Sikoba Partners

We seek to partner with local governments, cooperatives, local business networks, NGOs and MFIs who can benefit from introducing Sikoba to their communities. We are also looking to work with cooperative banks and development finance institutions to become liquidity providers in the Sikoba Network.

Reach out to discover how the Sikoba IOU system can benefit your business or community by filling out the form or by sending an email to

Use Cases

Local Currencies

Setting up local currencies is a natural use case for SikobaPay. We aim for an easy set-up that will make it possible to start a local currency even for very small communities. Local currencies using SikobaPay can become easily exchangeable with other local currencies using our credit conversion feature. Of course, all standard IOU features of SikobaPay will also be available for users of such local currencies. Read More...

Direct Giving / Basic Income Programs

Instead of distributing cash, beneficiaries get a “credit” in SikobaPay, which they can use directly for purchases in participating local shops, while cash withdrawals will be subject to a fee. This will significantly reduce costs of the money distribution. Program beneficiaries and the participating shops will be able to use other SikobaPay functionalities, which can lead to an increase in local trade and small business activity. 

Optimising Micro-Credit Operations

Operations of MFIs (Micro-Finance Institutions) are often inefficient and sometimes still paper based. SikobaPay can be used as a tool to automate loan management. By onboarding local stores, cash loans can also be partially replaced by credits on the SikobaPay app, further reducing operational costs. Read More...

Alternatives for Micro-Credits

Micro-credits can carry very high interest rates and can also be difficult to obtain, especially in remote areas. When artisans and merchants start using their own credit on the SikobaPay platform for local trade, their reliance on micro-credits may decrease. That said, SikobaPay can also be used as an efficient tool to manage a micro-lending operation. Read More...

Jump-Starting Local Economies for the World’s Unbanked

In some situations, the poverty is such that even access to micro-credit is very limited. Here, a system such as SikobaPay can help to jump-start local economies. Once people realise that bank money is not absolutely necessary and have a tool for precisely keeping track of mutual credits and debits, even primitive economies may get a boost.

Inter-Company Credit Systems

Groups of companies that do business with each other on a regular basis, for example because they are located in the same geographical region, will profit from setting up interco credit systems. Instead of systematically paying each other's invoices, they register invoices in the system and only pay residual balances after periodic clearing. As a result, less bank credit is needed. Read More...

Our Local Partners

To find out how to become a partner, please contact us by sending an email to



The Beki is the only local currency in Luxembourg. More than 100 local companies accept payments in Beki, and there are over 200,000 Beki in circulation. Currently Beki exists only in the form of paper currency,  handling & counting of paper notes is problematic in times of COVID.
Sikoba will implement an electronic version of the Beki “e-Beki”, that can be used via the SikobaPay mobile app. This will reduce printing costs as well as eliminate the need to handle and count paper notes. In addition, local businesses will benefit from the IOU features of SikobaPay.



Farmers in Pakistan are often charged high interest rates when they buy supplies, fertiliser & pesticides on credit. They also sell their produce to middlemen at relatively low prices, as they have no direct contacts to city markets. Using SikobaPay technology, AgroPay will allow farmer's associations to set up community credit systems. Farmers will be able to tap into the savings of local inhabitants and, later on, to bank credit. We will also set up a virtual marketplace on which farmers will be able to list crops, allowing them to sell directly, removing the middleman.


Chelma Advisory Institute provides training and development opportunities for rural women working in the informal sector.  Following the training period, each participant receives a loan, to invest in her informal sector business. Instead of distributing cash, Chelma will introduce SikobaPay to Kisii, with the goal of providing the micro-loans as credit lines in SikobaPay.  These credit lines will be accepted by local stores in Kisii. The women will also be able to make loan repayments directly in these stores, reducing Chelma's workload.


Instead of borrowing from informal lenders, who charge up to 200% interest, small businesses will be able to borrow from their community. We will also implement a community authentication feature together with Jala, so that users can more easily participate in government handout programs.
Target to reach 100,000 users within 12 months.


Instead of borrowing cash, Te Fía users will be granted credit lines which they can use in participating stores. Cash will be used only to reimburse outstanding balances, which can be done in any participating store. Store owners will also be encouraged to use SikobaPay for other business transactions.
Aiming to reach 50,000 users within 12 months.

How can you work with us?

  • Become a local ambassador, connecting us with local networks. 
  • Become a founding member of the future Sikoba Foundation, helping us to structure the Foundation’s governance. 
  • Become a Sikoba Federation member, i.e. commit to running one of the computers of the future Sikoba Federated Blockchain. 
  • Help us with fundraising. 
  • Purchase tokens as an investment or a charitable donation. In the latter case, tokens purchased will be earmarked for poor regions, allowing Sikoba users there to transact for free. 
  • Become a liquidity provider (If you're a bank or have an e-banking license): participate in the Sikoba Network and be an interface to the traditional banking system. This will allow Sikoba users to hold fiat money directly in their SikobaPay app.

Ready to cooperate?

Telegram: @alexkampa or @margareta_res


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