The company
Exuus offers savings and financial services infrastructure for unbanked people in Sub[1]Saharan Africa.
The problem
Informal saving groups in Rwanda’s refugee camps lack effective credit assessment tools, limiting borrowers’ access to loans, impeding economic growth and contributing to financial instability.
GSMA project
In November 2024, Exuus received a GSMA grant to roll out a microloan product under the SAVE Score project. Powered by machine learning, the product will use alternative data to generate credit scores for unbanked refugees in informal saving groups through fintechs or formal financial service providers.
The microloan product aims to overcome barriers to credit, improve credit access for refugees, enhance their livelihood opportunities, empower them financially and promote long-term resilience. Exuus plans to digitalise the financial records and transactions of 1,760 members of informal savings groups in five Rwandan refugee camps.
Founder and CEO
Steve Shema
A message from the founder
“Exuus is on a mission to make financial independence a reality for all. With the GSMA’s backing, we’re bringing AI-powered micro-loans to the heart of resilience – supporting refugees and internally displaced persons to build, grow and thrive.”
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