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Inspiration for MICC came while Jonah Chininga was attending a UN youth conference on sustainability in 2019. Discussions around financial inclusion got him thinking about the idea of turning rotational savings, which has been practiced in developing regions like Africa for centuries, into a digital process.
He and MICC’s three other co-founders (Daniel Ohaegbu, Sergio Fernandez and James Muhato) knew there were problems with financial inclusion because, as international students, they experienced them firsthand. “We all experienced financial challenges with accessing credit, building credit and not being accommodated by the current financial system. And that’s where the passion and drive came to look for something else that’s more accommodating.”