Carole Patrikakos, Author at Friends of Ngong Road

November 15, 2021 By Carole Patrikakos Leave a Comment

M-Pesa

Ever used Venmo, Apple Pay, Cash App, PayPal or Crypto?

By 2021, digital currency seamlessly integrated. Curious about its origins shaping deep-rooted connection in our lives? What steps and precursors did we need to take to reach where we are today? In large part, one answer to these questions is M-Pesa.

Around 2000, developed nations’ banks embraced digital expansion, exploring financial technology and new financial mediums for global transformation. Kenya, on the other hand, encountered a reluctant central bank’s response to the new ways of the world. A largely unbanked population found an opportunity to respond creatively due to this.

Enter: Telecommunications giant Vodafone and Safaricom, Kenya’s leading mobile network operator.

Thanks to a grant from the UK’s Dept. of International Development, the Pilot launched in 2006, primarily as a means for micro-lending.

However, users quickly discovered a feature that allowed for peer-to-peer transactions. They had identified one of Kenya’s biggest needs almost completely by accident. Kenyans required quicker, cheaper money transfers than costly bank options due to poverty, prompting a demand for improved solutions.

The demand for this service reared its head in the first year of M-Pesa’s launch. Safaricom set a goal for 350,000 users on their micro-finance and loaning program, which grew to the tune of over 1.2 million users. Most of which were largely utilizing the user-to-user transfer function.

M-Pesa identified service demand, aiming to offer accessible ATM features due to its expanding user community’s rapid growth. Without the time or resources to open branches at such a large scale, Safaricom utilized what already exists in Kenya; small mom-and-pop stores and even smaller specialized commerce stands. These micro-businesses were weaponized as hosts for M-Pesa Kiosks across Kenya and allowed for its meteoric rise to a significant market share of Eastern Africa’s economy.

M-Pesa has achieved an almost unmatched market penetration in any industry worldwide. Over 96% of Kenyan households are utilizing the service. Today, Sub-Saharan Africa boasts over 150 million active mobile money users thanks to M-Pesa and other similar services, accounting for nearly half of the world’s active monthly mobile money users.

July 7, 2021 By Carole Patrikakos Leave a Comment

Over 20 students have lost their sponsors. Consider sponsoring an additional student. Meet Leon.

Over the past year, more than 20 students have lost their sponsors. This is due to a variety of reasons, including the economic impact of COVID 19. The students are continuing their education, but are in need of a new sponsor.

This is Leon’s story.

Leon is 16 years old and attending Karima High School, a boys-only boarding secondary school that is one of the best national schools. He has been in the program for eight years and his sponsor recently needed to discontinue support. His sponsor’s support helped him get to this level of education and gain leadership skills through the Life Skills program, summer camp, and the Saturday program. He was a student leader in the primary department and also a squad leader during the 2019 summer camp. Leon has become assertive and gained self-confidence through these leadership roles.

Leon lives with his grandmother and two aunts. The grandmother makes beaded items, sews sweaters, crotchets tablecloths for an income. She also works as a Community Health Volunteer.

Leon’s family lives in a two-roomed house in Ngando slums. The house is made of old rusty iron sheets. Unlike most families in the slum, Leon’s home has electricity so he can study comfortably during school breaks. They buy water for domestic use from a nearby vendor. Leon sleeps on a bed. The family uses charcoal or kerosene stove to cook their meals as they are the most affordable. They share a bathroom and pit latrine with their neighbors.

Leon is an intelligent, focused, and hardworking student. He performs well academically and is usually among the top-performing students in his class. He would like to become a pilot in the future. He is outgoing, confident, and self-driven.

Sponsors discontinue support for a variety of reasons. We have committed to supporting students who enter our program until they finish their education. So when they lose a sponsor it’s important for us to find a new sponsor. If you already sponsor a student, would you consider sponsoring another one whose sponsor left? We are fortunate that someone has stepped up to sponsor Leon. But there are many other waiting students like him who need your help to ensure they can continue their studies and achieve their dreams. Explore all the waiting students here.