Currently, 1.7 billion adults remain unbanked in the world. Bboxx has launched financial inclusion initiatives to accelerate inclusive economic development in Africa.
We have ramped up the promotion of greater financial inclusion in Africa through a series of new initiatives. Among these is a cash loan and affordable financial services pilot aimed at positively transforming lives in Kenya. The pilot has secured access to finance for customers who would otherwise struggle to obtain it elsewhere. These cash loans will help to significantly support people, from improving financial capacities to invest in businesses like farming to paying school fees, medical emergencies, among other uses.
Bboxx acts as the platform between the customer and the lender, using its fully integrated operating system Bboxx Pulse® and its credit scoring algorithm capabilities to identify customers that may require a loan.