Stories tagged with mobile technology
On a recent trip out of Nairobi, we arrived in Eldama Ravine, a small town of around 15,000 people in Kenya's Rift Valley Province. On our arrival we were greeted by Benson, the local loan officer for SMEP Microfinance Bank, who proudly walked us down Eldama Ravine's main street, into a building containing a general store and an education center, and up two flights of stairs to a small office overlooking the busy local... Continue Reading >>
Earlier this month Kiva Zip celebrated a milestone of having disbursed its 1,000th loan to entrepreneurs in Kenya. What is unique about the Kiva Zip model is that it is a direct, person-to-person lending platform with 0% interest loans and no fees for the borrowers (learn more here!). We are very excited about the tremendous progress we have made and about the improvements we continue to make that allow us to better serve our borrowers, Trustees, and lenders.
Kiva Zip targets entrepreneurs with very small businesses and who can benefit from a loan as small as $50-$100...Continue Reading >>
Are tablets a practical solution to rural microfinance operations?
This is the big question I am working to answer during my 4 months in beautiful Kenya. This appears to be a simple question with an obvious answer. However, after traveling over 1000 kilometers in one week throughout urban and rural Kenya, I have learned about the obstacles that will make tabletizing Kiva... Continue Reading >>
After spending three weeks in Kenya (a third one in Tanzania reaching the summit of Kilimanjaro) and having the chance of experiencing the realities of the field as a Kiva Zip fellow I can’t feel more blessed with life for being here.
I define it as opportunity for learning while doing an impact and that is everything I need for my life at the moment. I am having the perfect exposure to gather the strength and confidence I need in order to achieve catalyst change in the way people think and act. Only with the sake of bringing process to...
Although there is a growing middle class in Africa, the lack of basic services, adequate infrastructure and access to banking are still pervasive. Rather than completely stifling growth, these deficiencies have become fertile ground for innovators whipping up solutions and products customized for the continent. In Africa, developmental challenges can be synonymous with opportunity. “We thank God for giving us many problems so that we can find solutions,” joked Kenyan Information and Communication secretary Bitange Ndemo to the Daily Nation at an IBM forum in February...Continue Reading >>
There is no shortage of articles documenting Africa’s position on the cusp of global development, with Kenya as a particular harbinger of those expectations. The Economist has reneged on writing off Africa as a “Hopeless Continent” several times since it featured the headline a decade ago. In 2011 it published “Africa Rising,” in which it identified 6 of the fastest growing countries in the world as African, with GDP growth surpassing East Asia. Last August, it...Continue Reading >>