Mobile microfinance for social development Workshop on the Role of Mobile Technologies in Fostering Social Development ****** Workshop on the Role of Mobile Technologies in Fostering Social Development June , Sao Paulo, Brazil mobile microfinance Raphaël Dard, ICT for Trade Development Organized by the:
Workshop on the Role of Mobile Technologies in Fostering Social Development June , Sao Paulo, Brazil mobile microfinance Mobile phones for business tradeathand marketPrices An International Trade Centre service
Workshop on the Role of Mobile Technologies in Fostering Social Development June , Sao Paulo, Brazil mobile microfinance Mobile phones for business tradeathand marketAlerts An International Trade Centre service
Workshop on the Role of Mobile Technologies in Fostering Social Development June , Sao Paulo, Brazil mobile microfinance Microfinance and its strengths Access to credit, savings, funds transfer and even insurance Loans: a critical entrepreneurship-enabling factor Microfinance is a strong poverty reduction tool Can help businesses to move from informal to formal economy About 120 million people have access to microfinance today
Workshop on the Role of Mobile Technologies in Fostering Social Development June , Sao Paulo, Brazil mobile microfinance World penetration growth of mobile phones… source: wireless intelligence/GSMA
Workshop on the Role of Mobile Technologies in Fostering Social Development June , Sao Paulo, Brazil mobile microfinance User number evolution, in Africa Million users
Workshop on the Role of Mobile Technologies in Fostering Social Development June , Sao Paulo, Brazil mobile microfinance Linking urban and rural areas
Workshop on the Role of Mobile Technologies in Fostering Social Development June , Sao Paulo, Brazil mobile microfinance M-banking pioneers Source: CGAP 2008
Workshop on the Role of Mobile Technologies in Fostering Social Development June , Sao Paulo, Brazil mobile microfinance Why m-microfinance has a huge potential for social development? Mobiles allow substantial transaction cost reduction Cost-efficient financial services open huge opportunities Reach many so-called “unbanked” Financial services boost entrepreneurship Entrepreneurship is key for social development
Workshop on the Role of Mobile Technologies in Fostering Social Development June , Sao Paulo, Brazil mobile microfinance Challenges ahead Raise awareness on the potential, at government level Collect/disseminate best practices and models to avoid Propose facilitating measures and regulations Provide revenue-sharing schemes that benefit All Ensure a gradual and constant progress towards a global mobile-based financial network for developing economies
Workshop on the Role of Mobile Technologies in Fostering Social Development June , Sao Paulo, Brazil mobile microfinance The need for a dedicated and concerned group A forum where all stakeholders are represented A body that voices concerns and recommendations A body that has influence at a high level A body that can act according to recommendations Ready to address collectively the challenges, and:
Workshop on the Role of Mobile Technologies in Fostering Social Development June , Sao Paulo, Brazil mobile microfinance Thank you for your attention Raphaël Dard