Jamii.one

Digital platform for community-based savings groups to increase financial literacy and be financially included.

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 billion people are financially underserved and unable to reach financial health due to lack of access to financial services such as insurance or loans. Limited access to financial services leads to the inability for people to withstand financial shocks. Therefore, access to financial services is central to poverty alleviation.

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 strengthening 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: Digitalized groups can provide members’ access to resilience building financial services at favorable terms and rates through the Jamii.one platform based on their data.
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 200,000 members in over 6,000 groups are building data in the Jamii.one mobile application.
  • Linked over 5,000 users to the first-ever digital group micro life-insurance in Ethiopia, impacting over 20,000 family members and more than 1,000 people to small business loans based on data
  • Collaborating with several government bodies, community institutions, local financial institutions, and rolling out with leading international developmental organizations

Plans for expansion

In Kenya, Jamii.one is currently looking to partner with the government of Kenya (GoK) to accelerate efforts geared towards the Women Economic Empowerment Implementation Strategy 2020 - 2025 by laying the foundation for bridging the digital divide for women in Kenya by strengthening digitalization and financial inclusion of community groups.”

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