Skip to main content

Home/ Spring 21 Capstone 640pm/ Group items tagged Sustainable

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
mehdibella

Leading digital financial services company Carbon from Nigeria posted all-time high gro... - 0 views

thefintechtimes.com/all-time-high-growth-last-year

Bank Transfer Money Telecom Fintech Strategy

shared by mehdibella on 13 Feb 21 - No Cached
  • Lagos, Nigeria – Leading digital financial services company, Carbon, has released it’s 2019 financial statements audited by KPMG, detailing its product growth and $17.5mm in revenue.Carbon began operations in 2012 and within the space of six years, it grew revenue steadily, reaching an all-time high of $17.5mm in full-year 2019. In the same year, Carbon expanded its product offerings to the Kenyan market and it’s disbursement volumes have grown from N13bn (2018) to N23bn.Formerly called Paylater, Carbon pioneered instant lending in Nigeria and was the first mobile app to provide access to credit digitally and without requesting individuals to present the documents and collateral traditionally associated with accessing loans. Earlier this year, Carbon introduced its iOS app and USSD (*1303#) service. It also announced its Disrupt Fund, a $100,000 Pan-African fund to address the lack of capital for African tech startups.“The company will continue to share it’s audited financials annually, thus upholding a culture of transparency and accountability,” says Ngozi Dozie, Founder of Carbon.So far this year, Carbon has introduced multiple new features for its customer base including Carbon Express: a keyboard allowing users to make payments from any social app, periodic investments, free bank transfers, monthly wallet interest, and more.Carbon also plans to introduce debit cards, a reward program for loyal customers and SME accounts for entrepreneurs, in the months to come.You can find the full annual report here (https://bit.ly/2YNuvPw).About Carbon: Carbon (https://getCarbon.co) is a pan-African digital financial institution accessible via smartphones and which provides individuals with access to credit, a fee-free/interest-earning wallet, simple payments solutions, high-yield investment opportunities and easy-to-use tools for personal financial management.Our mission is to empower opportunity globally through friction-free finance that empowers individuals and businesses. We are a global company of over 100 employees with operations in Nigeria, England and Kenya.
    • samiatazi
      samiatazi on 13 Feb 21
       
      Carbon started operations in 2012 and gradually expanded its revenues over six years to an all-day volume of $17.5 million over the whole year of 2019. In the same year, the commodity offerings were extended by Carbon to Kenya and volumes of disbursements were raised, from N13bn (2018) to N23bn. All these information show the sustainable development and brilliant achievement of the company.
  • Carbon began operations in 2012 and within the space of six years, it grew revenue steadily, reaching an all-time high of $17.5mm in full-year 2019. In the same year, Carbon expanded its product offerings to the Kenyan market and it’s disbursement volumes have grown from N13bn (2018) to N23bn.
  • Leading digital financial services company Carbon from Nigeria posted all-time high growth last year
  • ...2 more annotations...
  • “The company will continue to share it’s audited financials annually, thus upholding a culture of transparency and accountability,” says Ngozi Dozie, Founder of Carbon.
  • So far this year, Carbon has introduced multiple new features for its customer base including Carbon Express: a keyboard allowing users to make payments from any social app, periodic investments, free bank transfers, monthly wallet interest, and more.
hibaerrai

ESA - ESA satellites help Kenyan farmers access loans - 0 views

www.esa.int/...lp_Kenyan_farmers_access_loans

FarmDrive Agritech Kenya E-payments Data

shared by hibaerrai on 13 Feb 21 - No Cached
  • Two thirds of the African population work in agriculture, yet just 1% of commercial loans go to the sector, and very few of these are allocated to smallholder farmers. Kenyan company FarmDrive is using data from ESA's Food Security Thematic Exploitation Platform (TEP) to help smallholder farmers access the funds they need.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      FarmDrive big data is generated using developed platforms that support sustainable agriculture. The whole system is well supervised, and all the decisioning tools employed support the community, and that will definitely increase its customer base in the next years.
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.
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.
mehdi-ezzaoui

PULA | LinkedIn - 0 views

ch.linkedin.com/...pula-advisors

PULA Service Africa

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • We work across Africa and Asia, and in 2019 alone, we facilitated crop and livestock insurance cover to 1.1mln farmers and have offered our products in 11 markets from Senegal, Mali, Nigeria, Ethiopia, Kenya, Rwanda, Uganda, Tanzania, Malawi, Zambia, and Mozambique. Since starting in 2015 our products have reached over 3.4mln households. Our Founders work in insurance has been recognized by several international awards including the Financial Times/IFC Award for Sustainable Finance, the Singapore Fintech Festival, Womens World Banking, Credit Suisse, and InsureTech3.0.
  • mehdi-ezzaoui on 13 Feb 21
     
    pula profile on linked in
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.
‹ Previous 21 - 26 of 26
Showing 20▼ items per page