the mobile revolution: using technology to reach the poor with microfinance

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1 2010 Toronto Microfinance Conference The Mobile Revolution: Using Technology to Reach the Poor with Microfinance The Mobile Revolution One View of its Power in Microfinance by Martha Deacon Founder and CEO The Townships Project

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The Mobile Revolution: Using Technology to Reach the Poor with Microfinance. The Mobile Revolution One View of its Power in Microfinance by Martha Deacon Founder and CEO The Townships Project. The Mobile Revolution: Using Technology to Reach the Poor with Microfinance. Four Wheel Drive - PowerPoint PPT Presentation

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Page 1: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

12010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

The Mobile RevolutionOne View of its Power in Microfinance

by Martha DeaconFounder and CEO

The Townships Project

Page 2: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

22010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

Four Wheel DriveMobile

2 October 2010

Page 3: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

32010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

The Unicycle

Microfinance

Limitations:1) 20% max voluntary;

80% necessity2) “whack-a-mole”

jealousy;3) Too many doing the

same thing4) Building assets &

infrastructure

Page 4: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

42010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

The Bicycle

Asset-BasedCommunity Development

Let’s use what we have to get what we want

Page 5: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

52010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

The Three-Wheeler

Third Wheel:

Corporate Social Investment/Enterprise Development

The ABCD’d community seeks additional resources…

Page 6: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

62010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

Four- WheelDrive

Fourth Wheel:

Microfranchising and other commercial solutions

Potential to systematize, replicate and brand a tiny business

Page 7: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

72010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

Mobile

• Market information• Banking services

• Money transfer• Repayments• Savings

• Inventory restocking • Accounting• Training• Mentoring

Page 8: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

82010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

• Foundation is ABCD –a motivated community

• Supported by Microfinance• & Corporate Social Investment• & Microfranchising and other commercial solutions• & Mobile Technology …

Four Wheel Drive Mobile!

Page 9: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

92010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

Help make it happen!

Four Wheel Drive Mobile!

Page 10: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

102010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

August 31 – September 2, 2011Khayelitsha and Cape Town, South Africa

(O.R. Tambo Recreation Centre & UCT Graduate School of Business)

First International Microfranchising

(and other commercial solutions)

Trade Show and Conference

Page 11: The Mobile Revolution: Using Technology to Reach the Poor with Microfinance

112010 Toronto Microfinance Conference

The Mobile Revolution: Using Technology toReach the Poor with Microfinance

Thank you!

www.thetownshipsproject.orgWorking in South Africa; headquartered in Toronto