Information and Communication Technologies for Development

1.) MFI, credit bureau
2.) Kiosks (market, successful), piggyback
3.) ICICI internet kiosk, smart cards: biggest bank see their successes
4.) SKS microfinance
5.) Compartamos, safesave, basix
6.) How important is time? –operation costs
7.) What volume are we looking at? –operation costs
-how many people vs low labor cost? (marginal)
8.) shared technologies (school): internet connection (dial up)
9.) MFI collect data, computer analysis outsource
10.) ATM, PAs
11.) Wireless Technology (GSM)
12.) shifting to for profit
13.) eliminate small player
14.) successful dimension:
15.) procurement cost and software funds
Untraditional data what is acceptable
Traditional microfinance no money lenders (change 1 element to ICT4D)
Staged approach
Meetings: traditionally held at the day?
SMS: enter data
-no widespread cell phone use (1 shared phone)
-save time by uploading
Traditional microfinance: w/agent
Collect finance info (feed data in)
1 person @ school: upload data
Agent keys in the info
-sends it to the bank
Travel around to different villages
How do people make money? How much do people make?
1.) Type of customers: how poor
2.) Type of loan: for what types of activities (send your children to school, collateral, interest rate, repayment structure) (sustainable)
3.) Type of bank
200 kids in school
Business plan competition
Census
1st screening w/ agent
-then back-up with audits
i. 1 agent for all MFI
-all bank sharing here
-lower costs
-bank cooperating together
ii. share internet access