Our Impact - MiKashBoks - Truestone
MIKASHBOKS
A Gateway to Financial Services for the Informal Sector
Sector:
Digital Financial Services
Location:
Sierra Leone (with operations in Nigeria)
Investment year:
2021
Stage:
Early Growth
Company Details
The Challenge:
Over 80% of sub-Saharan Africa’s workforce is informal, yet most are excluded from formal finance. They rely on unsafe, informal savings schemes. Formal institutions are inaccessible, and the lack of digital profiles prevents access to credit, insurance, or secure financial tools—trapping them in economic vulnerability.
The Solution:
MiKashBoks offers mobile-first, offline-capable digital savings and lending tools. Users can save in micro amounts, build credit profiles, and access loans. The platform has 60,000 users in 18 months and partners with banks, telcos, and NGOs. Expansion is underway in Nigeria, Liberia, and Guinea.
