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mehdibella

AgroCenta-Empowering-smallholder-farmers-through-finance-information-and-market-access.pdf - 0 views

ghana Fintech Agrocenta

shared by mehdibella on 08 Feb 21 - No Cached
  • In 2016, AgroCenta set out to address these challenges. In a country where agriculture is the primary economic occupation of many — employing 52 per cent of Ghana’s labour force — the AgriT ech start-up launched AgroTrade, an online platform that connects smallholder farmers in the staple food value chain to a wider online market.
    • mehdibella
      mehdibella on 13 Feb 21
       
      agrocenta made it possible for many farmers to get the possibility to engage the community with technology and actually gain more and save to make better products
  • AgroCenta had registered 46,100 smallholder farmers on the AgroTrade platform across four regions and 640 communities. Since launching AgroPay in January 2019, 2,750 smallholder farmers in two regions of Ghana are now active on the platform.
  • AgroCenta has hosted and provided over 500 farmer engagement sessions and trainings since launch. Skilled professionals deliver these sessions in farming communities and methodologies are continuously updated to reflect state-of-theart farming practices.
  • ...2 more annotations...
  • AgroCenta received a grant from the GSMA Ecosystem Accelerator Innovation Fund in November 2018 to further develop and scale its financial solution, AgroPay.
  • AgroCenta eliminates inefficiencies in the value chain and ensures farmers are remunerated fairly.
  • mehdibella on 08 Feb 21
     
    AgroCenta has been fighting over two main causes: Lack of access to structured markets, which leaves the poor and illeterate at the mercy of predatory brokers or middlemen who buy at exploitative prices, and lack of access to finance, which means they may never move beyond smallholder farming to middle-level or even commercial farming
mehdibella

AgroCenta: Digital food distribution platform creating shared value for businesses and ... - 2 views

agrocenta.com/about

Fintech Agrocenta ghana

shared by mehdibella on 07 Feb 21 - No Cached
  • Our Cropchain and LendIt platforms solve these two problems. Cropchain is our user-friendly integrated agricultural supply chain management platform that allows organizations to manage everything in the agricultural supply chain from outgrower schemes, logistics, traceability to digital trading, quality assurance and data analytics. LendIt, our financial inclusion platform enables farmers access digital services such mobile money payments for commodities sold, micro-lending/input financing, crop insurance and pension scheme for the informal sector.
    • nouhaila_zaki
      nouhaila_zaki on 07 Feb 21
       
      This excerpt is important because it highlights how AgroCenta solves two persistent problems in the Ghanian agricultural value chain. First, agricultural supply chain management is ensured through the Cropchain platform. Second, the financial inclusion mission of the company is ensured by the LendIt platform.
  • Our Cropchain and LendIt platforms solve these two problems. Cropchain is our user-friendly integrated agricultural supply chain management platform that allows organizations to manage everything in the agricultural supply chain from outgrower schemes, logistics, traceability to digital trading, quality assurance and data analytics. LendIt, our financial inclusion platform enables farmers access digital services such mobile money payments for commodities sold, micro-lending/input financing, crop insurance and pension scheme for the informal sector.
    • aminej
      aminej on 08 Feb 21
       
      This article shows that AgroCenta is built around an online trading platform which connects smallholder farmers to a larger structured market. It was founded by two ex-esoko employees Francis Obirikorang and Michael K. Ocansey in 2015. It is located in Ghana and more precisely in the capital which is Accra. The service is used through a smartphone so the main target customer here will be small holder farmers who have a phone.
  • Onboarding smallholder farmers onto the AgroCenta platform. Agents visit communities where smallholder farmers who deal in sorghum, rice, maize, millet and soybean are registered onto the AgroCenta platform to trade. Agents also work with farmer based organizations (FBOs) to carry out trading activities. 2 Facilitating trade deals on behalf of Smallholder farmers. Agents deal with buyers who wish to purchase directly from smallholder farmers. AgroCenta agents are trained in the field of technology, sales and marketing to effectively help smallholder farmers who have little or no knowledge of technology trade easily. 3 Gathering market information and statistical data. Agents are assigned to major trading markets across the country to collate data on market pricing for various commodities. This information is relayed to smallholder farmers via Voice technologies in languages they read and understand.
    • sawsanenn
      sawsanenn on 08 Feb 21
       
      This excerpt is important because it shows how Agrocenta's agents help smallholder farmers, what are the responsibilities they have towards their customers. Plus, it encourage other farmers to join the digitalization world to improve their businesses.
  • ...6 more annotations...
  • Onboarding smallholder farmers onto the AgroCenta platform. Agents visit communities where smallholder farmers who deal in sorghum, rice, maize, millet and soybean are registered onto the AgroCenta platform to trade. Agents also work with farmer based organizations (FBOs) to carry out trading activities. 2 Facilitating trade deals on behalf of Smallholder farmers. Agents deal with buyers who wish to purchase directly from smallholder farmers. AgroCenta agents are trained in the field of technology, sales and marketing to effectively help smallholder farmers who have little or no knowledge of technology trade easily. 3 Gathering market information and statistical data. Agents are assigned to major trading markets across the country to collate data on market pricing for various commodities. This information is relayed to smallholder farmers via Voice technologies in languages they read and understand.
    • sawsanenn
      sawsanenn on 08 Feb 21
       
      This excerpt is important because it shows how the Agrocent'as agents help the smallholders' farmers access different financial services, plus it encourages the other farmers to join the digitalization world and develop their businesses
  • Our Cropchain and LendIt platforms solve these two problems. Cropchain is our user-friendly integrated agricultural supply chain management platform that allows organizations to manage everything in the agricultural supply chain from outgrower schemes, logistics, traceability to digital trading, quality assurance and data analytics.
    • mehdibella
      mehdibella on 13 Feb 21
       
      this section shows how much Agrocenta is dealing with its supply chain management to allow farmers benefit from different schemes
  • AgroCenta is made up of dedicated and talented people. Our core team is made up of project managers, agricultural experts and consultants, software developers, regional and district managers and field agents.
  • Onboarding smallholder farmers onto the AgroCenta platform. Agents visit communities where smallholder farmers who deal in sorghum, rice, maize, millet and soybean are registered onto the AgroCenta platform to trade. Agents also work with farmer based organizations (FBOs) to carry out trading activities.
    • mehdibella
      mehdibella on 13 Feb 21
       
      AgroCenta is made up of dedicated and talented people. Our core team is made up of project managers, agricultural experts and consultants, software developers, regional and district managers and field agents.
  • ase directly from smallholder farmers. AgroCenta agents are trained in the field of technology, sales and marketing to effectively help smallholder farmers who have little or no knowledge of technology trade easily.
  • AgroCenta is made up of dedicated and talented people. Our core team is made up of project managers, agricultural experts and consultants, software developers, regional and district managers and field agents.
    • ghtazi
      ghtazi on 13 Feb 21
       
      this part is important because we can see how devoted and dedicated is agrocenta when it comes to choosing their team
  • aminej on 08 Feb 21
     
    Some of the advantages that will come with this platform are reducing unemployment and connecting between the lower social class and the high social class in order to develop relations and improve their services. Farmers will gain more profit since it will become more regulated and distribution facilities will be smoother between the two
hindelquarrouti

Good practice - M-PESA International Money Transfer Service, Safaricom - 0 views

www.ilo.org/...lang%3Den%26p_practice_id%3D70

M-peas International money transfer

shared by hindelquarrouti on 12 Feb 21 - No Cached
  • M-PESA's International Money Transfer (IMT) service allows anyone wishing to send money to Kenya to visit one of several Safaricom IMT partners (such as Post Finance, World Remit, and Western Union) and send money to an M-PESA mobile phone in Kenya. Money transfers are received almost instantly, and at no expense to the recipient.
  • M-PESA is the result of a partnership between Vodafone and Safaricom, a Kenyan mobile network operator. M-PESA's International Money Transfer (IMT) service allows anyone wishing to send money to Kenya to visit one of several Safaricom IMT partners (such as Post Finance, World Remit, and Western Union) and send money to an M-PESA mobile phone in Kenya.
  • chaimaa-rachid on 12 Feb 21
     
    M-Pesa is designed for everyone but it is explicitly intended for customers who do not have access to banks or because they don't have a bank account or in light of the fact that they live excessively far away from a bank office.
  • hindelquarrouti on 13 Feb 21
     
    M-pesa, that promoted financial inclusion in Kenya, was originally created from a partnership between Vodafone and Safaricom. It has enabled Kenyans to send money and make online payments. Also, it has made sure that the transfers were made instantly and no expenses were made for the receiving party.
sawsanenn

Paga Definition - 0 views

www.investopedia.com/...paga.asp

FinTech E-payments Nigeria competition

shared by sawsanenn on 13 Feb 21 - No Cached
  • In order to prevent fraudulent transactions, Paga has put certain measures in place to protect its users. A user logging into an unrecognized device, for example, will have to answer a couple of security questions before proceeding. Again, every transaction using Paga has to be finalized with a personal PIN known only to the user.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Paga has placed such steps in place to protect its users in order to discourage fraudulent transactions. For example, a user logging into an unrecognized computer would have to answer a few safety questions before continuing. Again, with a personal PIN is known only to the user, any transaction using Paga must be finalized.
  • With Paga, customers are able to deposit and save money, purchase prepaid phone credit, pay utility and cable bills, and make payments to retailers. The partnership between Paga and Western Union also has the added benefit where Western Money transfers sent to users can be deposited into their Paga accounts.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it discusses Paga's offerings fist, before moving to how Paga's partnerships, here with Western Union, helped the fintech improve its offerings.
  • Paga was introduced in Nigeria to take advantage of the cash buildup in the system and to create a means whereby financial services are available to all. Although the banking sector in Nigeria is not easily accessible to everyone, the telecommunications industry has been more successful in reaching a large portion of the country’s population. The collaboration of both the banking and telecom sector has given rise to mobile banking platforms like Paga, where a user can perform basic financial transactions with the use of a cellphone. Paga works through a mobile phone application or online through the company’s website.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it narrates the context in which Paga emerged. The combination of a large unbanked/underbanked population and high accessibility to telecommunications contributed to the establishment and subsequent success of Paga n Nigeria.
  • ...1 more annotation...
  • A number of other mobile wallet and payment service platforms are increasingly being implemented in emerging nations that have a high percentage of unbanked groups. M-Pesa, MTN Mobile Money, Airtel Money, and Orange Money are examples of mobile banking applications that are being employed to include all people in the growing digital financial sphere.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt talks about companies that strated to offer the same services as paga which made them competitors to paga
ghtazi

People on the Move: Islamic Finance for Pastoralists in the Horn of Africa - 0 views

www.findevgateway.org/...nance-pastoralists-horn-africa

Mobile Money Payments

shared by ghtazi on 13 Feb 21 - No Cached
  • Belcash’s CEO will describe the partnership and challenges he has faced in rolling out an agent network targeting pastoralist clients at the 2015 SEEP Opening Plenary: Private Sector Partnerships: Creating Sustained Impact
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      The challenge is explained by the lack of trust that the customers have toward digitalization. However, I think nowadays partnership is not a challenge as it was.
  • BelCash Technology Solutions PLC - a Mercy Corps partner and Ethiopia’s first mobile and agent banking technology platform to launch agent-based mobile money services in Ethiopia’s Somali region.
    • ghtazi
      ghtazi on 13 Feb 21
       
      we can see in this part that belcash is Ethiopia's first mobile and agent banking technology platform. In this article, we can also see how The CEO of belcash describes the partnership and challenges he has faced during the launching of belcash.
mohammed_ab

#40Days40FinTechs: JUMO is offering social impact financial products to the unbanked. |... - 1 views

money.hipipo.com/...ncial-products-to-the-unbanked

JUMO SME Emerging Markets

shared by mohammed_ab on 12 Feb 21 - No Cached
  • The HiPipo chief executive officer Innocent Kawooya expressed his excitement about JUMO’s financial inclusion efforts, saying that its products are taking a lead in democratising lending and borrowing.“We are excited to interact with JUMO, a company that is enhancing financial inclusion in over 10 countries and serving more than 16 million customers.”
  • Reimagining finance in emerging markets by extending financial services to the underserved and the excluded has been JUMO’s goal since inception.
  • Reimagining finance in emerging markets by extending financial services to the underserved and the excluded has been JUMO’s goal since inception. This explains why it chose to specialize in social impact financial products where small businesses that are financially excluded can access loans and savings products.
  • ...1 more annotation...
  • During the same period, they have disbursed over $1 billion and record over 51 million interactions with customers monthly.  Over 120 million people have been connected to financial choices while the cost of transaction has been reduced significantly.
  • hichamachir on 12 Feb 21
     
    JUMO's great job made other companies to be proud of making a partnership with them. This is a good example of a successful company.
  • mohammed_ab on 13 Feb 21
     
    I like the service Jumo offers. The company provides loans to small businesses and SMEs that have difficulties accessing financial services. It's amazing to see the number of transactions they have made during one year.
sawsanenn

Innovation : Proparco signe son 1er investissement dans JUMO, une Fintech pou... - 0 views

choose-africa.com/...fintech-prets-digitaux-afrique

Financial inclusion Africa FinTech Service Asia

shared by sawsanenn on 13 Feb 21 - No Cached
  • Avec cette prise de participation de 3 millions de dollars, Proparco soutiendra la croissance de JUMO. Elle contribuera au développement de l’inclusion financière des populations exclues du système bancaire formel. Deux tiers des clients de JUMO sont issus du secteur informel.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Proparco will finance JUMO's development with this $3 million equity investment. It will contribute to the development of the financial inclusion of populations excluded from the formal banking system. Two-thirds of JUMO's clients come from the informal sector.
  • Sensible aux principes de protection de la clientèle, JUMO a mis en place un comité d’éthique qui évalue, de manière indépendante, le respect des bonnes pratiques. La société a par ailleurs collaboré avec des organisations telles que The Smart Campaign pour adapter les standards de protection de la clientèle aux services financiers digitaux, en mettant notamment l’accent sur les aspects de confidentialité des données. En 2017, la Fondation MasterCard a désigné JUMO comme l’entreprise la plus client-centric, proposant des services financiers et travaillant avec des clients à faibles revenus dans les marchés émergents.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt explains how ethics are part of Jumo's identity. The company has put a lot of efforts into adapting its standards for digital customer protection to international standards while putting an emphasis on data confidentiality.
  • Au-delà, ce financement contribuera à améliorer leurs conditions de vie. Certains emprunteurs font usage de leur prêt pour couvrir des frais urgents et investir dans leur entreprise. Ce projet contribuera à leur autonomisation financière. Enfin, il appuie la création et le maintien d’emplois aussi bien au sein de JUMO qu’indirectement, au sein du secteur privé informel, en soutenant l’emploi des entrepreneurs et de leurs employés.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt reflects the financial inclusion concern that Jumo holds as a priority. Jumo provides underbanked/unbanked populations with the opportunity to access loans without collateral, which significantly contributes to the improvement of these people's lives et financial independence.
  • ...1 more annotation...
  • La majorité des clients actuels de JUMO ne dispose que de très faibles revenus (80 % des clients tanzaniens vivent avec moins de 4 dollars par jour). Ce sont des personnes qui accèdent généralement au crédit formel pour la première fois. Par exemple, 81 % des clients tanzaniens et 77 % des clients zambiens déclarent n’avoir jamais obtenu de prêt formel auparavant.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Because the main customers of Jumo are from Africa and more specifically sub-Saharan countries and south African countries where the rate of unemployment is high as well as poverty.
mohammed_ab

Don't Fear the Algorithm: The Risks and Benefits Of Machine Learning in Finance - NextB... - 0 views

nextbillion.net/rithm-machine-learning-finance

JUMO Africa Financial inclusion Machine Learning

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Machine learning is a critical component of this process, as it allows us to enhance our predictive ability to better identify these qualifying customers. As a result, we are making significant strides towards our goal of creating the world’s leanest and lowest-cost banking infrastructure. This helps our bank partners offer loans at the lowest possible rate, and it helps our customers to achieve higher-yield savings. We’ve proven that our model works. Twelve million customers in Africa and Asia have saved or borrowed on the JUMO platform, and roughly 70% of these customers are micro and small businesses. We’re incredibly proud of our progress so far – but we know there’s more we can do.
  • To test our approach, we looked at Ghana, running new and advanced machine learning algorithms on signals associated with a pool of lending applicants. The goal was to identify combinations of signals — from income size and deposit frequency to mobile phone battery life and mobile wallet transaction patterns — that would serve as more accurate indicators of likely fraud than existing models.
  • mohammed_ab on 13 Feb 21
     
    This article explains how machine learning is used as a tool to identify potential customers for JUMO. It's quite amazing to see that machine learning take into account things like the battery life of your phone, data usage, mobile money transactions as components to make a lending decision
nouhaila_zaki

Vodafone targets Africa's unbanked with ambitious plans for M-Pesa | Financial Times - 0 views

www.ft.com/...8e-e07d-11e9-9743-db5a370481bc

M-Pesa Kenya Vodafone Partnerships Offerings

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Any move to disrupt M-Pesa would have a dramatic effect on the Kenyan economy. Joshua Oigara, head of the Kenyan bank KCB Group which is a partner of Safaricom for M-Pesa, estimates that about a quarter of Kenya’s gross domestic product is processed over the platform. M-Pesa is already used to pay salaries, book bus tickets and settle invoices in most of its markets. In Kenya it has expanded into more advanced financial services including small loans, supply chain finance, insurance and a growing number of in-store and ecommerce services.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important, not only because it enumerates the different product offerings of M-Pesa i.e. salaries' payment, loan provision, supply chain finance, insurance etc. And most importantly, the excerpt emphasizes the role of M-Pesa as the backbone of Kenyan economy.
nouhaila_zaki

M-Pesa - Wikipedia - 0 views

en.wikipedia.org/M-Pesa

M-Pesa Financial inclusion Kenya

shared by nouhaila_zaki on 12 Feb 21 - No Cached
  • M-Pesa is a branchless banking service; M-Pesa customers can deposit and withdraw money from a network of agents that includes airtime resellers and retail outlets acting as banking agents.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      M-PESA is unique because it offers branchless banking which makes transactions more efficient.
  • It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan and South Africa. Meanwhile services in India, Romania, and Albania have been terminated amid low market uptake. M-Pesa allows users to deposit, withdraw, transfer money, pay for goods and services (Lipa na M-Pesa), access credit and savings, all with a mobile device.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      I like this excerpt because it describes where M-Pesa has successfully expanded and where the company's expansionist efforts failed.
  • M-Pesa is widely seen as demonstrating that it is possible to make a profit while also improving the lives of the poor.[28] Tavneet Suri, based at the Massachusetts Institute of Technology, and William Jack, based at Georgetown University have produced a series of papers extolling benefits of M-Pesa. In particular, their 2016 article published in "Science" has been very influential in the international development community. The much cited result of the paper was, that 'access to M-PESA increased per capita consumption levels and lifted 194,000 households, or 2% of Kenyan households, out of poverty.[29] Global development institutions focusing on the development potential of financial technology frequently cite M-Pesa as a major success story in this respect, citing the poverty-reduction-claim and including a reference to Suri and Jack’s 2016 signature article. In a report on "Financing for Development", the United Nations write: "The digitalization of finance offers new possibilities for greater financial inclusion and alignment with the 2030 Agenda for Sustainable Development and implementation of the Social Development Goals. In Kenya, the expansion of mobile money lifted two per cent of households in the country above the poverty line."[30]
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reports on academic research describing how M-Pesa is the living example of how the search for profit is not antithetical to inclusion and improvement of lives of the poor. Using M-Pesa as a case study, several researchers praise fintech for its ability to offer greater financial inclusion.
mehdibella

FarmDrive LTD | F6S - 0 views

www.f6s.com/farmdriveltd

Fintech Farmdrive kenya

shared by mehdibella on 07 Feb 21 - No Cached
  • FarmDrive is a tech-driven social enterprise working at the intersection of technology, agriculture and finance. FarmDrive is improving the livelihoods of smallholder farmers in Africa by using new technology and alternative data to increase availability of capital; mitigating both financial and operational risks while creating shared value for other players in the value chain.
    • hibaerrai
      hibaerrai on 07 Feb 21
       
      FarmDrive gives the opportunity to smallholder farmers to extract loans and have access to different financial services to manage their small businesses.
  • FarmDrive understands smallholder farmers uniquely through dynamic datasets and translates this to financial institutions. More than 50 million smallholder farmers in Africa are struggling to make a living due to lack of capital to improve their farming activities.
  • FarmDrive has developed a platform that gathers data on smallholder farmers both from the ‘ground’ and ‘data from the sky’. FarmDrive uses sophisticated algorithms to turn that data into comprehensive credit profiles of “unbanked and underbanked” smallholders who have little access to credit.
    • mehdibella
      mehdibella on 13 Feb 21
       
      this solution is a catalyst to reduce the operational costs while increasing operational efficiencies. The platform allows them to do so by using modern technology, and an immense amount of data captured by the solution interfaces.
  • ...1 more annotation...
  • The solution is a catalyst to reduce the operational costs while increasing operational efficiencies. Whether credit providers are seeking to better minimize their credit risk exposure, digitize their loan application processes, or streamline their new client outreach, the FarmDrive platform allows them to do so by using world-class algorithms, modern technology, and an immense amount of data captured by the solution interfaces.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      FarmDrive solution presents a win-win situation for both financial and credit institutions and farmers; from mitigating risk to having access to financing and increasing performance and operational efficiency.
  • kenza_abdelhaq on 13 Feb 21
     
    "The solution is a catalyst to reduce the operational costs while increasing operational efficiencies. Whether credit providers are seeking to better minimize their credit risk exposure, digitize their loan application processes, or streamline their new client outreach, the FarmDrive platform allows them to do so by using world-class algorithms, modern technology, and an immense amount of data captured by the solution interfaces."
mohammed_ab

How can AI facilitate fintech algorithms to manage your finances? | by Shadeeb Hossain ... - 0 views

towardsdatascience.com/age-your-finances-2c11a1afec74

Fintech Strategy Artificial Inteligence M-Pesa

shared by mohammed_ab on 13 Feb 21 - No Cached
  • AI algorithm can play predictive roles to improve asset management among individuals or large corporations. It can keep track of notable and recurring expenditure that are responsible for increasing client’s debt portfolio. Financial data management is crucial to predict the future of the economy. AI algorithm can process these large financial data through smart programming and predict client investment strategies. Also these data can be used to predict fraudulent activities.
  • mohammed_ab on 13 Feb 21
     
    M-Pesa can use Artificial Intelligence in order to reduce the cost of data management and also you can use AI to present your different product offerings with no need of investing too much in human labor.
hibaerrai

Fintech Cloud Strategy | Synechron - 0 views

www.synechron.com/...fintech-cloud-strategy

Fintech Cloud Strategy

shared by hibaerrai on 13 Feb 21 - No Cached
  • As Financial Services organizations think through their FinTech and Cloud Strategy, while there’s clear momentum across industries, and in Financial Services itself, there are still security and efficiency challenges that need to be addressed.
  • Cloud wastage remains a pain point that can be addressed by going serverless and a solid approach to security needs to be central to the strategy. According to McAfee, 1,004 distinct cloud services being used by the average financial services firm, a 32.1% YOY growth – based on a survey of 3.7M finance employees over 14,000 cloud services. What’s more, according to MarketsandMarkets, the predicted size of the Finance Cloud Market is expected to reach $29.47B by 2021, which represents a 24.4% CAGR.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Fintech Cloud Strategy
kaoutarchennoufi

Finances | Kiva - 0 views

www.kiva.org/finances

KIVA Donations Lenders OperationsCosts

shared by kaoutarchennoufi on 12 Feb 21 - No Cached
  • Kiva covers operating costs primarily through the generosity of our lenders, who can choose to make donations in addition to loans. We cover more than two-thirds of our operating costs through these voluntary donations from Kiva lenders. The remainder of our costs are covered through grants, donations from foundations and supporters and Field Partner service fees. This model of fundraising helps promote sustainability, by keeping our fundraising costs low and tapping into the power of the crowd to help cover our costs.
    • kaoutarchennoufi
      kaoutarchennoufi on 12 Feb 21
       
      Covering the operations costs by the donations provided by the lenders in addition to the loans in such a clever and innovative cost reduction strategy. Moreover, the transparency that Kiva is showing to the lender will encourage them to give more loans and donations. In other words, they know where their money goes. Otherwise, lenders might think that by donating, they are contributing to the salary of organization's CEO for example and therefore they will refuse to make any kind of donations or even provide loans.
  • Kiva User Funds LLC is a separate entity that holds all funds belonging to Kiva users in FDIC-insured, escrow-like bank accounts. These low-yielding FBO accounts were set up to ensure Kiva users’ funds (meant for lending) are protected and fully separated from Kiva’s operational funds.
  • 100% of your loans go to the field Kiva never takes a fee from lenders, which means 100% of the funds you lend on Kiva go toward supporting borrowers’ loans.
  • ...1 more annotation...
  • Kiva Microfunds is based in California and registered as a 501(c)(3) nonprofit organization. All donations made to Kiva go to support Kiva Microfunds and are used to cover the operating costs of running Kiva.
kenza_abdelhaq

AgroCenta CEO on the Challenges of Entrepreneurship in Ghana - 0 views

www.seedstars.com/...llenges-entrepreneurship-ghana

AgroCenta Ghana Specialized market

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • Does being an entrepreneur in Ghana – and in a developing economy in Africa – presents any ulterior challenges you had overcome?Being an entrepreneur in Africa and in emerging markets, in general, is quite difficult because of the lack of structure and supports put in place by the government. It requires a lot of courage and persistence to get the simplest things done. Any simple tech solution that you might want to build can end up being a very complex challenge because it relies on services that do not exist or don’t work properly. Access to funding also remains a big problem for many entrepreneurs who will need money to test, pilot and scale a platform or a solution. Many investors are quite held back when it comes to making investments in Africa for an obvious reason: corruption.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This excerpt is important because it reflects the challenges faced by AgroCenta in Ghana, i.e. corruption, lack of financing, lack of proper infrastructure, lack of government help, among other things.
  • Our business model is simple, we are a B2B business that generates commission fees on trade volumes from the businesses we work with.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This excerpt is extremely important because it clearly states the business model of the company.
  • we are definitely improving the financial livelihood of smallholder farmers through fair trade. Many smallholder farmers are paid less than $1 a day and our objective is to increase it to $4 a day by 2020.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      AgroCenta is an extremely important concept because it is helping to increase farmers' salaries. Going from $1 a day to $4 a day is already an improvement.
  • ...8 more annotations...
  • AgroCenta focuses on 3 key impact goals for Ghana:No Poverty: Gender Equality: in Sub-Saharan Africa, traditions and land ownerships do not favor women, which ends up in many women being excluded from the agriculture value chain. By engaging the relevant stakeholders, AgroCenta rents arable agricultural lands to female smallholder farmers for free. Women are also given seeds, fertilizers, mechanized tractor services and extensive advisory information on farming best practices such as what type of seed to plant, when to plant, how to plant, etc.Decent Work & Economic Growth: we empower smallholder farmers to see agriculture as more than just a way to survive and position it as a viable industry that can be sustainable for their family.
    • mehdibella
      mehdibella on 13 Feb 21
       
      as you can see this company cares a lot about the livelyhood of their farmers and is trying to provide them only with the best features that would make life easier which in fact the main things that they tackle in the SDGs.
  • Seedstars Summit has been phenomenal. It has put AgroCenta on a pedestal and in the spotlight of a huge community in Africa. The experience after the Summit has been amazing: we received a lot of proposals from potential investors, partners and other service providers keen on working with us for growth and expansion.
  • Winning the vote of the entire jury, AgroCenta from Ghana was crowned the Seedstars Global Winner of the 5th edition of Seedstars Summit. At Seedstars, we are convinced that AgroCenta will shape the future of AgriTech in Africa. Indeed, the start-up’s mission is to improve the financial livelihood of smallholder farmers through fair trade.
    • aminej
      aminej on 12 Feb 21
       
      Agrocenta will have a great impact on farmers in Africa since it will enable them to protect their production and have an insurace in case of any risks. It will also help them regulate the market of agricultural products in order to set a price for each one
  • We identified a missing gap in the value chain that was the capacity to access the market for smallholder farmers after they have successfully cultivated their commodities. Access to the market was a huge problem for millions of smallholder farmers.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      AgroCenta is fulfilling a market gap that is the need for smallholder farmers to access the market.
  • AgroCenta focuses as well as Seedstars on achieving the Sustainable Goals set up by the UN
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      one of the main goals is to reach economic growth by empowering smallholders farmers to see agriculture not only as a survival solution but as an investment
  • Gender Equality: in Sub-Saharan Africa, traditions and land ownerships do not favor women, which ends up in many women being excluded from the agriculture value chain. By engaging the relevant stakeholders, AgroCenta rents arable agricultural lands to female smallholder farmers for free. Women are also given seeds, fertilizers, mechanized tractor services and extensive advisory information on farming best practices such as what type of seed to plant, when to plant, how to plant, etc.Decent Work & Economic Growth: we empower smallholder farmers to see agriculture as more than just a way to survive and position it as a viable industry that can be sustainable for their family.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Agrocenta main goals are the following: first and the most evident one no poverty especially for farmers who are not paid enough. second, gender equality and finally economic agricultural development within the country.
  • A great team for sure! Our major strength has been a team made of people with diverse backgrounds and experiences and a deep understanding of the agricultural value chain. This asset allowed us to save a lot of time we would have naturally spent on trying to fine tune and launch the AgroCenta platform. Thanks to that we avoided making the common mistakes many new and unexperienced founders make.
    • ghtazi
      ghtazi on 13 Feb 21
       
      what we can understand is that having a great team is the key asset that led to the rapid growth of Agrocenta. cross-cultural team has been a plus for the development of agrocenta. it helped the company to save time and avoid making common mistakes that many new and inexperienced founders make.
  • Many investors are quite held back when it comes to making investments in Africa for an obvious reason: corruption.
hibaerrai

WorldRemit Partners with Palawan Pawnshop in the Philippines to Let Filipinos Pick Up C... - 0 views

finance.yahoo.com/...hop-philippines-234900834.html

WorldRemit Algeria Remittance E-payments

shared by hibaerrai on 09 Feb 21 - No Cached
  • WorldRemit is a leading digital cross-border payments business. We disrupted an industry previously dominated by offline legacy players by taking international money transfers online—making them safer, faster, and lower-cost. We currently send from 50 to 150 countries, operate in 6,500 money transfer corridors worldwide, and employ over 1,100 people globally.On the sending side WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, the company offers a wide range of options including bank deposit, cash collection, mobile airtime top-up, and mobile money.
    • hibaerrai
      hibaerrai on 09 Feb 21
       
      WorldRemit started the year successfully with a new remittance partner in the Philippines (Palawan Pawnshop) expanding thus its activities in the country.
  • Backed by Accel, TCV, and Leapfrog—WorldRemit’s headquarters are in London, United Kingdom with regional offices in the United States, Canada, Australia, New Zealand, Hong Kong, Singapore, Malaysia, the Philippines, South Africa, Somaliland, Uganda, Kenya, Rwanda, Tanzania, Zimbabwe, and Belgium.
    • hibaerrai
      hibaerrai on 10 Feb 21
       
      WorldRemit is based in London but expanded in numerous countries all over the world namely in Africa.
aminej

Digital Banking - cassava fintech - 0 views

www.cassavafintech.com/digital-banking

Fintech Payments Services Online App Mobile Lesotho

shared by aminej on 12 Feb 21 - No Cached
    • aminej
      aminej on 12 Feb 21
       
      I love how convenient that app is because you have so much services that are offered such as paying, scanning, E-wallet, sending money from South Africa or Europe in a practical way. The world is become more and more digital and it is good to see that Africa is following the same path and doing fine.
  • Our Digital Banking business is anchored on a transactional banking model  with the following key services – Micro-loans, Savings, Agent Banking (designed to reach the previously excluded), Device Financing and Diaspora Banking. The Digital Bank’s flagship platform is branded “Square”.   The Square Mobile App is an integrated mobile banking solution that gives customers the ability to transact wherever they are, on services such as bill payments, funds transfer, banking services, nano loans, airtime and so forth. In line with our Diaspora thrust, we have also launched the Square World App, targeting diaspora customers anywhere in the world, offering remittances, and other suite of services as if they were back home
kenzabenessalah

Lumkani - 0 views

lumkani.com

Lumkani Protection Fire Alarm

shared by kenzabenessalah on 07 Feb 21 - No Cached
  • As part of Lumkani’s mission to mitigate the loss of life and property caused by fires in South Africa and across the globe, we implement large scale roll-outs of our fire detection system into urban informal settlements and townships.
    • kenzabenessalah
      kenzabenessalah on 07 Feb 21
       
      Before Lumkani was introduced, there was very little hope for people to rebuild their houses when fire erupted. Making this business known could help save plenty of lives.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      Before Lumkani was introduced, there was very little hope for people to rebuild their houses when fire erupted. Making this business known could help save plenty of lives.
  • Before Lumkani introduced Fire Cover in 2016, there was little hope for households and businesses that had been excluded from insurance cover, to quickly rebuild, refurnish and return to a state of dignity.
    • kenzabenessalah
      kenzabenessalah on 07 Feb 21
       
      This excerpt is important because it highlights how beneficial and essential the concept of the company is. It helped protect people's homes and reassure them that their households would return to their original state.
  • For only R60 per month, you get: A Lumkani Fire Alarm that warns you when fire breaks out. Cover for your home or business structure and all of your belongings/stock for up to R40,000 provided by Hollard. There is no waiting period, you are protected immediately after your first payment.Foreign Nationals may apply.No documentation required to apply..properties we protect: Informal homes Small homes and low-cost homes (RDPs) Small businesses
    • tahaemsd
      tahaemsd on 07 Feb 21
       
      Details of what is covered by the LUMKANI company
  • ...2 more annotations...
  • Lumkani is a technology company which distributes insurance products to financially excluded households and businesses in townships and informal settlements. We use our award-winning fire detectors to mitigate the risk of fires and a world-first insurance product to cover losses when disasters occur. We have distributed tens of thousands of fire alarms to homes across South Africa which have drastically lowered the instances of fires in our communities, ensuring that those who are most vulnerable have a sense of security. Tens of millions of Rands of possible fire damage have been saved through our early-warning fire detectors.
    • aminej
      aminej on 11 Feb 21
       
      I think that this is an excellent idea since it will help many people in rural areas who very often suffer from losses due to weather or natural disasters and also a very weak infrastructure. It will also bring more unbanked people to learn about different services of insurance and finance.
  • Fires destroy homes, belongings and businesses which leads to personal and financial insecurity. We provide protection against fires to informal homes, small homes, RDPs and small businesses
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      Having such a concept is essential to the community because it deals with one of most popular issues in the world; financial insecurity
  • hibaerrai on 08 Feb 21
     
    LUMKANI launched indeed a networked heat detector to protect people's properties.
kenzabenessalah

Cassava Fintech - nichemarket - 0 views

www.nichemarket.co.za/...cassava-fintech

Challenge Convenience Customer satisfaction

shared by kenzabenessalah on 12 Feb 21 - No Cached
  • We are a global fintech pioneer, providing solutions for the financially excluded one product at a time We are all about convenience for our customers, growth for our partners, and financial access for all. The need to solve wicked problems is what drives our innovative spirit.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      What I admire about the company is that it lives for challenges which makes it an innovative and fun organization.
tahaemsd

Smartel Money Ltd, Main Traffic Circle, Maseru (2021) - 0 views

www.findglocal.com/...Smartel-Money-Ltd

fintech payments africa modernization electronic

shared by tahaemsd on 12 Feb 21 - No Cached
  • To improve the access of banked and non banked members of the community's access to finances.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Mission of Smartel Money
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