Ensibuuko

Company

Ensibuuko is a fintech that promotes the adoption of digital financial products and improving access to mobile devices and services in rural areas.

Problem

Savings groups in rural Uganda tend to rely on paper records and analogue systems that are not connected to the larger financial ecosystem. Savings groups lack both knowledge of relevant digital products and services and the skills required to use them. These are major barriers to rural customers adopting internet services.

Solution

Ensibuuko received a GSMA grant in March 2021 to develop a digital skills training kit for rural customers that would leverage their existing network of digital field agents to deliver digital literacy training to village savings groups in various rural locations.

Impact

Since partnering with the GSMA, Ensibuuko has:

– Reached more than 236,000 members of rural savings groups, providing them with digital skills training and access to their e-ledger interface. Of these members, more than 60% are women.

– Raised $1 million through FCA Investments to recruit talent and scale in Uganda.

– Replicated their digital skills training in Malawi in partnership with the United Nations Capital Development Fund (UNCDF) and Community Savings and Investment Promotion (COMSIP), registering 50,000 users.