M-Kopa LLC

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M-Kopa LLC

M-KOPA pioneered the credit sales of pay-as-you-go Solar Home System and is the global leader with 75% of all systems sold in 2014 (CGAP estimate). Founded in 2011 by former executives behind M-PESA, the world's leading mobile payment platform, M-KOPA combines mobile payments with GSM sensor technology to enable affordable financing of solar power systems and subsequent additional credit sales. 

Project summary

With FRP support, M-KOPA will provide over 300,000 customers in rural Tanzania (by June 2020) with innovative credit services that are affordable and accessible, and which address rural customers' most pressing needs. M-KOPA predicts that FRP funding will lead directly to a total of US$58m in credit being provided to rural customers for productive asset purchases by 2020. 

Key innovations

M-KOPA's innovative technical solution utilises mobile connectivity and smart data to open a line of credit for underserved rural customers.

Representative

Mr Grant Taylor

Mr. Jesse Moore, Chief Executive Officer and Co-Founder of M-KOPA Solar, M-KOPA, LLC

Project partners

Vodacom Tanzania

The transaction

  • FRP contribution: USD 2,500,000
  • Match funds: USD 13,841,912
  • Project period: 2 years 

Development impact*

  • Reach: 300,000 customers
  • Systemic change: M-KOPA's service improves customers' liquidity and allows investment in new assets that directly support increased productivity, profitability and resilience.  M-KOPA will also use FRP funds to build the capacity of customers to improve their economic well-being by providing targeted information, advice and support.