Jamii.one is a digital platform that enables groups to manage their financial records and access affordable insurance products through a single smartphone. It addresses the lack of accessible financial services and insurance coverage for communities, providing accurate record-keeping and protection against financial shocks.
Funding
$200K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Savings groups in emerging markets often rely on manual record-keeping, which is prone to errors, lacks transparency, and makes it difficult for members to track their individual contributions and loan status. This can lead to mistrust, disputes, and limited access to formal financial services.
Solution
Jamii.one provides a digital platform for savings groups to manage their financial records and access affordable insurance products. The mobile app enables groups to move from paper ledgers to a secure, transparent digital system for recording attendance, shares, loan repayments, and other transactions. By digitizing their records, groups can improve accuracy, build trust among members, and gain access to financial services such as micro-insurance and business loans. The platform is designed to be user-friendly, even for first-time smartphone users, and supports multiple local languages.
Target Audience
The primary target audience is savings groups (Edir, VSLA, SHG, SILC, and similar) in emerging markets, as well as their individual members.
Features
- Digital record-keeping for attendance, shares, loan repayments, new loans, and late fees
- Offline synchronization to allow usage in areas with limited internet connectivity
- Automatic calculations to ensure accuracy and transparency
- Individual member access to track savings and loan status
- SMS notifications to keep members informed
- Integration with financial partners to provide access to insurance and loan products
- Support for multiple languages, including English, Amharic, Afaan Oromoo, and Somali