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Jeffrey Whitlock

A Drop in the Ocean - Introduction to Microfinance Seminars (session 1) by Daan Harmsen... - 0 views

    • Jeffrey Whitlock
       
      I highly suggest checking out this pretzi on microfinance. It might be a bit hard to understand if you are just becoming acquainted with the subject. I might suggest reading the Wikipedia article on it first.
Jeffrey Whitlock

BYU - Marriott School - Economic Self-Reliance - What is Microfranchising? - 0 views

    • Jeffrey Whitlock
       
      We are blessed to be at a school that is heavily involved in social entrepreneurship. BYU, in many ways, is one of the leading schools of thought in the microfinance realm. Consider this new innovative model which was largely developed at BYU: microfranchising
Kristen Nicole Cardon

Cellphones - Third World and Developing Nations - Poverty - Technology - NYTimes.com - 1 views

  • The premise of the work is simple — get to know your potential customers as well as possible before you make a product for them. But when those customers live, say, in a mud hut in Zambia or in a tin-roofed hutong dwelling in China, when you are trying — as Nokia and just about every one of its competitors is — to design a cellphone that will sell to essentially the only people left on earth who don’t yet have one, which is to say people who are illiterate, making $4 per day or less and have no easy access to electricity, the challenges are considerable.
  • Text messaging, or S.M.S. (short message service), turns out to be a particularly cost-effective way to connect with otherwise unreachable people privately and across great distances. Public health workers in South Africa now send text messages to tuberculosis patients with reminders to take their medication. In Kenya, people can use S.M.S. to ask anonymous questions about culturally taboo subjects like AIDS, breast cancer and sexually transmitted diseases, receiving prompt answers from health experts for no charge.
  • A cellphone in the hands of an Indian fisherman who uses it to grow his business — which presumably gives him more resources to feed, clothe, educate and safeguard his family — represents a textbook case of bottom-up economic development, a way of empowering individuals by encouraging entrepreneurship
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  • For this reason, the cellphone has become a darling of the microfinance movement
  • companies like Wizzit, in South Africa, and GCash, in the Philippines, have started programs that allow customers to use their phones to store cash credits transferred from another phone or p
  • urchased through a post office, phone-kiosk operator or other licensed operator
  • Interestingly, the recent post-election violence in Kenya provided a remarkable case study for the cellphone as an instrument of both war and peace.
  • Carrying a full-featured cellphone lessens your needs for other things, including a watch, an alarm clock, a camera, video camera, home stereo, television, computer or, for that matter, a newspaper. With the advent of mobile banking, cellphones have begun to replace wallets as well.
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    Chipchase has a cool job :)
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