Kifiya Financial Technology, established in 2012, is an Ethiopian technology company dedicated to creating equitable access to financial services. The company operates in the FinTech, AgTech, eCommerce, and Mobility sectors, with a focus on designing digital platforms for secure, affordable, and accessible transactions. Additionally, Kifiya has a Market Solutions Practice that implements social impact initiatives using fintech platforms.

Kifiya has partnered with the Predictive Analytics Lab to provide capacity-building training to staff members of its partner Banks, MFIs, and Fintechs. The training aims to equip executives and operational staff with a comprehensive understanding of technological and social changes driving disruption in the financial services industry. Specific objectives include awareness of trends like invisible banking, exploring changes in the financial services marketplace, and understanding the importance of digital lending for financial inclusivity in emerging markets.

The training content is structured around three curriculum subjects:

1. Non-collateralized credit concept and business case.
2. Credit scoring principles and practices, including case studies.
3. Exposure and technical training.

The training focuses on key aspects such as the need for a digital lending strategy, awareness of successes and best practices in digital money lending, and the importance of a well-designed information model to align analysts’ focus with business objectives. It also emphasizes considerations for capturing diverse data for building credit scoring, adopting a realistic approach to data quality, and implementing checkpoints to ensure compliance with relevant regulations in money lending.

Projects that we have already completed

1. Uncollaterized digital lending based on Credit Scoring training and exposure visit held on 21st – 25th February 2022 at Ibys Hotel Nairobi Kenya

-Participants: Executives from Kiffiyya Technologies and the commercial team from Cooperative Bank of Oromia

1. Principles and practices of digital lending training held on 9th – 12th May 2023 at Ellily Hotel, Addis Ababa Ethiopia

-Participants: Executives and operation staff from Qena Software Design and Development Company and Enat bank 

1. Digital financial lending principles and practices training held on 13th – 16th November 2023 at Swissin Nexus Hotel in Addis Ababa Ethiopia

-Participants: Executive and operational staff from Qena Software Design and Development Company and Bunna Bank