Power Financial Wellness Partners with Food for Education
Nairobi, Mar 13, 2023. Power Financial Wellness is pleased to announce that it has signed an agreement with Food For Education, a non profit organisation whose operations are aimed towards providing quality meals for students across public schools in Kenya. Under the agreement, Power will provide the staff with personal finance skills, as well as access to their earned wages, insurance services and long-term credit facilities at an affordable rate.
Since 2020 when it began operations, Power has built a fully digital platform connecting companies and their workforces to a holistic set of digital financial services. Workers are able to access their earnings at any time, withdraw funds to their M-Pesa or bank, save and invest instantly to their preferred investment option, qualify for longer term loans, and enrol in insurance products, all from the comfort of their phone.
Power’s unique service offering will enable Food for Education to empower its workforce, effectively allowing them to sign up for services on Power and plan for their future.
Power CEO Brian Dempsey said, “We are inspired by the mission of Food For Education to provide nutritious meals to primary school children in Kenya. We are honoured to be able to connect in and support the workforce that have delivered over 10 million meals! The Power solution helps to deliver financial health so that Food for Education staff can reduce finance related stress and improve the quality of their lives!”
The Food for Education People Team are able to onboard their employees with ease, thanks to Power’s user-friendly online interface, allowing the management the option to choose the modules they would like to activate for their employees and the restrictions that each of their employees can access. Each eligible employee will then receive a personalised credit limit from Power, which they will be able to access and withdraw directly to their M-pesa, bank account or even use it to pay their daily utilities.
Food for Education is a leader in providing meals to primary school going kids.
“Since partnering with Power, we have been able to provide our staff with a quick and convenient way to access secure short and long-term credit facilities. The ability to access secure loans has gone a long way in further empowering them to continue supporting their livelihoods.’’ – Ceverene Mureithi, the Head of People at Food for Education.
She added, “The Power team is very responsive and has been with us every step of the way, which has made our experience really great. The feedback from our staff so far has been very positive and we are very excited about this continued partnership. We are definitely keen to see what else Power has in store for us!”
About Power
Power Financial Wellness, Inc. was founded in 2020 and is a fintech company with operations in Kenya and Zambia along with offices in the United States and India. With over 500M workers across Africa, Power aims to expand across the continent and connect working individuals to more affordable and appropriate financial services. For more information visit: www.yourpower.io/
About Food For Education
Food For Education Foundation is a non-profit organisation that provides nutritious subsidised lunches to public primary school children in Kenya to end classroom hunger, improve nutrition, increase school attendance, and drive academic performance. As at the beginning of 2023, Food for Education had served over 13 million meals across the entire program. The organisation is on an audacious goal to feed 1,000,000 children daily by 2027. For more information visit: www.food4education.org.
Contact for More Information:
Power Financial Wellness, Inc.
Felix Ochieng
Head of Product and Marketing
felix@m-power.io
