Microfunding mobile microfinance

MICROFUNDING

MOBILE MICROFINANCE

Selma AlparslanEzgi Çiman

What is Mobile Commerce?

Description

•Extending business applications using wireless technology

Examples•eBay mobile•PayPal mobile checkout•AoL mobile moviefone

Revenue Model

•Sales of goods and services

The term “digital divide” refers to the gap between people with effective access to digital and information technology and those without.

WHY PEOPLE NEED EXTRA CREDİT İN THEİR DAİLY LİVES?

Life-cycle needs (such as weddings or funerals…)Handle personal emergencies (illness, disability, theft, unemployment…)Disasters (fire, flood, hurricane, war…)Investment Opportunities (buying land or equipment…)

Microfinance refers to the provision of financial services to poor or low-income clients, including consumers and the self-employed.

Access to a range of financial services will

help lift the poor out of poverty

More than 3000 institutions

665 million poor clients

¼ of those were classified as microfinance

In 2007, institutions were providing more than $25 billion

Grameen Koota

Founded by Mohammad Yunus

Grameen Bank provides microcredit to more than 7

million woman in Bangladesh

Cell phone use is growing quickly among Grameen Koota’s customers.

India China Philipinnes …

Growth of Cell Phone Using

1 billion people in

India

17% of world

population

2008 •300 million Indians had cell phones

2012 •750 million Indians had cell phones

is software of

mChek got a boost when Airtel decided to incorporate mChek’s software directly into their simcards.

Obopay India is also developing a microfinance mobile platform which is working with Grameen Solutions.It is Created by Muhammed Yunus.

Muhammed Yunus received the Nobel Peace Prize in 2006 along with Grameen Bank for work done on microcredit.

MOBILE MICROFINANCE

IN TURKEY

Turkcell and Tisva (Turkey Waste Prevention Foundation) launched a campaign which is for low-income woman who want to start economic manufacturing. Through the “woman’s power for economy”, the first time a mobile operator is implementing “microcredit model” in partnership with a microfinance institution.