M-KOPA Unlocks $170 Million Credit Driving Nigeria’s Financial Inclusion
Quidah is an online platform that connects investors with curated opportunities and expert insights on Africa’s emerging markets, while offering businesses promotional services, partnership facilitation, and market intelligence to attract capital and grow their operations.
Industries
Nigeria’s informal sector faces barriers like irregular income/lack of collateral/formal histories; M-KOPA offers affordable smartphones, daily-aligned digital loans, simple repayments. 290,000 first-time smartphone users enabled for ride-hailing/payments/sales/marketing/remote work.
Impact data: 77% use financing for income generation, 75% report higher earnings post-access, 81% long-term customers see household improvements. Smartphones/digital tools enhance resilience/budgeting/digital economy participation.
Agent network scales reach: 11,000 active nationwide, 0.1% turnover (lowest globally), 99% agents earn more, 56% first income via platform. Decentralized model creates urban/rural jobs/entrepreneurship.
Gender focus: Women 53% agents (up YoY), 52% female customers first formal loan, narrowing finance gap for business/household management/credit history building. Customer participation women 29%→33%.
Partnerships with MTN/Airtel/Samsung/HMD ensure affordable devices/connectivity, embedding finance in daily digital lives. Nigeria fintech powerhouse as largest economy digitizes.
