Hillary Sang
C.E.O
A Fanaka subsidiary dedicated to expanding financial inclusion and empowering businesses across Uganda.
About us
Fanikiwa is a proud subsidiary of Fanaka Technologies, bringing years of fintech innovation, customer trust, and operational excellence into Uganda.
After a strong and transformative run in Zambia, we expanded our mission into Uganda to continue bridging financial gaps and empowering underserved communities.
The Problem Statement
Uganda's MSMEs face critical challenges that prevent them from reaching their full potential. Fanikiwa is here to bridge these gaps and unlock opportunities for growth.
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Inaccessibility of Traditional Credit Options
Only a small fraction of Ugandan businesses have formal borrowing: according to multiple surveys, only about 10% of businesses in Uganda have a bank loan or line of credit, far below Sub-Saharan African and global averages.
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Limited Financial Literacy
A 2021 Global Financial Literacy Survey estimated that only about 34% of Ugandans are financially literate meaning roughly two thirds lack essential financial knowledge to manage money well.
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Vulnerability to Financial Risks
Insurance penetration in Uganda is extremely low typically below 1% of GDP when measured as gross written premiums relative to the size of the economy. Low penetration shows that formal insurance products are not widely used across the population or businesses.
Together, we're building a more inclusive financial ecosystem for Uganda's entrepreneurs.
Core Banking Innovation
Our solution compounds trust, data, behavior and collection discipline.
Enterprise Solution
The Proposition
Most lenders offer credit.
Fanaka|The Finance ecosystem
That makes informal MSME credit
actually work.
96%
Collection Rate
5x
Efficiency Gain
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Our Capabilities
Behavioral repayment
Daily / weekly evening payments from profit, not one monthly shock. 86% of our customers pay in the evening from their proceeds.
FanakaIQ Credit score
Fast client and application scoring and recommendation powered by FanakaIQ.
Mobile-money servicing
Paperless disbursement, automated reminders and repayment across all major rails.
Embedded resilience
Financial literacy and microinsurance improve outcomes, retention and credit quality.
Field-agent float
Technology plus local relationship management keeps acquisition and repayment aligned.
Technology Stack
One Platform, Four Parts Working as One
Our Fanaka digital platform is an integrated suite of proprietary technologies designed to power inclusive finance for MSMEs.
Kula App
Customer-facing app for loan applications, repayments, financial literacy, and microinsurance.
Zanga FE App
Productivity tool for Field Entrepreneurs to onboard, support, and monitor MSME clients in real time.
Fanaka I.Q
Data intelligence engine powering credit scoring from 200,000+ behavioral and transactional data points.
USSD Access
Loans via feature phone, no internet required.
Fanaka Konnekt
Core Platform
