BezoMoney: Digitizing Traditional Savings Groups & Driving Financial Inclusion with Mubarak Sumaila
Meet Mubarak Sumaila, co-founder of BezoMoney, a business in Ghana that is Digitizing Traditional Savings Groups, helping group members to build a favourable credit history and getting access to formal financial products and services.
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They also run a financial literacy platform that provides practical information on how to grow and manage your finances.
In the interview Mubarak shares
- How he came across the idea for the business when he started paying attention to his mom’s savings group and developing an interest for how it worked and what their challenges were
- How design thinking helped him and his team in the process of launching the business
- And how both traditional banks as well as Microfinance left room for innovation and improvement of financial services.
He also shares a lot about how the traditional savings groups function as well as the benefit to people and what his advice for young Africans is.
There are a lot interesting insights in this interview and we hope you enjoy it as much as we did.
And now, without further ado, enter Mubarak Sumaila.
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Thomas
Thomas is initiator of Africax.org, co-founder of ecological sanitation company EcoToiletten, digital automation agency Strandschicht and the non-profit tackling youth empowerment YES Founders Foundation. He co-authored a book on Youth-led Changemaking and coaches entrepreneurs on resilience and mental well-being.
