Musoni Kenya secures $1 million in equity funding from Oikcredit

Musoni Kenya has received equity funding of $1 million from Oikcredit which joins other earlier funders such as KfW and Access Africa. Musoni is a mobile microfinance company that operates only through mobile phones in order to reach the low income and unbanked entrepreneurs within Kenya. The mobile platform has so far reached 16,286 customers in Nairobi and plans to reach rural customers and expand its mobile infrastructure.

 

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