SACCOs (Savings and Credit Cooperative Societies) are an effective bankable mechanism to provide financial services for rural farmers, however there is frequent misuse of funds and poor financial management practices at most SACCOs. Moreover they have limited to no functional banking software, and have overwhelmingly relied on manual paper-based management systems, which consume significant amounts of time, personnel and paperwork.
Launched in 2012, Ensibuuko is an ICT company that connects farmers to finance opportunities as well as to the market. Their flagship product MOBIS, is a banking software for SACCOs that integrates the use of mobile money, bank accounts, SMS, USSD, and the web to offer easy financial management. The platform also provides transparent accessible record keeping and market linkages for farmers, all through mobile phones.
Team: David Opio, CEO; Gerald Otim, COO
Awards: Ensibuuko has won the ICT4Agriculture Award and the Changemakers Award