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hichamachir

PULA Advisors GmbH | Devex - 0 views

www.devex.com/...pula-advisors-gmbh-140700

Pula Awards Fintech Insurance

shared by hichamachir on 13 Feb 21 - No Cached
  • Their Founders work in agriculture insurance has been recognized by several international awards including the Financial Times/IFC Award for Sustainable Finance. They work with Fortune 500 Companies, Global NGO’s, Microfinance Instructions, Research Institutions, and Governments to help provide smallholders the protection they need in an increasingly unpredictable climate.
  • hichamachir on 13 Feb 21
     
    Pula's success is recognized by the awards they've won. I think that these awards are meaningful for such businesses because it pushes you to continue the good work!
hichamachir

Pula Partners CGAP to Bring Satellite-Based Agricultural Insurance to 18 Million Nigeri... - 1 views

techmoran.com/...-million-nigerian-smallholders

Pula Partners Fintech Insurance

shared by hichamachir on 13 Feb 21 - No Cached
  • Over 2.5 billion of the world’s adults remain unbanked and have no access to formal banking or semiformal microfinance institutions according to a report by McKinsey.
  • Pula Advisors, a fintech firm reimagining agricultural insurance to protect smallholders worldwide, with operations in Kenya, Rwanda, Uganda, Nigeria, Ethiopia and Malawi has partnered with the Consultative Group to Assist the Poor (CGAP) to deploy satellite-based agricultural insurance to smallholder farmers in Nigeria who are estimated to be around 18 million. With the partnership, Pula will install satellite technology to track a wide range of catastrophes cost effectively, at speed and without missing out on any areas.
  • “We hope that the high-quality yield and satellite data available today will enable local insurers and Pula Advisors to create an innovative yield predictive model that decreases the cost of area yield index insurance. At the end of the day, we want to make this product more accessible to smallholder families, allowing them to invest with more confidence and increase their yields,” said Emilio Hernandez, who leads CGAP’s work with smallholders.
  • mohammed_ab on 13 Feb 21
     
    This article highlights the partnership between Pula and CGAP, which enabled Pula to use satellites to better study & analyze the lands of farmers. The use of satellites will allow Pula to be very cost-effective and quick in analyzing weather uncertainty.
  • hichamachir on 13 Feb 21
     
    I like how Pula always thinks about improving its technology. Using partnerships in order to improve the business you is always a great idea. I highly support that.
ghtazi

BelCash story - HelloEthio - 0 views

www.helloethio.com/belcash-story

technology Platform buisnesses

shared by ghtazi on 12 Feb 21 - No Cached
  • BCTS has successfully implemented its HelloCash mobile banking platform and 8 000 agents network with 6 local banks and 2 microfinance institutions, making it the largest financial network in the country.This achievement has gained recognition from the UN initiative for financial inclusion, which was substantiated by the visit of UN ambassador for financial inclusion, her Royal Majesty Queen Maxima of the Netherlands in May 2019.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      Being recognized f=by the UN for financial inclusion adds a lot of value to the company making it more secure to the eyes of its customers. This is important because it places the company in a higher standard in the technology industry.
  • With 17 strong through partnerships, across multiple sectors and an ownership structure in full compliance with the Ethiopian regulations, BelCash Payments-As-A-Platform model spurred numerous “HelloServices”. These services include airtime eTop-up, Pay-As-You-Go solar, Healthcare, eCommerce, Jobs, Entertainment, and many more, providing the Ethiopian population access to essential services through the HelloCash platform and agents network.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Thanks to these services offered, belcash has reached more than 1.4 million customers, and made it as the largest financial network in Ethiopia
  • BelCash Technology Solutions Ltd. (BCTS) was established in Ethiopia in 2011, as a registered Value-Added Service (VAS) . It'main activity is to provides its digital technology platforms to businesses as a service (PaaS).
    • ghtazi
      ghtazi on 13 Feb 21
       
      belcash was established in Ethiopia in 2011, The key task is to provide organizations with their digital technology systems as a service.
hindelquarrouti

Startuplist Africa | Startuplist Africa - 1 views

startuplist.africa/jumo

Jumo Data Technology Fintech

shared by hindelquarrouti on 12 Feb 21 - No Cached
  • Since JUMO was founded in 2014, the company doubled its staff complement each year for two consecutive years, and it was recently recognized by the London Stock Exchange Group as one of the Companies to Inspire Africa in 2019.
  • JUMO is a full technology platform, developed for building and running financial services
  • JUMO’s extensive network of partners includes financial services providers such as the Barclays Africa Group, Letshego Bank, and Telenor Microfinance Bank, as well as mobile network operators such as MTN, Airtel, Telenor, and Tigo.
  • chaimaa-rachid on 12 Feb 21
     
    I think the company deserves to be chosen as one of the companies to inspire Africa in 2019 because they are creative, provide great services to their clients, and are consistent.
  • hindelquarrouti on 13 Feb 21
     
    Jumo makes a good combination of data and technology in order to serve the 80% of the world's unbanked people while at the same time collecting enough information that allows it to make informed decisions.
ghtazi

AV Ventures Invests in AgroCenta, Supporting Digital and Financial Inclusion of Ghanaia... - 0 views

www.acdivoca.org/...f-ghanaian-smallholder-farmers

Agrocenta COVID19 Security

shared by ghtazi on 12 Feb 21 - No Cached
  • AV Ventures, ACDI/VOCA’s impact investing subsidiary, recently completed its investment in AgroCenta, a technology-driven agricultural platform provider in Ghana. The funding made by AV Ventures is part of a US$790,000 pre-Series A investment round with other participating international institutions, including Shell Foundation, the United Kingdom’s Foreign, Commonwealth and Development Office, and Rabo Foundation, with support from AgroCenta’s strategic advisor, Qbera Capital.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      With the newly secured funding, agrocenta will widen the reach of its smallholder farmer financial inclusion programs
  • The digital services AgroCenta provides along the selected cereals value chain also improve the repayment of loans by smallholder farmers. The services provide farmers with an end market through the offtaking of produce and through facilitating the provision of high-quality agricultural inputs, which maximize their yields and productivity. To date, the average farmer on CropChain has increased their income by 35 percent and their crop yields by 40 percent, while reducing their food waste by 25 percent. AgroCenta has also made strides to promote gender and social inclusion; nearly half of its CropChain users and more than half of its microloan borrowers on LendIt are female smallholder farmers. 
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces the results of using AgroCenta on smallholder farmers, ranging between the maximization of productivity, of income, reduction of food waste,to gender and social inclusion.
  • Founded in 2016, AgroCenta operates two integrated digital platforms in Ghana, CropChain and LendIt, to help address challenges related to smallholder farmers’ access to markets and financial services.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Since 2016, AgroCenta operates 2 digital platforms: - CropChain: integrated agricultural supply chain management platform. - LendIt: allowing access to financial services like mobile payments, microloans, crop insurance.
  • ...4 more annotations...
  • Poor infrastructure and logistics prevent many smallholder farmers in Ghana from accessing large, urban markets where they could obtain better prices for their crops. Many of these farmers lack information on fair market prices, which leaves them susceptible to selling at low prices to middlemen. Without a strong credit history, many of them also have limited access to finance for purchasing high-quality agricultural inputs that would enable them to scale beyond subsistent production.  
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt shows reasons why smallholder farmers should consider agrocenta to increase their profitability and their revenues
  • For AV Ventures, the investment is part of its long-term strategy of providing innovative and catalytic capital to support growth-oriented small- and medium-sized enterprises (SMEs) like AgroCenta that make up the “missing middle” of investment — too large for microfinance but too small or too early-stage to attract private equity investors. These SMEs are often the backbone of economies and potential drivers of innovation, but too often they miss out on financing that could enable their growth and longevity.  
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Agrocenta attracts more investors as it is considered among small and medium businesses that promote innovation. In fact, the fintech is specialized in agricultural loans, something not that common in the country.
  • CropChain is an integrated agricultural supply chain management platform that provides smallholder farmers with access to markets. Farmers use the platform to advertise their produce, while large offtakers or buyers of selected cereals use it to make purchases or enter long-term offtaker purchase contracts with AgroCenta. AgroCenta leverages the platform to source cereals directly from smallholder farmers to supply to large offtakers who have contracts with the company. This allows AgroCenta to earn margins between the price it pays farmers and the contractually agreed upon price with offtakers.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      Agrocenta draws even more investment amongst SMEs that promote innovation. This extract shows some of the reasons why smallholders should consider Agrocentra for increasing the profitability and income .
  • “This is a significant milestone for AgroCenta, having the support of leading institutions, particularly with the COVID-19 backdrop, underlining the strength of AgroCenta and the importance of its mission. The demand for agricultural raw materials from offtakers in the brewery, manufacturing, and consumer sector is increasing exponentially because of the easing of COVID-19 restrictions that were put in place by the government of Ghana. Hence, this capital injection will help to secure purchases at fair and transparent prices from smallholders — a much needed lifeline for many who are at the proverbial bottom of the pyramid.”
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see how agrocenta takes the pandemic situation and what are the solutions that the company adopts to face it.
chaimaa-rachid

Become a Field Partner | Kiva - 1 views

www.kiva.org/...partner

Kiva Partnership organizations

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • Kiva partners with a range of organizations, including microfinance institutions (MFIs), social enterprises and nonprofits. Our partner organizations are united by a strong commitment to serving the needs of poor, vulnerable and/or excluded populations, either through financial services or by using credit to expand access to beneficial products and services.
  • chaimaa-rachid on 13 Feb 21
     
    Having a partnership is always good as it will assist Kiva with improving more its business.
mehdi-ezzaoui

Should online micro-lending be for profit or for philanthropy? DhanaX and Rang De [1] |... - 1 views

www.cairn.info/-economics-2010-2-page-123.htm

KIVA online Service

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • The basic model of the Kiva intermediary model, illustrated in Figure 1, is that small lenders lend to Kiva. Kiva lends to MFIs. These MFIs then lend to poor people. Thus the MFIs are using Kiva as a financing agency. Kiva is actually providing a service to small lenders who want to participate directly in the microfinance movement. In the Kiva model, there is no interest given by Kiva to the lender and no interest charged by Kiva to the MFI. However, the MFI charges normal interest rates to the poor borrower. Kiva is a not-forprofit.
  • mehdi-ezzaoui on 13 Feb 21
     
    Kiva as an example of the article if whether microlending should be profitable or not
mohammed_ab

Crowdsourcing student loans: Student financing in Kenya with Kiva and Strathmore Univer... - 1 views

resources.norrag.org/...kiva-and-strathmore-university

Kiva Crowdfunding Entrepreneurs Microfinance

shared by mohammed_ab on 12 Feb 21 - No Cached
  • n 2012, the micro-lending institute Kiva partnered with Kenya’s Strathmore University to offer tuition loans to low-income students. The loans were crowdfunded by Kiva and distributed by Strathmore University, who selected applicants based on the criteria of having high academic performance and coming from a low-income household, among other requirements. From 2012 to 2018, Kiva fundraised USD 762,675, which was distributed to 84 students who received an average loan of USD 9,004. The program ended in 2018 because the delinquency rate had risen to 14.65%, with many students being unable to pay back their loan owing to scarce job opportunities after graduation (Kiva, 2018).
    • hichamachir
      hichamachir on 12 Feb 21
       
      Kiva is treating a very important point in the society. It's to facilitate students loans. I think that kiva is playing it smart at this point because as we know students loans can be expensive to get and kiva found a solution for which can make the company very successful.
  • In 2012, the micro-lending institute Kiva partnered with Kenya’s Strathmore University to offer tuition loans to low-income students. The loans were crowdfunded by Kiva and distributed by Strathmore University, who selected applicants based on the criteria of having high academic performance and coming from a low-income household, among other requirements. From 2012 to 2018, Kiva fundraised USD 762,675, which was distributed to 84 students who received an average loan of USD 9,004
  • mohammed_ab on 13 Feb 21
     
    I think that Kiva is a platform that could benefit different market segments. Their main value proposition is to help entrepreneurs find funds for their business. However, as it can be seen in this article, Kiva could also serve students who have difficulties in financing their studies. I think that this is the power of crowdfunding, It can be used in many areas of life.
mehdi-ezzaoui

Kiva Is Not Quite What It Seems | Center For Global Development - 1 views

www.cgdev.org/...kiva-not-quite-what-it-seems

KIVA banking lending

shared by mehdi-ezzaoui on 12 Feb 21 - No Cached
  • And finally in Kiva's defense, its behavior is emblematic of fund-raising in microfinance and charity generally, and is ultimately traceable to human foibles. People donate in part because it makes them feel good. Giving the beneficiary a face and constructing a story for her in which the donor helps write the next chapter opens purses. The pleasure of giving
  • Kiva is the path-breaking, fast-growing person-to-person microlending site. It works this way: Kiva posts pictures and stories of people needing loans. You give your money to Kiva. Kiva sends it to a microlender. The lender makes the loan to a person you choose. He or she ordinarily repays. You get your money back with no interest. It's like eBay for microcredit.
  • You knew that, right? Well guess what: you're wrong, and so is Kiva's diagram. Less that 5% of Kiva loans are disbursed after they are listed and funded on Kiva's site. Just today, for example, Kiva listed a loan fepor Phong Mut in Cambodia and at this writing only $25 of the needed $800 has been raised. But you needn't worry about whether Phong Mut will get the loan because it was disbursed last month. And if she defaults, you might not hear about it: the intermediating microlender MAXIMA might cover for her in order to keep its Kiva-listed repayment rate high.
  • ...1 more annotation...
  • Like most innovations, Kiva is not entirely new. Rather, it is an ingenious fusion of older ideas. One is child sponsorship, which Save the Children pioneered in 1940. A family in a rich country sends $10 or $20 each month to a designated child in a poor country via a charity. In return, the family receives a photo and an update at least once a year. When I was perhaps eight, my family sponsored Constance, a Greek girl about my age, through Save the Children. I remember looking at her solemn face in two successive black and white portraits, trying to judge how much she had grown in a year.
  • hichamachir on 12 Feb 21
     
    Kiva should be careful about spreading a fake image about the company. The article states that kiva is not what people thinks and that there's another company that helps her but I think that kiva business idea is very good because and people don't have to link it with something bad.
  • chaimaa-rachid on 13 Feb 21
     
    This article has shown that KIVA spread the wrong image of its business. I think the company should be careful not to disseminate such information as it could destroy their image and people might not believe it anymore.
  • mehdi-ezzaoui on 13 Feb 21
     
    the person-to-person donor-to-borrower connections created by Kiva are partly fictional. I suspect that most Kiva users do not realize this. Yet Kiva prides itself on transparency.
mehdibella

FWRY.CA - Fawry for Banking Tech and Elec Pay SAE Key Developments | Reuters - 0 views

www.reuters.com/...key-developments

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Fawry Shareholders Approve To Sell 1000 Shares In Fawry Dahab Electronic Services To Banque Misr
  • FAWRY FOR BANKING TECHNOLOGY AND ELECTRONIC PAYMENT <FWRY.CA>::SHAREHOLDERS APPROVE TO SIGN AGREEMENT TO SELL 1000 SHARES IN FAWRY DAHAB ELECTRONIC SERVICES TO BANQUE MISR.SAHREHOLDERS APPROVE FCILITY AGREEMTNT BETWEEN UNIT FAWRY MICROFINANCE AND EGPYTIAN AMERICAN ENTERPRISE FUND IN A LIMIT OF EGP 160 MILLION .TO SELL SHARES IN FAWRY DAHAB ELECTRONIC SERVICES AT EGP 6,705 PER SHARE.SHAREHOLDERS APPROVE FINANCING OFFER FORM BANQUE MISR IN AUTHORISED CASH LIMIT OF EGP 150 MILLION.SAHREHOLDERS APPROVE AUTHORIZED CAPITAL INCREASE TO EGP 1 BILLION FROM EGP 500 MILLION.SHAREHOLDERS APPROVE ISSUED CAPITAL INCREASE TO EGP 453.7 MILLION FROM EGP 353.7 MILLION.SHAREHOLDERS APPROVES ISSUED CAPITAL INCREASE TO EGP 853.7 MILLION FROM EGP 453.7 MILLION THROUGH RIGHTS ISSUE.
mohammed_ab

How to Get a Kiva Loan: A Step by Step Guide - Small Business Trends - 2 views

smallbiztrends.com/...how-to-get-a-kiva-loan.html

Kiva Crowdfunding Entrepreneurs Microfinance

shared by mohammed_ab on 12 Feb 21 - No Cached
  • Kiva Small Business Loan FeaturesSome attractive aspects of a Kiva loan includes more flexible terms, low costs to borrowers and emphasis on supporting community-wide projects that can shape the future for a family or an entire community.
  • Some attractive aspects of a Kiva loan includes more flexible terms, low costs to borrowers and emphasis on supporting community-wide projects that can shape the future for a family or an entire community.
  • hichamachir on 12 Feb 21
     
    Kiva is helping financing many important projects in Kenya. This business is changing people's life and I think that's the objective of Fintechs.
  • mohammed_ab on 13 Feb 21
     
    I think that we should see more fintech companies like Kiva. I believe that fintech companies should always offer solutions that support community projects. I like the social impact that Kiva has on African countries.
mehdibella

Carbon , Nigerian fintech startup processed $240M payments transactions in 2020 - Techg... - 0 views

www.techgistafrica.com/...-payments-transactions-in-2020

Bank Transfer Money Telecom Fintech Strategy

shared by mehdibella on 13 Feb 21 - No Cached
  • In 2012, two brothers, Chijioke Dozie and Ngozi Dozie, founded Carbon, a Nigerian digital bank start-up. Carbon began as a digital lending company, but now the company provides a variety of services, from payments to savings to investments. According to Dozie, “Our annual report will be released in the second quarter after our financial audit is complete, to gain customer trust, Chijioke Dozie, the CEO, told ProWellTech in 2019 that the company will make Carbon’s financials public.” If you note, before we published the 2019 fiscal year update, we released a year under review in January 2020.Gross profits, profit or loss before and after tax, liabilities and equity, total assets, etc. are included in Carbon’s annual report. Carbon’s year of analysis reveals processed payments, client base, disbursed loans, and investments made on the platform. The business with about 659,000 customers processed N96.54 billion (~$241.35 million) according to Carbon’s year of analysis for fiscal year 2020, which is up 89 percent compared to the same period a year earlier. N25.51 billion (~$63 million) was the disbursement volume for its lending arm, an improvement of 9.1 percent from the 2019 financial year. Investments worth N13.02 billion (~32.55 million) were made on the site, up by 365 percent from FY 2019.The factors that affected these numbers last year, according to the company, included the launch of an iOS app that pushed clients Acquisition, introducing its feature for low-income customers with USSD banking services; and a social chat feature to allow faster transactions. Besides that, Carbon obtained a microfinance bank license in an attempt to become a digital bank. The license implies, according to Dozie, that Carbon’s customers are given additional protection by the Nigerian Deposit Insurance Corporation through depositor insurance. The standard Carbon wallet is now a full-fledged bank account, Dozie says, and clients will transact on the platform like any bank would.
    • samiatazi
      samiatazi on 13 Feb 21
       
      Carbon's analysis year offers statistics on processed purchases, user base, loans paid out and network expenditures. The corporation has processed 96,54 billion (241,35 million dollars) last year with around 659,000 customers. N25.51 billion represented a 9.1 percent increase over the 2019 budgetary year for the disbursement of the lending arm. Carbon was invested in N13.02 billion ($32.55 million), up 365% from FY 2019.
  • Carbon , Nigerian fintech startup processed $240M payments transactions in 2020 - Techgist Africa | Africa Leading Tech
mohammed_ab

AI and Machine Learning in Fintech. Five Areas Which Artificial Intelligence Is Changin... - 0 views

www.netguru.com/...ai-in-fintech-examples

Fintech Strategy Artificial Inteligence M-Pesa

shared by mohammed_ab on 13 Feb 21 - No Cached
  • There is a saying among corporate bankers “You only get credit if you don’t need it”. Translated into business terms: there were underserved customers, ignored by traditional financial industry, who couldn’t apply for a loan or credit. And that helped a lot of fintech startups, the likes of Finiata (Netguru is proud to be a partner here) or Lenddo, to put their foot in the door.
  • mohammed_ab on 13 Feb 21
     
    Artificial intelligence could help M-Pesa to target a new segment which is loans and microfinance. It will help make a credit rating for these customers in a quick and cost-effective way.
omarlahmidi

Ethiopia launches mobile money schemes to extend banking reach | Reuters - 0 views

www.reuters.com/...-banking-idUSL6N0VE44020150204

Belcash Africa MobilePayment

shared by omarlahmidi on 13 Feb 21 - No Cached
  • BelCash’s helloCash service could have 2-3 million users this year and 10 million by 2017 or 2018, the firm’s chief executive Vince Diop said, adding that BelCash would receive a fee for each transaction made.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because it shows how effective belcash is. and how an African country is willing to ensure financial inclusion and increase deposits by using financial technology.
  • BelCash’s helloCash service could have 2-3 million users this year and 10 million by 2017 or 2018, the firm’s chief executive Vince Diop said, adding that BelCash would receive a fee for each transaction made.
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see that the service can have 10 million users by 2017 or 2018. we can aslo see the belcash would receive a fee for each transaction made.
  • Netherlands-based BelCash is offering a technology called helloCash, while MOSS ICT, mainly owned by an Ireland-based firm, is rolling out M-Birr in the nation of 96 million people.In both cases, Ethiopian banks and institutions will offer the service to customers and hold the cash deposited, in line with government policy that bars foreign firms or banks from investing in the financial sector or the telecoms industry.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article discusses the case of Belcash and M-Birr as two fintechs offering similar services which can lead us to say that M-Birr is a competitor of Belcash in Ethiopia.
  • ...2 more annotations...
  • Bankers say Ethiopia has no more than 1,500 ATM cash machines, while there was just over 2,200 bank branches as of June, or one for every 40,000 people, the central bank says. Only one in 10 people have a bank account.In addition to branches, which are expensive to set up, banks plan to authorise thousands of agents, such as shops or merchants, in line with new regulations. Such agents will be able to take deposits and hand out cash via the mobile system.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      Cashless mobile payment application replace ATMs so that unbanked people can join. Only one out of 10 people is banked.
  • Ethiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services, the mobile technology providers and banks said.
    • omarlahmidi
      omarlahmidi on 14 Feb 21
       
      Belcash could make a lot of profit in Ethiopia. It offers a technology called helloCash, that will help customers and offer them a better service.
hichamachir

Former Kiva.org CEO Brings New App, a 'Branchless Bank' to Kenya - WSJ - 0 views

www.wsj.com/...BL-VCDB-16975

Kiva Loans Africa

shared by hichamachir on 12 Feb 21 - No Cached
  • The former chief executive and co-founder of nonprofit lending platform Kiva.org, Matt Flannery, on Wednesday revealed his latest initiative Branch International Inc., which he calls “a mobile-based microfinance institution for the world.” Branch raised $1.4 million in equity seed funding from Formation 8 and the Khosla Impact Fund. In many ways, Branch operates like a bank in the cloud, one that is accessible not through local “branch” offices, but through a user’s smartphone. It provides small amounts of credit--up to $20--to Android users in Africa, specifically Kenya today, but doesn’t take deposits.
    • hichamachir
      hichamachir on 12 Feb 21
       
      Kiva is a problem solving company! It's a brilliant business that contributed on making loans easy. I think that this company has great future because the crowdfunding services in Africa are yet to improve.
nouhaila_zaki

My PAGA - transact mobile payments; send cash via mobile; pay bills via mobile. - 0 views

www.mypaga.com/...C48866E180618E0E570B5BE493B-s1

Paga Nigeria Overview

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • We are a team of passionate Africans determined to tackle what we consider a critical issue paramount to Africas development - the availability of financial services to all Africans. Paga was founded early 2009 on the simple belief that the ubiquity of mobile phones can be leveraged to bring financial services to all Africans. We aim to accomplish our mission by working in partnership with select Banks, Microfinance institutions, and all Mobile Network Operators. Innovation is at the core of our company - we strive to develop "appropriate technology" suited for the local markets where we operate. We also work hard to ensure our services are low cost and accessible via our agent network - in doing so we can strive towards universal access. Paga works on the most basic SMS enabled phone and on all mobile networks so customers have the liberty to have their Paga account available at their finger tips regardless of what phone or network they are using. For consumers, our core offering is a money transfer service - with Paga you can send money to anyone with a mobile phone. You can either use Paga by yourself (if you own a Paga account) or by going to any Paga Agent. We also offer several other products such as: buying/sending airtime credits, bill payments, and retail payments. For ultimate convenience we provide several channels for consumers to use Paga - SMS, Online, a mobile application, USSD, or IVR (automated line). Paga Merchant Services allows businesses to collect payment from all spectrums of the population - whether banked or not. By leveraging the Paga e-widget, businesses can integrate a world class online checkout process on their own websites. Businesses can also leverage our agent network to collect payment for goods and services or provide customers the convenience of paying via SMS or online at Pagas customer portal. Our current services are the beginning of a journey. Through our innovation lab "Paga labs" and in conjunction with our partners we will continue to develop and deliver valuable offerings to our customers. Together with our partners we will achieve our mission and bring financial services within reach of millions of Africans!
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is an introductory statement of the company Paga, its operations, its goals, its customers, its core offerings, and its innovation programs.
mehdi-ezzaoui

Recommending teams promotes prosocial lending in online microfinance | PNAS - 1 views

www.pnas.org/...14944.short

KIVA Fintech online

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • This paper reports the results of a large-scale field experiment designed to test the hypothesis that group membership can increase participation and prosocial lending for an online crowdlending community, Kiva. The experiment uses variations on a simple email manipulation to encourage Kiva members to join a lending team, testing which types of team recommendation emails are most likely to get members to join teams as well as the subsequent impact on lending. We find that emails do increase the likelihood that a lender joins a team, and that joining a team increases lending in a short window (1 wk) following our intervention. The impact on lending is large relative to median lender lifetime loans. We also find that lenders are more likely to join teams recommended based on location similarity rather than team status. Our results suggest team recommendation can be an effective behavioral mechanism to increase prosocial lending.
  • mehdi-ezzaoui on 13 Feb 21
     
    Lending Teams or Consistent Open or Closed Membership Groups formed and classified by reach. These credit teams present modes of multi- and sub-group credit collaboration based on tenuous identification principles. Groups differ by category, scale, reach and operation, thus impacting the participatory energy of crowd lending.
mohammed_ab

0% Interest Small Business Loans | Kiva - 1 views

us.kiva.org/wenyc

Kiva Crowdfunding Entrepreneurs Microfinance Women

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Kiva expands access to and lowers the cost of capital for small business owners by providing 0% interest, crowdfunded loans, raised from its network of 1.6 million supportive lenders around the world. Many of these lenders become borrowers' new customers, brand advocates, and biggest fans.
  • WE NYC has partnered with Kiva, a platform specializing in crowdfunded loans, to help more women entrepreneurs achieve crowdfunding success. Participating in WE Fund Crowd means WE NYC will be your first lender, pledging 10%, or up to $1,000, of your crowdfunding goal. Friends, family, and new supporters who see your campaign will know that WE NYC believes in your business and your dreams.
  • chaimaa-rachid on 13 Feb 21
     
    Kiva has a very interesting platform that aims to help small businesses that have no interest.
  • mohammed_ab on 13 Feb 21
     
    This partnership between the city of New York and Kiva should be an example for all major cities.
mehdibella

Kiva's Person-to-Person Claim Questioned | News | PND - 0 views

philanthropynewsdigest.org/...son-to-person-claim-questioned

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Kiva has promoted itself as a link between individual lenders in the developed world and individual borrowers in the developing world, allowing visitors to its Web site to learn about and lend money to people in poor nations seeking small loans for specific purposes.
  • the loans made by individual lenders through the Kiva site do not actually end up in the pockets of individual borrowers. Instead, those loans are aggregated and used to backstop microfinance institutions that have already paid out microloans to the borrowers featured on the site.
  • Kiva president Premal Shah said he could foresee a day when Kiva really did provide a direct person-to-person connection, once certain legal hurdles are cleared and as more individuals in the developing world began using mobile phones to access credit and make electronic payments. In the meantime, the organization has changed the wording on its homepage from "Kiva lets you lend to a specific entrepreneur, empowering them to lift themselves out of poverty" to "Kiva connects people through lending to alleviate poverty."
mbellakbail69

South African fintech JUMO scooped up $55 million in funding - 0 views

www.businessinsider.com/d-55-million-in-funding-2020-2

shared by mbellakbail69 on 09 Feb 21 - No Cached
  • JUMO offers a wide range of services to users in emerging markets via partnerships with other financial institutions
    • nourserghini
      nourserghini on 09 Feb 21
       
      Jumo delivers services to third parties in emerging markets using partnership with other financial institutions.
  • JUMO offers financial services infrastructure to third parties and has served over 15 million customers across countries, including Ghana, Kenya, Pakistan, and Tanzania, and it plans to use the fresh capital to launch new products and expand into new markets: It's set to launch in Bangladesh, India, Côte d'Ivoire, and Nigeria soon, per its website.
    • nourserghini
      nourserghini on 09 Feb 21
       
      The article shows that Jumo specializes in financial services infrastructure to third parties. It operates in African countries such as Ghana, Kenya and Tanzania.
  • South African fintech JUMO scooped up $55 million in funding
    • nourserghini
      nourserghini on 09 Feb 21
       
      Jumo's original location is in South Africa.
  • ...8 more annotations...
  • And while JUMO is focused on serving customers in emerging markets, it should use the fresh captial to offer more consumer products, like loan products, to better close the financial inclusion gap in these regions.
  • JUMO's partners include Telenor and Telenor Microfinance Bank, with which it launched its first commercial product in Asia in 2018, and Tigo, Airtel, and MTN with which it offers short-term loans in Kenya, Zambia, and Uganda. With help of the latest funding, JUMO will be able to further boost such partnerships, and become a more dominant player in the financial services industries in emerging markets.
    • mehdibella
      mehdibella on 13 Feb 21
       
      jUMO is focused on serving customers in emerging markets, it should use the fresh captial to offer more consumer products
  • JUMO offers this technology stack to partners, including telecommunication firms and other financial institutions, to power their financial products and serve consumers via their respective platforms.
  • The fintech's technology stack includes a lending product that gives entrepreneurs quick access to funds or asset finance, and JUMO has so far disbursed over $1.8 billion in loans. It also provides savings options to clients, including short-term, structure, and long-term products, and works together with underwriters and insurers to create standalone insurance products to "safeguard incomes, families, assets, and businesses".
    • ghtazi
      ghtazi on 13 Feb 21
       
      JUMO has already distributed 1.8 billion USD loans, it gives also the possibility to its users to have savings options to clients, including short term, structure, and long-term products. The company also ensures the creation of standalone insurance products.
  • JUMO's debt and equity round included participation from both new and existing investors, like Goldman Sachs, Odey Asset Management, and Leapfrog Investments, per TechStartups.com.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects the nature of funding that Jumo secures whether through debt or equity; new or existing investors.
  • JUMO's business model of working with third parties helps it to diversify its distribution channels, and allows for quicker expansion — which is likely boosting investor interest in the fintech. To further diversify its offering, and make a bigger impact on serving the financially excluded population in emerging markets, JUMO should look into offering more consumer products, including loan options and bank accounts, as most of its offerings currently focus on serving entrepreneurs and businesses.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because first it clearly states the business model of Jumo. Then, it discusses the possibilities of (geographical) expansion and diversification of offerings (more consumer products, loan options, bank accounts etc).
  • JUMO's business model of working with third parties helps it to diversify its distribution channels, and allows for quicker expansion — which is likely boosting investor interest in the fintech. To further diversify its offering, and make a bigger impact on serving the financially excluded population in emerging markets, JUMO should look into offering more consumer products, including loan options and bank accounts, as most of its offerings currently focus on serving entrepreneurs and businesses.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt included the services that jumo offers, the business model, and some recommendation that the company should consider improving the platform
  • Additionally, only 27% of the population in Southeast Asia has a bank account, leaving a financial inclusion gap of around 438 million consumers. And we've seen fintechs that aim to close this gap attract significant investor interest in the past year: Investment in African fintechs increased by 155% from $111 million in 2018, to $283 million, while Southeast Asian fintechs saw funding surge of 69% from $588 million to $993 million over the same period, per CB Insights.
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