EnerGrow

EnerGrow is a tech start-up growing sustainable, productive, rural electricity demand in Africa, through an innovative mix of productive asset financing, training and digital ID-based technology.

How they do it:

1. Create a digital profile for all customers
2. Create new customers for banks without the bank incurring any risk
3. Provide rural customers with low-interest rates on financing
4. Collate data from disparate sources and use a bespoke algorithm to create credit scores
5. Provide financial services and productive asset financing
6. Offer business in a box, and financial literacy training to customers

See also

Check out the Founder’s profile