The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

11
1 2010 Toronto Microfinance Conference The Mobile Revolution: Using Technology to Reach the Poor with Microfinance The Mobile Revolution One View of its Power in Microfinance by Martha Deacon Founder and CEO The Townships Project

description

The Mobile Revolution: Using Technology to Reach the Poor with Microfinance. The Mobile Revolution One View of its Power in Microfinance by Martha Deacon Founder and CEO The Townships Project. The Mobile Revolution: Using Technology to Reach the Poor with Microfinance. Four Wheel Drive - PowerPoint PPT Presentation

Transcript of The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

Page 1: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

12010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

The Mobile RevolutionOne View of its Power in Microfinance

by Martha DeaconFounder and CEO

The Townships Project

Page 2: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

22010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

Four Wheel DriveMobile

2 October 2010

Page 3: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

32010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

The Unicycle

Microfinance

Limitations:1) 20% max voluntary;

80% necessity2) “whack-a-mole”

jealousy;3) Too many doing the

same thing4) Building assets &

infrastructure

Page 4: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

42010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

The Bicycle

Asset-BasedCommunity Development

Let’s use what we have to get what we want

Page 5: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

52010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

The Three-Wheeler

Third Wheel:

Corporate Social Investment/Enterprise Development

The ABCD’d community seeks additional resources…

Page 6: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

62010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

Four- WheelDrive

Fourth Wheel:

Microfranchising and other commercial solutions

Potential to systematize, replicate and brand a tiny business

Page 7: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

72010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

Mobile

• Market information• Banking services

• Money transfer• Repayments• Savings

• Inventory restocking • Accounting• Training• Mentoring

Page 8: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

82010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

• Foundation is ABCD –a motivated community

• Supported by Microfinance• & Corporate Social Investment• & Microfranchising and other commercial solutions• & Mobile Technology …

Four Wheel Drive Mobile!

Page 9: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

92010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

Help make it happen!

Four Wheel Drive Mobile!

Page 10: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

102010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

August 31 – September 2, 2011Khayelitsha and Cape Town, South Africa

(O.R. Tambo Recreation Centre & UCT Graduate School of Business)

First International Microfranchising

(and other commercial solutions)

Trade Show and Conference

Page 11: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

112010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

Thank you!

www.thetownshipsproject.orgWorking in South Africa; headquartered in Toronto