Mosabi: Gathering forces for social change

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IE code
GE1-149-I
Language
English
also available in Spanish
Format
PDF
Nr. Of Pages
6
Type of publication
Case Study

Instructor support

A Teaching Note is available for this material.

Awards received

  • EFMD Case Writing Competition 2020 Responsible Business category Winner

Description

Founded by Chris Czerwonka, John Roberts and Julie Monniot-Gaillis, Mosabi is an app-based solution addressing the lack of financial literacy education and financial inclusion for informal sector entrepreneurs in Africa. By providing an alternative to traditional credit-scoring through education, Mosabi seeks to empower its users in the long-term generating a multiplier effect on their lives.

It is designed to be financially sustainable as it also reduces the high cost of accessing the underbanked for the financial services providers (FSPs). In order to achieve its social and financial objectives, Mosabi measures both financial and social impact and ensures the two go in lock-step.