I have been in the banking industry for 10 years. It was and still is daunting to take out a loan. I had to physically present myself at the branch, make the queue, fill out paper work (most of which the bank already had) and keep calling the branch to check if my loan was approved. I researched around and found that this was the situation in Micro Finance Institutions (MFIs) and Savings and Credit Cooperative Organizations (SACCOs).

ZOA therefore seeks to solve this problem by connecting lenders to borrowers directly on mobile. Our flagship product, ZOAmicro, is a cloud hosted branch-less, paperless financial management platform for financial institutions delivered on mobile and web. The target customers are financial institutions like Savings and Credit Cooperative Organizations (SACCOs), Micro Finance Institutions (MFIs), Lending Companies and Credit Unions. Think of ZOAmicro as corebanking + mobile banking + online banking in one.

Benefits to the institution? 
Automated account opening 
Loan origination
Online Loan approval
Loan processing and tracking
Loan disbursement
Data Analysis and dashboard reporting
Report generation
No need for hardware infrastructure

Benefits to the institution’s customer?
Branchless account Registration  
Online Loan application
Loan status notifications
Loan disbursement straight to account
Download statements
Instant balance inquiry
Easy loan repayments