Jamii.one

Digital platform to increase financial literacy and inclusion.

Past and Current Partners

MasterCard Lighthouse MASSIV Program, Accelerace (Nordics's Leading Pre-Seed Accelerator and Investor). Copenhagen Fintech Partnership Accelerator, Google for Startups SDGs

Active Countries
More than 40 countries
Thematic area(s)
Gender, Inclusive Growth
Technology
SaaS
Organisation Name
Jamii.one
READ MORE ON THEIR WEBSITE

The Problem

Globally, 2.3 billion people lacks access to financial services such as life insurance or loans. Access to financial services is central to poverty alleviation. The target problem that Jamii.one aims to solve is that of over 325 million unbanked adults in Africa alone.

The Solution

Jamii.one digitises traditional community groups to increase financial literacy and inclusion to end poverty (in particular for underserved women). Jamii.one offers a free digital platform for community groups to conduct their accounting and to leverage their data to access economically strengthened financial services such as micro-insurance and business loans.

How it works?

  • Step 1: Collaboration with the government to align the approach with ongoing initiatives and local goals
  • Step 2: Agreement on the strategy for digitalization of local community finance groups for financial inclusion including focus on financial services and how to ensure a predominance of adopting women in these strategies.
  • Step 3: The digitalization and digital literacy are rolled out by Jamii.one to target populations through trusted institutions such as traditional institutions, local administrations, and NGOs.
  • Step 4: Users can contact Jamii.one through their agent or local phone number to get access to a business loan or life insurance Step 5: Jamii.one validates their data and signs up the group to the service while assisting users through the payment / pay-out processStep 6: Users repay their loans through agents or in the event of an insurance claim, through the Jamii.one platform.
Digital X Solution Jamii.one

Bridging the digital divide

Jamii.one provides the opportunity to be linked to financial services that help improve women's access to education on digital and financial literacy, decision making, and financial mobility. The technology caters to low-end phones, offers offline functionality, and provides support to end-users using locally preferred channels for communication. The Jamii.one platform reduces barriers for groups to start using technology and heightens the digital literacy level of users, even if they do not own a smartphone.

Impact and highlights

  • Over 125,000 members in 5,900 groups use the mobile application.
  • The Jamii.one platform has a direct rollout to 105,000 users and a partner-based rollout to 20,000 users.
  • Linked 1,626 users to the first ever digital group life micro-insurance (Ethiopia) thus impacting 8,130 lives by ensuring their coverage.

Plans for expansion

Their current focus is in East Africa where they aim to reach five countries with local presence in three years, possibly with a hub presence shared between Ethiopia and Kenya. In Kenya, Jamii.one is currently looking to partner with the State Department of Gender for bridging the digital divide of women in Kenyan and strengthening digitalisation and financial inclusion of community groups.

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