Purpose Statement :
Upholding the dignity of the human person through investment.
Our Vision :
Sustained livelihoods of women and youth through business
Connecting people and empowering communities through provision of financial services (increasing access to capital/ affordability and flexibility).
At Jumpstart Africa, we are guided by the following core values:
- Integrity – We seek to be accountable, transparent , honest and fulfilling commitments in all we do
- Customer-centricity – Internal and external customers experiencing a positive feeling when they do business with us
- Teamwork – We develop mutual trust and respect between employees and clients and we deal with team dysfunctions in a constructive way)
- Empowerment – We enable people to be able, we give them enough information to make their own informed decisions with an abundant mentality – we enjoy seeing our employees and clients develop and prosper)
- Inclusiveness – We believe all human being were made equal we focus on the inclusion of the less privileged to create value for them and society so as to meet their basic and developmental needs
Around the world, three billion people survive on less than $2.50 per day. They live without the financial tools and basic services that enable equal progress toward better lives. Without the income to sustain themselves or the ability to access life-improving products, their quality of life remains poor. Jumpstart Africa tackles this challenge through market-based solutions, including microfinance and social enterprise.
Living Financially Excluded
Individuals living in some of the world’s most challenging economies have long been unbanked. In fact, 1.7 billion people globally do not have access to formal financial services; 56 percent of them are women. More than 200 million micro, small and medium-sized enterprises in emerging economies lack adequate financing to thrive and grow. Without access to financial services, the world’s poor struggle to start or expand a business, save for a child’s education, pay for health care, plan for the future or cope with unexpected emergencies.
In many African countries, women face a number of challenges ranging from having no access to assets and productive resources, exposure to gender violence, unpaid work to being forced into early marriages. These factors and many others make a greater reduction in the ability of women to fully participate in activities that bring about empowerment and economic growth. About 75% of world women cannot get access to formal bank loans because they lack permanent employment and security to offer as collateral.
Women face higher constraints in accessing start-up and growth funds .
In Uganda, women access 9 % of the available credit.
Financial inclusion is a key enabler to reducing poverty and increasing opportunity. Since 2016, Jumpstart Africa has enabled bottom-up growth in slums and areas around Kampala Uganda. We do so by offering access to small loans and other financial services that low-income people otherwise would not have. Jumpstart Africa serves its microfinance clients through solidarity groups and this allows us to maintain personal relationships and trust with clients while reaching deeper into the bottom of the economic pyramid.
Our Investment Approach
Jumpstart Africa is alleviating poverty through microcredit and social enterprises. We prefer an approach that is sustainable, empowering and upholds the human dignity through investment. Our work is guided by a commitment to market-based solutions, and a belief in the inherent resources and strengths of those living in poverty to pursue and achieve their dreams.
Sometimes these dreams can seem modest, such as fixing a leaking roof or ensuring that a child has books for school. Often Jumpstart Africa’s clients have bigger dreams, including building small businesses that create jobs and improve livelihoods.