hivos seminar - dar es salaam 2010

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Hivos, a Dutch development organization, in cooperation with IDRC, Adept Systems and Triodos Facet, is pleased to invite you to a seminar on open source Management Information Systems and ICT trends in Microfinance, on 25th and 26th November 2010 in Tanzania.Speaker: Michael Wakahe, Director, Shujaa Solutions LtdDate: 25th - 26th Nov 2010Venue: Protea Court Yard Hotel, Dar es Salaam, Tanzania

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  • 1. ICT Considerations for MFIsPresented by:Michael WakaheShujaa Solutions LtdNov 26th 2010

2. Table of Contents Shujaa Solutions Background Challenges for MFIs Solutions in Mobile & Related ICT Demo of Mifos Mobile ApplicationCopyright Shujaa Solutions Ltd. 2010. AllRights Reserved. 3. Shujaa Solutions Background 4. Shujaa Solutions Background Software development company Specializing in mobile technologies Started late 2008 CCK approved as Content Service ProviderCopyright Shujaa Solutions Ltd. 2010. AllRights Reserved. 5. Challenges for MFIs 6. Challenges for MFIs Has a very large number of clients that arescattered E.g. Grameen Bank, Bagladesh approximately 24,700 employees & over 7.34million clients Employee: Client ratio: 1: 297Copyright Shujaa Solutions Ltd. 2010. AllRights Reserved. 7. Challenges for MFIs The ability to track the status of its portfolio ina timely and accurate manner is often themost pressing need of an MFI Have to be financially independent asap tostop relying on donor funding Copyright Shujaa Solutions Ltd. 2010. Allrights reserved. 8. Challenges for MFIs Fungibility use of borrowed money forsomething else and later other funds used forloan purpose Have a challenge of reminding clients ofoverdue loans due to large numbers Copyright Shujaa Solutions Ltd. 2010. All Rights Reserved. 9. Solutions in Mobile & Related ICT 10. Solutions in Mobile & Related ICT Numerous mobile technologies involved e.g. applications, mobile web, SMS, USSD Can connect with microfinance MIS to have 2 way transactions Copyright Shujaa Solutions Ltd. 2010. All Rights Reserved. 11. Solutions in Mobile & Related ICT Mobile devices can reduce number of staffrequired for appraisal Instant lending via automated credit check e.g. use transactional history of MpesaCopyright Shujaa Solutions Ltd. 2010. AllRights Reserved. 12. Solutions in Mobile & Related ICT Mobile repayment history can also be used as credit check when borrower graduates to large financial institutions e.g. banksCopyright Shujaa Solutions Ltd. 2010. AllRights Reserved. 13. Solutions in Mobile & Related ICT Control fungibility by directly purchasing itemsfor borrower instead of giving cash Repayment of loans can again be made viamobile money transfers Repayment reminder also through mobileCopyright Shujaa Solutions Ltd. 2010. AllRights Reserved. 14. Solutions in Mobile & Related ICT ICT can reduce CAPEX & fixed assets somecosts pushed to borrowers e.g. handsets Can provide social intermediation services e.g.receive tips over mobileCopyright Shujaa Solutions Ltd. 2010. AllRights Reserved. 15. Solutions in Mobile & Related ICT Asset Tracking can be enhanced using mobile Assets used as security for loans For example: taking mobile photos of businessitems; GPS triangulation of premisesCopyright Shujaa Solutions Ltd. 2010. AllRights Reserved. 16. Solutions in Mobile & Related ICT Impact Analysis the impact of microfinanceinterventions in the community served Can be aided by mobile e.g. questionnaires onphone, credit history on mobile paymentsCopyright Shujaa Solutions Ltd. 2010. AllRights Reserved. 17. Solutions in Mobile & Related ICT Many forms of mobile communication can besecured Will use hybrid of shared key & public-privatekey encryption on IP trafficCopyright Shujaa Solutions Ltd. 2010. AllRights Reserved. 18. Solutions in Mobile & Related ICT Today handsets for as low as KES 3000/- (USD$38) can use Internet communication Low cost, at KES 5/- (USD $0.0625) per MB, 1SMS to cost KES 0.08 cents, equivalently, 6250SMS for 5/-Copyright Shujaa Solutions Ltd. 2010. AllRights Reserved. 19. Demo of Mifos MobileApplicationCopyright Shujaa Solutions Ltd. 2010. AllRights Reserved. 20. Demo of Mifos MobileApplicationCopyright Shujaa Solutions Ltd. 2010. AllRights Reserved. 21. Demo of Mifos MobileApplicationCopyright Shujaa Solutions Ltd. 2010. AllRights Reserved. 22. References Ledgerwood, J. (1998). Microfinance Handbook: An Institutional and Financial Perspective. Washington D.C., USA: The International Bank for Reconstruction and Development/THE WORLD BANK http://en.wikipedia.org/wiki/Grameen_Bank Copyright Shujaa Solutions Ltd. 2010. All Rights Reserved. 23. The EndMichael Wakahemichael@shujaa.co.ke+254 (0)20 250 9260 www.shujaa.co.ke www.shujaa.mobi

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