2SCALE in partnership with Agri-Wallet, the Kenyan fintech solution provider, received a prestigious FiniAward as part of the inaugural Financial Inclusion Awards held in Nairobi last week. The Financial Inclusion Awards recognizes and celebrates key organizations and companies in various sectors that have helped progress financial accessibility in Kenya and across Africa.
August 19, 2019
2SCALE and Agri-Wallet win a first FiniAward
Alongside other non-profit organizations such as SHOFO-Shining Hope For Communities, Agha Khan Foundation, Grameen Foundation and MicroSave, 2SCALE was nominated in two outstanding categories:
- Fastest Growing Non-Profit Organization Driving Financial Inclusion (Winner)
- Most Preferred Non-Profit Organization Driving Financial Inclusion (First runner-up)
Eluid Enkunja, Partnership Facilitator who attended the gala dinner and received the trophy and certificates on behalf of 2SCALE and Agri-Wallet said:
Today is a win for 2SCALE and Agri-Wallet... and the award recognizes our efforts in creating more sustainable access to inclusive finance
Over the past two years, 2SCALE has leveraged financial technology to better support program partners, SMEs and smallholder farmers. Helping to link them to financial suppliers like Agri-Wallet and achieving impact on both input and output markets.
After a successful first pilot with Agri-Wallet in Kenya in 2018, during which 2,758 farmers and 46 input merchants signed up and used the application, 2SCALE recently established a more formal collaboration with the fintech company. For more on the 2SCALE and Agri-Wallet collaboration see: Paving the Way to Financial Inclusion
Agri-Wallet is an innovative mobile application that assists farmers to save money. It has been tailored specifically for the agricultural sector. The application not only helps farmers to set aside funds, but also ensures that the funds are invested in agricultural inputs.
The FiniAward is a recognition of the commitment of 2SCALE in making access to finance easier for vulnerable groups such as smallholder farmers, local small-scale entrepreneurs, the youth as farmers and/or agri-entrepreneurs, and women involved in target value chains.
Peter Kirimi, 2SCALE's Senior Financial Inclusion Specialist, argued: