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M-Kopa, Pula get Sh142m in grants Monday March 15 2021 The three-year project will have three phases –product development, piloting and scaling. The outcomes are expected to benefit 360,000 farmers, half of them women, as well as boost farm yields by up to 30 percent. Kenya-based financial technology firms M-Kopa and Pula Advisors are set to receive grants totalling $1.3 million (Sh142.5 million) from a fund backed by the African Development Bank Group (AfDB) to conduct market research. Pula, which offers insurance to small-scale farmers, will receive $1 million (Sh109.6 million). Mobile phone-based solar kit reseller M-Kopa will get $300,000 (Sh32.8 million). The research by the two companies will seek to find ways of enhancing women’s access to digital financial services including loans and microinsurance.

Sheila okiroAfrican development bank group afPula advisorsAfrican development bank groupAfrica digital financial inclusion facility