NewTech Friday: Mamamoni – Offering micro loans for low-income female entrepreneurs

Nkem Okocha is the Founder of Mamamoni. She spoke with Efma’s Boris Plantier about her company’s mission to provide micro business loans to low-income women in rural and urban areas in Nigeria.

What led to the creation of Mamamoni?

I started Mamamoni because of my experience as a young girl with a widowed mother who lacked financial resources to start a small business, and also out of empathy to help the poor women in my community. Most of these women cannot access funding for business because they do not have financial history, lack collateral and so on.