ABALOBI is a pioneering social enterprise that champions the welfare and financial inclusion of small-scale fishing communities in Africa, particularly in South Africa and the Seychelles. The organisation leverages technology, skills development, and co-design to assist fishers with tools and resources that enhance their financial stability and operational efficiency.
Central to ABALOBI's mission is its innovative smartphone application, which integrates various functionalities crucial to the fishing trade. This app offers e-commerce capabilities, logistics management, digital payments, and comprehensive data services. By facilitating direct market access and providing logistical support, ABALOBI ensures that fishers receive fair prices for their catch, reducing the reliance on intermediaries and enhancing income transparency.
The app also enables fishers to divert a portion of their revenue into dedicated savings accounts. This feature is particularly vital for managing financial resources effectively, allowing fishers to build funds for critical expenses such as boat maintenance and household needs, especially during off-seasons. By promoting a culture of saving, ABALOBI helps mitigate the financial instability that often plagues small-scale fishers.
ABALOBI’s model is built on the principles of co-design, ensuring that the solutions provided are tailored to the unique needs of the fishing communities. This participatory approach not only enhances the relevance and effectiveness of the services but also fosters a sense of ownership among the fishers.
In addition to financial services, ABALOBI places a strong emphasis on sustainability and data-driven decision-making. The platform provides robust data services that help fishers track their catches, monitor fishing patterns, and ensure compliance with sustainable fishing practices. This focus on data and traceability is crucial for preserving marine ecosystems and ensuring the long-term viability of the fishing industry.
ABALOBI’s impact extends beyond financial inclusion. The enterprise actively engages in community development, offering training and capacity-building programs that enhance the skills and knowledge of fishers. These initiatives are designed to build resilience and adaptability, equipping fishers with the tools needed to navigate the challenges of a rapidly changing world.
Looking ahead, ABALOBI aims to scale its operations globally, with ongoing projects in countries like Kenya, Madagascar, Ireland, and Chile.