PayAfrica International Making mobile money a scalable and sustainable business for everyone

Impact

Financial services for unbanked populations: 

PayAfrica International is helping Africans in diaspora save money when they send money to their families to two countries (DRC and Rwanda) and allows unbanked people, especially in rural areas in those countries to receive, save and cash-out the money whenever needed.

Women empowerment in DR Congo:

The PayAfrica Accelerator is an entrepreneurship-accelerated-program of the PayAfrica Foundation focused on helping girls and women in agriculture among displaced and refugee communities to become successful farmer-entrepreneurs by providing them with business and digital skills, small loan and market, and a deeper understanding of sustainable farming and organic crop production from seed to market.

Financial literacy and entrepreneurship for marginalized groups:

We have concluded a partnership with the Kadiwaku Family Foundation to address the digital inclusion gap of persons with disabilities and create inclusive business opportunities for them in 3 cities of DR Congo ( Kinshasa, Lubumbashi and Goma). As of June 2020, 70 young people with disabilities received training and financial award to run their businesses. They became mobile money agents and joined the PayAfrica community.

Sustainable development goals

  1. 1.1
    By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than $1.25 a day
  2. 1.4
    By 2030, ensure that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership and control over land and other forms of property, inheritance, natural resources, appropriate new technology and financial services, including microfinance
  1. 8.2
    Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors
  2. 8.3
    Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services
  3. 8.10
    Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all
  1. 10.2
    By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status
  2. 10.3
    Ensure equal opportunity and reduce inequalities of outcome, including by eliminating discriminatory laws, policies and practices and promoting appropriate legislation, policies and action in this regard