secure, simple and affordable online and mobile banking for cooperative financial institutions and their members, who are often excluded by traditional banks. Starting in Kenya, the mission is to make sure that these institutions can meet their members’ financial needs instantly, helping them avoid expensive predatory alternatives.