M-KOPA spent $156 million on local procurement in 2024, according to its first Kenya-specific Impact Report, which outlines the company’s expanding economic, social and environmental footprint in the country.
In 2024, M-KOPA spent KES 20.3 billion (approximately $156 million) on local procurement according to its latest impact report.
According to General Manager, M-KOPA Kenya, Martin Kingori, “Kenya has always been the beating heart of M-KOPA’s journey. Our 2025 Impact Report demonstrates how inclusive financing, responsible lending, and digital innovation are transforming lives at scale.”
Since 2010, M-KOPA has unlocked more than KES 207 billion (about $1.6 billion) in access to formal credit, enabling millions of low-income customers to purchase essential digital tools and services. To date, the platform has served 4.9 million customers.
Digital inclusion remains the company’s strongest impact area, with 4.5 million smartphone users, including 2.1 million first-time smartphone owners, accessing devices through its asset-financing model. M-KOPA says 67% of customers use its products for income generation, while 52% have seen their earnings increase since joining the platform, underscoring the link between smartphone access and economic opportunity in Kenya’s informal sector.
The company’s economic contribution extends to jobs and local industry. M-KOPA works with 14,000 sales agents and employs 1,320 staff directly. In addition to the $156 million in local procurement, the company paid KES 3.79 billion (about $29 million) in taxes in 2024.
M-KOPA’s Nairobi assembly plant has produced 2 million smartphones, strengthening Kenya’s manufacturing capacity and supporting circular economy practices through refurbishment and repair initiatives.
On sustainability, the firm reported avoiding 2.03 million tonnes of CO₂e through its solar energy products, refurbished devices and growing e-mobility portfolio. The company has sold more than 5,000 electric motorbikes, aimed at reducing emissions while lowering operating costs for riders.