Table of contents

History and
key milestones
First-of-its-kind partnership
between international NGO and leading
FinTech company transforms lives and
forever changes the face of poverty in
the developing world
In October 2015, MyBucks and
Opportunity International partner to drive
financial inclusion for 400 million
unbanked citizens of Africa
Share purchase
agreement update:
The following transactions
have been concluded.
Opportunity Kenya Limited
Banco Opportunade Mozambique
Opportunity Tanzania Limited.
Opportunity Bank Uganda Limited*
*Approved as at 1 October 2016
Opportunity International
Opportunity, Inc., a next generation microfinance
organisation that invests philanthropic and social impact
capital to spark and scale innovative solutions to global
poverty, enters into a share purchase agreement to sell six
banks serving sub-Saharan Africa to the MyBucks Group.
Opportunity International will become a minority
shareholder in MyBucks and retains at least one board
seat at the parent level and one on the board of each
bank. In addition, funding will be made available to the
African banks to ensure continued social impact and
responsibility.
“This partnership will greatly accelerate
our work to help lift more people out of
poverty, transform their lives and strengthen
their families and communities. MyBucks
will supercharge our mission by adding
significant capital, resources and expertise to
help drive financial inclusion of the unbanked
and underbanked clients throughout Africa. It
also helps us achieve our goal of creating and
sustaining 20 million jobs by 2020, which will
impact 100 million lives worldwide.”
Vicki Escarra
Global CEO of Opportunity International
The transaction is subject to customary closing
conditions and regulatory approval from the regulators
in each country.
»»
Mozambique: Transaction concluded (1 July 2016)
»»
Tanzania: Transaction concluded (1 July 2016)
»»
Kenya: Transaction concluded (1 July 2016)
»»
Uganda: Transaction concluded (1 October 2016)
“This is truly a groundbreaking partnership
between an international non-governmental
organisation and a leading FinTech company
in Africa. It offers the best of both worlds by
combining MyBucks products, credit expertise
and technology with Opportunity International’s
network, client base and expertise in using
financial services to create and expand
businesses that help break the cycle of poverty.
We’re very excited to be joining forces to impact
and improve lives in Africa.”
Dave van Niekerk
CEO of MyBucks
Where we are today*
MyBucks is a FinTech Company offering ethical
and innovative financial services to clients
Default rate since inception
less than 8%
Current operations
Botswana
Kenya
Malawi
Mozambique
Namibia
Poland
South Africa
Opportunity International
partnership countries
Mozambique
Kenya
Tanzania
Uganda
Spain
Swaziland
Tanzania
Uganda
Zambia
Zimbabwe
Operating in
13 Countries
More than 750k loans
issued since inception
More than
1000 Employees
Issued more than
€200 million
in loans since inception
Acquisitions
pending
key regulatory
approval
Malawi
Ghana
* All numbers represented are as of
31 October 2016. (Un-Audited)
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MyBucks Annual Report 2016 20
21 MyBucks Annual Report 2016