Building thriving communities through innovative financial products and services for women and adolescent girls in Africa
Cofounder & CEO at Cherehani Agric and Cofounder & CEO at Cherehani AfricaMore about Wesley »
Headquarters Nairobi, Nairobi County, Kenya
Cherehani Africa is transforming the microfinance market by leveraging proprietary technology to deploy capital at a 3x efficiency. Its business model is to combine technology with a human approach, providing credit to women micro-entrepreneurs in rural and underserved markets. The model is built on top of a proven micro-savings groups structures, enabling young women to immerse themselves and succeed in the new economy. Cherehani also provides market information and financial education to its customers. The suite of information is disseminated via a proprietary web based platform and augmented by in-person field visits. With over 13,000 customers on its platform, the inherent peer-to-peer pressure among members drives loan repayment, and is key to building a robust business ecosystem of skilled and financially sound micro-enterprises.
- Have delivered financial products and services for 16.5k+ women and adolescent girls in rural areas in Africa at a 3X efficiency level.
- Over 50% of their customers earn between $101-$150 USD monthly, an average gain in monthly income by $62.
- Built their own CRM tailored to the realities and informal networks of women in Africa to assess their credit and financial risk.
Currently Operating in One Region
More Companies in New Frontiers
Get the Unreasonable Newsletter
Get twice-monthly updates on Cherehani Africa and over 300 other companies working to solve the world’s toughest problems.
Must select the list to subscribe to.