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nourserghini

Online Loans In Ghana Without Collateral - 0 views

mfidie.com/line-loans-ghana-no-collateral

Carbon Lending Services Ghana

shared by nourserghini on 13 Feb 21 - No Cached
  • With Carbon, all loan requests, processes and payments are done via their android platform mobile app.You can borrow from as low as 5 cedis to as high as 1,000 cedis without the need to provide a collateral.All that is required of you as a loan applicant is your bio-data, your photograph, information about your employment and the loan amount you want.Once your loan has been reviewed and you pass the review process, your money is sent via the mobile wallet you applied with.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article explains that Carbon only operates with an android platform, that its credit offer has a minimum and maximum amount and that few informations are necessary for the loan application.
mohammed_ab

Egypt calls for financial inclusions - Wamda - 1 views

www.wamda.com/...ypt-calls-financial-inclusions

Fawry Financial inclusion Regulations

shared by mohammed_ab on 13 Feb 21 - No Cached
  • For years, Egyptian companies have been paying salaries in cash, and people have been saving money outside banks.  Only 10 percent of Egyptians have bank accounts, according to Payfort’s State of Payments in the Arab World 2014 report. Over the previous decade, the electronic payment market has been penetrated by two firms: state-owned e-Finance, which handles electronic payments from and to the government through banking channels, and private-sector Fawry, which was launched in 2008 to provide payment solutions through ATM machines, mobile wallets, and retail points. Chief technology officer of Fawry, Mostafa Elnahhas, told Wamda that his company succeeded in spreading 65,000 collection points in 300 cities for banked customers in Egypt. However, the electronic payment is still small-sized due to the large amount of unbanked customers and the low credit card penetration.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Fawry's main concerns for the next years is the large number of customers not familiar with electronic payment making fintech entry more challenging. E-services awareness should be made in that regard.
  • Regulations are, however, crippling entrepreneurs. Mourad Alashry, CEO of PayMe, launched his startup in August 2016. It  allows companies and businesses to collect electronic payment without signing contracts with banks or paying extra fees.  The startup offers a simple payment tool for companies to allow them to set up an account and have customers send money through it. PayMe app was forced by Egypt’s fiscal regulator to stop operating for four months to abide by regulations. (Photo via PayMe) However, shortly after its launch, the Central Bank of Egypt, the state regulator, suspended Payme’s operations as a payment firm as it wasn’t cooperating with a bank. The firm had to abide by this regulation until it followed the requirements and collaborated with state-owned bank the National Bank of Egypt, then resumed its business in January 2017.  
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Egypt's regulations are quite strict. If a fintech doesn't cooperate with a bank for instance, the central bank will suspend its activities until further notice.
  • Regulations are, however, crippling entrepreneurs. Mourad Alashry, CEO of PayMe, launched his startup in August 2016. It  allows companies and businesses to collect electronic payment without signing contracts with banks or paying extra fees.  The startup offers a simple payment tool for companies to allow them to set up an account and have customers send money through it.
  • ...1 more annotation...
  • Bureaucracy, the absence of clear government regulations in the electronic payment sector, and the low percentage of debit and credit card users in Egypt are affecting the sector, said Al Salahy.
  • mohammed_ab on 13 Feb 21
     
    This article shows that regulatory agencies are still very strict with fintech firms in Egypt. It makes the work for fintech very difficult as they need to abide by these regulations even if it affects their operations and growth.
kenza_abdelhaq

How BPC and EthSwitch are interconnecting Ethiopian banks - Intelligent CIO Africa - 2 views

www.intelligentcio.com/...nterconnecting-ethiopian-banks

Ethiopay Ethiopia Ethswitch

shared by kenza_abdelhaq on 11 Feb 21 - No Cached
  • EthSwitch has an objective to work as international gateway for all banks. When the project is fully completed, over 50 e-Payment products and services will be supported in EthSwitch covering card delivery channels like ATM, POS, mobile, internet, and voice. EthioPay is the brand given to the National e-Payment Switch of Ethiopia.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      EthioPay acts as the key model in e-payment switch. This part is essential and crucial at the same time, because a simple, minor detail could create a major problem/risk for the customer or in data privacy.
  • Amongst the future activities is to include mobile as part of the financial inclusion policy. Another active area is the recent launch of the domestic card called EthioPay. Across a national population of 100 million, there are 2.5 million card holders and 40 million mobile users. Sufficient opportunity for Bekele and his team in the time to come.
  • Since May this year the number of inter-bank transactions has been growing. This is expected to increase as the Ethiopian population becomes aware of the interoperability and ease of use of using cards in any bank’s ATM machine. Along the way there have been some transactions declines due to connectivity failures and those limitations are being addressed
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt is important because it shows one of ethiopay's issues. the interconnectivity is very low compared to what they are actually offering ( 100 transactions per second)
  • ...2 more annotations...
  • List of banks connected to EthioPay National Bank of Ethiopia Abay Bank Addis International Bank Awash International Bank Bank of Abyssinia Berhan International Bank Bunna International Bank Commercial Bank of Ethiopia Cooperative Bank of Oromia Dashen Bank Debub Global Bank Development Bank Enat Bank Lion International Bank Nib International Bank Oromia International Bank United Bank Wegagen Bank Zemen Bank
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it shows the list of partner banks to Ethiopay. This reflects the scope and influence that Ethiopay has in its home country, but also its close link to the banking sector.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Ethiopay has a large network of customer, cardholders, mobile users, and bank partners.
  • EthioPay is the brand given to the National e-Payment Switch of Ethiopia.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Ethiopay is considered to be the National e-payment Switch in Ethiopia. because of the number of interbank in the market nowadays Ethiopians start to be aware of the ease of using cards.
  • kenza_abdelhaq on 13 Feb 21
     
    "EthioPay"
mbellakbail69

Fintech for All: AgroCenta founder on market access for independent farmers in Ghana | ... - 0 views

medium.com/...-farmers-in-ghana-7267db730cbb

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • Financial inclusion, from my personal perspective, is the creation of value added services for the disadvantaged in the society. From the concept of Barefoot Banking to digital innovations, financial inclusion bridges the inequality financial gap that exists between the rural and the urban settings. My personal mission is to make it possible for the smallholder farmer who lives in the most remote parts of Ghana receive payment for his goods and services through a digital solution.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      AgroCenta's main goal is to increase financial inclusion in the country as disadvantaged farmers are important. Banks and fintechs don't always care about farmers' rights to extract loans for their businesses, so the point was to create an agritech only consacred for smallholder farmers, and that's amazing.
  • The Fintech space in Ghana is gradually picking up steam with active participation from the public and private sectors. Government regulations on e-money and mobile money technologies are favourable and aiding adoption and rolling out of new technologies every day targeted at the unbanked population. Out of the 6 major telecommunication companies operating in Ghana, 4 are mobile money enabled, facilitating financial transactions between businesses and consumers. Banks also have rolled out services that target financial inclusions. These positive tides are helping shape the Fintech landscape in Ghana.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      AgroCenta's goal is to provide small-scale farmers with access to market by removing exploited purchasing from the value chain and to allow smallholders to directly sell to customers at a fair market price, so as to raise the farmer from subsistence farming to commercial activities.
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
aminej

FarmDrive Raises Funding to Help Africa's Smallholder Farmers Get Finance with Credit S... - 0 views

agfundernews.com/-credit-scoring-algorithm.html

Kenya Online Fintech Mobile Agriculture Farmers Funds

shared by aminej on 13 Feb 21 - No Cached
  • So far, 3,000 farmers have registered with FarmDrive, borrowing over $130k in loans. That’s a tiny portion of what’s needed across Africa where 65% of the workforce is involved in agriculture, but less than 1% of bank loans go to the industry. And globally there’s a $450 billion funding gap in agriculture, according to FarmDrive.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      FarmDrive is fulfilling a market gap by providing loans and access to financing to farmers who represent 65% of the workforce in Africa.
  • FarmDrive, a Kenyan data analytics startup helping smallholder farmers in Africa access credit from local banks, has raised funding from the venture arm of Safaricom, the biggest communication company in East and Central Africa, Safaricom Spark Venture Fund.
    • aminej
      aminej on 13 Feb 21
       
      More and more companies are raising funds for agricultural fintechs since they are realizing that agriculture is very important mostly during crisis period. Also, small holder farmers need protection and investments in order to maximize their profit
  • kenza_abdelhaq on 13 Feb 21
     
    "So far, 3,000 farmers have registered with FarmDrive, borrowing over $130k in loans. That's a tiny portion of what's needed across Africa where 65% of the workforce is involved in agriculture, but less than 1% of bank loans go to the industry. And globally there's a $450 billion funding gap in agriculture, according to FarmDrive."
tahaemsd

WorldCover Raises $6 million Fund to Provide Insurance for Smallholder Farmers - Techgi... - 0 views

www.techgistafrica.com/...urance-for-smallholder-farmers

FinTech Africa Service modernization climate change

shared by tahaemsd on 13 Feb 21 - No Cached
  • WorldCover has raised a sum of $6 million Series A fund to help support smallholder farmers in emerging countries in Africa. The company reduces the risk of farming for smallholder farmers with the use of satellite imagery, on-ground sensors, mobile phones and data analytics to provide crop insurance protection.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      Worldcover raises $6 million fund to provide insurance for smallholder farmers
chaimaa-rachid

Artificial Intelligence Innovation in Financial Services - 0 views

www.ifc.org/...novation-in-financial-services

artificial intelligence worldcover technology

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • Realizing financial inclusion benefits through the adoption of artificial intelligence relies on its responsible adoption by firms, on competitive market settings, and on continued investment in the necessary infrastructure.
  • chaimaa-rachid on 13 Feb 21
     
    Worldcover profits by the utilization of AI in developing business sectors as it permits it to robotize significantly more its business interaction and influence enormous data to tackle issues and overcome obstacles.
ghtazi

Mukuru CEO - Using technology to serve the underserved - Intelligent CIO Africa - 0 views

www.intelligentcio.com/...nology-to-serve-the-underserve

Zimbabwe African Financial Inclusion

shared by ghtazi on 13 Feb 21 - No Cached
  • Biometrics is another sort of key differentiator in the space for increased security and ease of sign-up. Africa is ready for digitisation, and we have already seen good traction in SA with our Mukuru Card product. Mukuru is investing in technology to support customers as they digitise in the coming years, across our footprint.
  • Ensuring that the core stability and functional capability brought about by the technologies and coding languages mentioned earlier is of paramount importance. We are relaunching our app and that’s been built on the Flutter framework. The app is important because it allows for content rich customer engagements.It will also enable us to ingest/scan customer documents in real-time, process card payments securely so that customers can create and pay for orders in one step as opposed to two, as well as allowing for a host of additional customer facing services and capabilities to be deployed.The core DNA of our business is making sure that it’s super simple and that somebody with a feature phone is not precluded from using the service, because that is the essence of where our customer base is at, so we want modular technological capabilities that we can use in any conditions.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This article is important because it touches upon different facets of Mukuru, but the highlighted excerpts are very interesting because they enumerate the different technologies in which Mukuru is investing and the reasons behind such investmnents.
  • ...3 more annotations...
  • Mukuru has been at the forefront of technology launching a multitude of cutting-edge initiatives designed to solve problems for the African migrant diaspora.This year has seen it launch Mukuru Groceries – a service that is giving SADC based customers the ability to send groceries to their families and communities back home in Zimbabwe.At a time when many families are struggling to obtain basic commodities, Mukuru Groceries will help support Zimbabwe’s large diaspora in their quest to send critical financial resources to families back home.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Even if Mukuru operates only in Africa, it creates new concepts that will make their services essential in the country. Mukuru groceries is a smart strategy, and it will help attracting more and more customers as it supports one of their vital needs.
  • Through our partnerships we have over 300,000 pay-in and pay-out points across Africa. We’ve partnered with major banks in all the territories we operate in – if we don’t have a licence, particularly at the outset of a product or service offering, in the country, then we have to use an authorised dealer bank. We work with the big retailers in South Africa, that have been exceptional at making their branch infrastructure with their footprint available to digital services. So we work with all the big retailers in South Africa and similarly so in other territories, so companies like Shoprite, Pick n Pay,Boxer, Spar, PEP, Massmart, complemented by mobile wallets like mPesa – a range of key names.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Working with different partners across Africa can be beneficial to Mukura since they can expand their business in other countries besides the ones that they are already working with.
  • The company has also formed a partnership with WorldRemit, a leading global online money transfer service, to facilitate money transfers to Zimbabwe from across the globe. The partnership will be instrumental in bringing world-class financial services to Zimbabweans and generating new synergies for African financial inclusion
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see that the company has a partnership with WorldRemit, which is a leading global online money transfer service, in order to facilitate the transfer of money for Zimbabwe from across the globe. which in my humble opinion will create and generate new synergies for African financial inclusion.
mehdi-ezzaoui

A case-based reasoning approach to rate microcredit borrower risk in online Kiva P2P le... - 1 views

www.emerald.com/...html

KIVA online p2p lending

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • he adopted approach is applied and evaluated employing a selection of cases from individual loans. From this perspective, the case base and the codified knowledge about how to evaluate risks associated with a loan represent two examples of knowledge IT artifacts.
  • mehdi-ezzaoui on 13 Feb 21
     
    The authors discuss how the combination of available historical data on loans and their outcomes (structured as a case base) and available knowledge on how to evaluate the risk associated with a loan request can be used to provide the end users with an indication of the risk rating associated with a loan request based on similar past situations.
hibaerrai

Thndr | Global Ventures Portfolio - 0 views

www.global.vc/thndr

Thndr Egypt Fintech Investment Securities

shared by hibaerrai on 13 Feb 21 - No Cached
  • thndr is Egypt's mobile first investment platform with 0% commission, no account minimum, access to real time news, market data and easy account setup and funding processes.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Thndr wants to make its equity trading platform easy and convenient to invest in.
nouhaila_zaki

What Kenya's mobile money success could mean for the Arab world - 1 views

www.worldbank.org/...-could-mean-for-the-arab-world

M-Pesa Kenya Arab World

shared by nouhaila_zaki on 12 Feb 21 - No Cached
  • For a successful model, the Arab World can look to Kenya’s development of mobile money or “M-Pesa”. In many ways, the elements that lead to M-Pesa’s success in Kenya are already present in the Arab World. Young people in MENA are digitally savvy, are active on social media and are some of the heaviest users of mobile phones in the world.
    • hichamachir
      hichamachir on 12 Feb 21
       
      M-Pesa can influence many countries to believe in the power of technology and innovation. I think that embracing the entrepreneurial lifestyle can help many countries to innovate and create successful business and M-Pesa is a great example.
  • The growth of M-Pesa is the result of many factors, including the ease of setting up an account (which is free and only requires an official ID), its simplicity of use, its affordability, the high literacy rate of the population, and the high penetration of mobile phones.Another key element to M-Pesa’s growth worth emphasizing is the regulatory stance adopted by the Central Bank of Kenya (CBK). It decided not to oppose the entry of the telecom operator into the financial sector as long as it offered sufficient guarantees. CBK adopted an “above the fray” position as a regulator and allowed for experimentation in order to foster innovation.
  • The successful adoption of M-Pesa in Kenya reverberated across the African startup scene. It acted as a catalyzer and a signal for young entrepreneurs in Kenya and Africa as a whole: revolutionary ideas could be successfully implemented in Africa and generate both business opportunities and a development path for local communities.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      M-Pesa will influence many nations to believe in the potential of creativity and technology. I think it will help many countries to innovate and build effective companies by adopting the entrepreneurial lifestyle, and M-Pesa is an excellent example.
  • ...1 more annotation...
  • A MENA perspectiveMENA could easily follow in Kenya’s footsteps, and reap immense benefits. The adoption of mobile payment systems makes transactions cheaper, easier and safer. By simplifying how clients can pay for goods and services, it helps firms reach out to new customers and foster private sector development across the economy. Moreover, as is often the case with innovations, it has the potential to be built upon and used by other new technologies and to create a positive momentum in fintech as a whole.Governments in the Middle East and North Africa should enable digital innovation with conducive regulations and the development of a regulatory ‘sandbox’, which guarantees the security of transactions but allows for experimentation, that would stimulate the development and adoption of disruptive innovations.Today, economic connectivity is achieved by the development and harmonization of optic fibers, IT equipment, online payment systems, information transmission and data protection policies. If the MENA region puts sufficient efforts in this direction, it could propose a new path to its citizens, in particular the youth, and bring about a new development strategy adapted to the modern age.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This except is very interesting because it touches upon the way in which M-Pesa could benefit MENA societies. It encourages MENA governments to legislate in favour of innovation and digital products in order to propose a new development strategy that befits the modern age.
  • mohammed_ab on 12 Feb 21
     
    I think that this article has some great information on how to replicate the success story of M-Pesa in the Arab World. I think that the Arab World is in need of such service to facilitate the life of unbanked people, and especially women. This article also highlights the importance of having a lenient regulatory system.
hibaerrai

Thndr obtains brokerage licence, executes digital commission-free trading - Daily News ... - 0 views

dailynewsegypt.com/...igital-commission-free-trading

Thndr Egypt Fintech Investment

shared by hibaerrai on 13 Feb 21 - No Cached
  • The company is keen to work with companies specialising in the financial technology (fintech) solutions field, to contribute to the development of the Egyptian capital market sector. The most prominent of these partnerships includes a contract with the Egyptian Company for Information Dissemination (EGID). The latter company has been the approved authority for distributing information to EGX listed companies in the country for more than 20 years. “By using technology and introducing an easy-to-use application, we hope to remove all barriers users face, whether by making the account opening process easier or reducing costs,” said Saif Amr, co-founder of Thndr. He added, “We help companies by facilitating dealing in the Egyptian Stock Exchange, but we intend to offer other investment options soon to suit all segments.”
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Thndr created lots of partnerships with other similar fintechs in different countries as well as important companies that provide data about interest rates, listed companies in the egyptian stock exchange, to make the investment profitable.
mehdibella

In a cash-strapped age, are microloans the answer? | World news | The Guardian - 0 views

www.theguardian.com/...ancing-poverty-good-news-loans

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Millions of people in developing countries depend on microloans to raise the funds to grow a business or just stay afloat in hard times. And thanks to digital platforms, smartphones and free-moving global capital, growing numbers of people in the rich world are using their money to lift others out of poverty.
  • But the reality is often a lot messier – something that may not initially be obvious to the lender. In fact, like Cabusog and Lendwithcare, borrowers and crowdfunding sites connect via local partner microfinance institutions (MFIs) who do the essential work of assessing creditworthiness and administering loans. To pay for that, most MFIs charge interest to borrowers, often at wildly varying rates.
  • Kiva is the slickest of the microfunding websites, offering a mind-bogglingly glossy catalogue of projects sorted into different categories, countries and attributes, all illustrated with backstories and pictures.
  • ...2 more annotations...
  • Kiva is often already in the borrower’s pocket, lent by a local MFI long before the loan target has been met. There are good practical reasons for this, explains Kathy Guis,
  • Kiva is using blockchain technology in Sierra Leone to create an online ID database so that loan applicants outside the formal banking system can prove their credit history, and it hopes to extend the system to other countries if successful.
  • mohammed_ab on 13 Feb 21
     
    It seems that microfinance or crowdfunding is life-saving for many young entrepreneurs. However, there are some practices that sometimes interfere with the non-profit status of companies like Kiva. On Kiva's website, It's stated that loans are free of charge, but the MFIs charge interest to borrowers at varying rates depending on the region, which might affect the borrowers.
mehdibella

Kiva Is Really A Crowdfunded Bank For Refugees And Other 'Unbankables' - 0 views

www.forbes.com/...refugees-and-other-unbankables

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • You’ve probably heard of Kiva, but if you aren’t among the 1.7 million people who have made loans on the platform, you may not really know what it is. This crowdfunding platform is, in effect, a bank funded by people who lend their money with an expectation of losing only a little, to 2.9 million people who stand to gain a lot.
  • Today, Kluge serves as an advisor on Kiva’s leadership council. Kiva’s senior investment manager for refugees and displaced populations, Lev Plaves, serves on the steering committee for the Refugee Investment Network.
  • The fund provided $5 million in loans to more than 8,000 refugees and yielded something that is almost invaluable: data. The fund proved that refugees are just as likely as most—and more likely than some—to repay their loans, making way for more loans and economic support for this particularly vulnerable population.
mehdi-ezzaoui

Improving Financial Outcomes with FinTech | by Flourish Ventures | Medium - 1 views

medium.com/...omes-with-fintech-6fc79d5248f5

PULA Service FinTech

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • Pula is providing radically restructured agriculture insurance for smallhold farmers in Africa. Using satellite technology and data to provide previously uninsured landowners with a better safety net, Pula policies are free for the farmers. Premiums are paid by input companies or farm aggregators whose business interests are served by protecting farmers’ incomes.
  • mehdi-ezzaoui on 13 Feb 21
     
    Bringing Insurance to Smallhold Farmers
mehdi-ezzaoui

The Next Wave: Software is eating agriculture | TechCabal - 1 views

techcabal.com/...ca-software-eating-agriculture

PULA Service software

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • This is not a full list of hot agritech startups in Africa. But when you add Pula – a Kenyan farm insurance startup – to the above, it shows the variety of data-driven innovations aiming to re-organise and fill gaps across the agricultural value chain. From farm to factory to food.
  • mehdi-ezzaoui on 13 Feb 21
     
    software and agriculture is the new trend
nourserghini

Xalles Holdings Expands Cryptocurrency Strategy With Vigor Crypto Other OTC:XALL - 0 views

www.globenewswire.com/...trategy-With-Vigor-Crypto.html

Fintech Digital assets Strategy

shared by nourserghini on 13 Feb 21 - No Cached
  • Vigor Crypto Labs set up to formalize the testing of the trading strategies in preparation for B2B commercialization WASHINGTON, DC, Feb. 11, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, announces strategic initiatives to capitalize on the growing digital asset and cryptocurrency market. 
    • nourserghini
      nourserghini on 13 Feb 21
       
      Xalles Holdings Inc. is an example of fintechs taking the strategy of capitalizing on digital assets and cryptocurrencies.
mbellakbail69

JUMO wins UNCDF's Sprint4Women Design Competition in Zambia - UN Capital Development Fu... - 0 views

www.uncdf.org/...n-design-competition-in-zambia

shared by mbellakbail69 on 12 Feb 21 - No Cached
  • UN Capital Development Fund (UNCDF) is pleased to announce that JUMO has won their Sprint4Women Design Competition for women’s financial inclusion in Zambia. JUMO was one of three finalists competing for a grant to roll-out digital financial services (DFS) solutions for the rural women of Zambia, alongside Fenix Zambia and Hobbiton Investments.
  • JUMO wins UNCDF’s Sprint4Women Design Competition in Zambia - UN Capital Development Fund (UNCDF)
  • JUMO’s experience and expertise will help extend access to credit and savings so that women in Zambia can grow their businesses or save towards essential lump-sum payments, such as school fees.
  • ...4 more annotations...
  • JUMO partners with forward-thinking funding and data/distribution partners to deliver digital financial services and will be working with Absa Bank Zambia PLC and MTN Zambia to provide these improvements.
    • mehdibella
      mehdibella on 13 Feb 21
       
      Jumo won many awards all over the worlds and grants that will help it as a company to grow and expand its business into other countries
  • Jumo scored highest of the three companies and will be awarded a $85,000 grant once the UNCDF grant review process is completed.
  • As one of the first providers of non-collateral-based, digital lending products that can make funds available in minutes, JUMO’s experience and expertise will help extend access to credit and savings so that women in Zambia can grow their businesses or save towards essential lump-sum payments, such as school fees.
  • To win the competition, the companies needed to demonstrate: that their product fits the needs of rural women, how they would increase the number of women customers signing up for and using DFS, and that the company could scale their product to at least 30,000 new customers, with at least 60% of them being women.
  • hichamachir on 12 Feb 21
     
    JUMO's social work is a brilliant idea because it's a key to win customers heart. Also, expanding to other African countries with the idea of improving their lifestyle can only be beneficial for the company because people of that country are going to spread positive word of mouth about the company.
  • mohammed_ab on 13 Feb 21
     
    I like how JUMO is helping businesswomen in Zambia to access lending products to run their business. Women suffer a lot from the lack of financial inclusion, and with JUMO, we can fight this phenomenon.
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