About Akaboxi
Akaboxi is a digital financial inclusion system that enables small holder farmers in communities manage and monitor their savings together.
Akaboxi provides communities with a robust and secure way of handling savings kept in boxes, to be managed and monitored by use of a Digitalized Financial Inclusion system – A new technology that replaces the rudimentary way of keeping money in boxes and in people’s homes to a more secure, reliable and easy to monitor savings and transactions. We work with the already existing saving groups in rural areas and also create new ones where they have not existed before. These groups usually meet every week in groups of average 30 people of which about 95% are women. Akaboxi assigns every individual member in the group with Identity Cards (ID) for clear identification capturing the necessary demographic information about each member. This ID card embedded with Near Field Communication (NFC) technology which is used for identification of each member in the specific group which is also used for transactions either during saving and borrowing of money.
We work with the already existing saving groups in rural areas and also create new ones where they have not existed before.