Financial Inclusion Capital for the Underserved - by Mellisa Lo

Financial Inclusion for the Underserved Melissa Lo – 24 October 2015The Kingdom Summit, 2015

2015

The Ensibuuko Story

David Opio Gerald Otim

Namuli: Case for the Rural Poor

2 acres = $500

10 acres=

$5,000

Currently… What if…

80% unfarme

d land

System Fragmentation

FarmersSavings Co-ops

National Banks

Markets

Gov’t Ministry

Formal Lending

• Expensive to reach customers – difficult roads, no staff

• High risk lending to the poor• No info = High interest

Informal Lending: Cooperatives

• Member - governed• Provide savings & loans• Lack management tools• People/Paper = Corruption• Not transparent

Government Ministry

• Lack resources• Difficult coordination• Inefficient management

tools

Farmers & Markets

Mobile Solution

• Farmer-friendly design• Co-op deployed• No paper, no corruption• Ministry Dashboard• Transparency• Credit history• National Bank loans

MOBIS Software and Wallet

System Solution

Back to Namuli

Scarcity Breeds Innovation

1 Cor 1:26-27

For consider your calling, brothers: not many of you were wise according to worldly standards, not many were powerful, not many were of noble birth. But God chose what is foolish in the world to shame the wise; God chose what is weak in the world to shame the strong.