Ensibuuko is a fintech company based in Uganda backed by a group of Canadian angel investors, including one of Hoovest’s affiliate companies.
When Ensibuuko first started in 2014, much of the self-organized Savings and Credit Cooperative Societies (SACCOs) in Africa are using paper ledgers to keep records.
If anything were to happen to the records, the basic savings and credit mechanism that supports an entire village could break down.
Thankfully, Ensibuuko and other fintech companies are helping SACCOs advance using technology. Ensibuuko also provide SACCOs with mobile phone banking capabilities for their members and allow for SACCOs to access the banking systems.