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kaoutarchennoufi

Bank Deals - Fawry - 0 views

  • BenefitsOffering a distinctive integration and management service with various redemption channels. Giving our clients points at their top favorite brands. Providing Customer convenience and ensure a better experience. Increasing customers loyalty and retention through engaging activities and programs. Boosting disbursement pattern motivating them by earning and burning points.
    • kaoutarchennoufi
       
      The good thing is that Fawry focus more on customers satisfaction rather than profits. Their aim is to ensure an unforgettable and unique experience for their customers by implementing engaging programs and different marketing strategies.
  • How it works?
  • InstallmentsAllow credit cardholders to benefit from every purchase by splitting the transaction into fix and equal installments based on the default ranges of 3, 6, 9- and 12-months installment plans. It can be offered in two ways: via POS at store. Via e-commerce websites through Fawrypay
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  • Upon successful purchase the bank locks customer’s credit limit at the full amount, and within 1 working day after receiving the daily reports from Fawry, the bank will convert the transaction into installment plan and only charges the customer the monthly payment with/without interest depends on program type.
kaoutarchennoufi

Conflict zones | Kiva - 0 views

  • Support small business owners in regions affected by violence or instability, where credit is often very difficult to access.
    • kaoutarchennoufi
       
      Kiva is also helping unbanked people who are living in violent and instable places to reach out financial services. Many organizations tried and did not managed to reach those places and provide the necessary financial aid to people living there. However, Kiva has succeeded to provide 61 loans to different groups and individual which is very impressive.
kaoutarchennoufi

From M-Pesa to Ushahidi: how African tech is fighting the coronavirus - Friends of Europe - 0 views

  • The main telecoms operators in the country are all pitching in too – starting with Safaricom which uses the M-Pesa mobile application. In my book “Startup Lions, at the heart of African Tech” I explain how M-Pesa was born organically (and unexpectedly) from contact with the poorest Kenyan populations who didn’t even have bank accounts. A great many of them used ‘m-banking’ to gain financial independence which led to the M-Pesa service having over 22.6 million users in Kenya in 2019 – almost two-thirds of the adult population. A few hours after the president’s announcement, M-Pesa decided to drastically reduce its usage fees and to remove the daily transaction volume limit across the board in order to increase cash flow.
    • kaoutarchennoufi
       
      M-Pesa has made the decision to increase its cash flow by reducing its usage fees and removing the daily transaction volume limit across the board. However, I think that it is not a good strategy to reach that goals. They need to follow other ways such as encouraging E-payments, paying less their suppliers, offer discounts, increase their fees..
kaoutarchennoufi

Finances | Kiva - 0 views

  • 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
       
      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.
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  • 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.
mehdibella

The Financial Regulatory Authority agrees on delivering "Qershak el Abyad" insurance po... - 0 views

  • Fawry Insurance Brokerage partners with AIG Egypt Insurance Company to launch the digital insurance policy “Qershak el Abyad” through 166,500 Fawry outlets and e-wallets, allowing the insurance policy for more than 30 million Egyptian Fawry users throughout Egypt. The policy provides 75k EGP insurance coverage upon accidents of the candidate, with a monthly premium starting at 10 EGP.
    • kaoutarchennoufi
       
      Another remarkable feature in Fawry cooperate, is that it provide insurance coverage along with other services. It allows more than 30 Million Egyptian to benefit from an insurance policy with a reasonable monthly premium. I really appreciated the fact that in case of accidents, Fawry help the beneficiaries to cover their children's education expenses upon death or total disability as well as recovery expenses.It is a very thoughtful initiative.
  • The Financial Regulatory Authority agrees on delivering "Qershak el Abyad" insurance policy through e-channels - Fawry
  • “Fawry Insurance Brokerage, a subsidiary of Fawry, will play a genuine role in marketing and selling the insurance policies of “Qershak el Abyad” program to millions of Egyptians and payments will be available through more than 166,500 Fawry machines and through e-wallets, so that customers will receive their policies electronically on mobile phones easily, this in cooperation with AIG Egypt Insurance Company, in a step that enhances financial inclusion in Egypt according to the plans and directives of the Egyptian government.”
aymanelmamoun

How insurance in Africa can find success | McKinsey - 0 views

  • frica is one of the world’s hot regions for insurance. Steady economic growth in most countries combined with a largely underdeveloped insurance sector have positioned the continent as the second-fastest-growing region for insurance globally after Latin America.
    • aymanelmamoun
       
      Insurance in Africa is considered a priority, thus many companies innovate in this sector by offering the customer the most valuable services.
hibaerrai

SmartelMoney | Home - 0 views

  • Enjoy the lowest rates in the country, cheaper than internet banking and even cheaper than mobile money. We have kept our fees as low as possible - we are the most affordable option on the market
    • kaoutarchennoufi
       
      The smartelmoney is distinguished by its low costing feature. Obviously, these facilities need to be affordable for many people in order to benefit from them because they are meant to improve lives by enabling people to transfer money at a lower cost.
  • Enjoy the lowest rates in the country, cheaper than internet banking and even cheaper than mobile money. We have kept our fees as low as possible. We are the most affordable option on the market.
    • hibaerrai
       
      One interesting selling point of this fintech is that you can do all your money transfer and transactions with low costs. It's the cheapest option in Lesotho. The aim is to help consumers so that they can afford these kinds of services.
aminej

Is Africa ready for robotic surgery? - New African Magazine - 0 views

  • A quiet but exciting revolution in surgery has been gaining ground in hospitals in the more advanced nations of the world. Robots, controlled by highly trained operators, have been very effectively carrying out a multitude of operations. Could robot-assisted surgery be the solution Africa has been waiting for in order to be able to deal with the hugecurrent unmet demand?
    • aminej
       
      The surgical robotic market is expected to rise from $3bn to $12.6bn by 2025. Surgery by robots typically improves efficiency, efficacy and precision during a procedure and minimises post-operation complications. The example of how rapidly the mobile phone was not only adopted by Africa but also adapted for the needs of Africans is a clear indication that the continent can leap-frog intermediate technologies and go straight to the cutting edge. The large volume of patients needing surgery can make robotics cost-efficient, mobile robotic units can be a dream come true and surgeons from remote areas can have access to the robot.
kenza_abdelhaq

GSMA | Lessons from Lumkani: Building resilience to fire in South Africa's informal set... - 1 views

  • Thanks to partnerships with NGO Islamic Relief South Africa, and insurance firm Hollard, residents are able to opt-in to a micro-insurance scheme which will insure their homes against damage or loss to fire. Early findings have shown this to be a critical lifeline to those impacted by fire outbreaks.
    • kenza_abdelhaq
       
      Lumkani partners working with the company to provide help and assistance to low-income families.
  • Building on the insights gained from the GSMA project, Lumkani plan to develop a suite of low-cost sensor technologies that would decrease the risk of fire as well as other risks such as flood or theft, and in turn create access to financial services which serve as a critical safety net. In addition, they will continue to work with the GSMA to pursue opportunities to roll out in numerous humanitarian contexts such as in Kenya, Iraq and Bangladesh.
    • kenza_abdelhaq
       
      Lumkani's future expansion plans include covering other incidents and risks likes flood and theft as well as rolling out in new areas and countries.
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    "Thanks to partnerships with NGO Islamic Relief South Africa, and insurance firm Hollard, residents are able to opt-in to a micro-insurance scheme which will insure their homes against damage or loss to fire. Early findings have shown this to be a critical lifeline to those impacted by fire outbreaks."
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