eCOBbA – a platform for the world’s unbanked and underserved communities that leverages community savings and lending groups to drive industrialization. Their team operates a B2B2C model with primary consumers being in the informal sector, women, youth, improvised communities, and SMEs in the agro value chains.
It is undoubtedly true that this focus group has some challenges, such as lack of financial identity, lack of data for members’ visibility and savings, lack of transparency of accumulated wealth, missed value for economic growth, limited access to funds, and limited access to the market.
The eCOBbA solution enables both customer segments to collect KYC, store and manage their data better; secure their transactions; access more finances and value addition in the form of micro insurance, pensions, and loans; connect them to a marketplace for their products; build capacity into their productivity; and enable them to be a part of a dynamic financial inclusion ecosystem. which invariably solves most of the spotted problems.
eCOBbA is relentlessly working on driving industrialization by creating wealth via informal sectors in community saving groups and making sure that empowering them to become production units is achieved. Check them out at https://www.ecobba.com/.
