ABAYB AGENCY A Social Enterprise in Financial Services. Financial Inclusion
The Agent Banker Accelerator & Training Program also known herein as ABAYB, short for Agent Banker Accelerator for Young women & Boychild is designed to assist entrepreneurs aspiring to operate an Agency outlet on behalf of a bank, and assist banks increase financial inclusion. We use existing financial technology provided by banks / mobile money services providers to accomplish our cause. These entrepreneurs constitute young women and men (adult boychild) in Kenya, that are currently facing challenges in getting employed or creating their own jobs.
There are gaps identified by ABAYB, which are the following,
1. Agents lack sufficient funds to cater for and maintain the working capital / liquidities , thus can’t serve bank clients consistently.
2. Agents lack training and strategies on how to retain and increase clients visiting their outlets for services.
3. Clients lose confidence in transacting at these kinds of agents and change financial services providers.
ABAYB fills these gaps,increasing financial inclusion via agent bankers.