Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
2. Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
   Mobile Microfinance
Created Date: 11/18/2009 12:26:27 PM
Country: United Kingdom of Great Britain and Northern Ireland
Focus: Citizen Engagement
Status: In use
License: Proprietary
Product Type: Software - Mobile
Target Users: public administration institutions
Developer Name: Mi-Pay
Product Url:

Its now a well understood principle that providing micro-finance facilities to those poorest members of society is a tremendously powerful means of improving the lives of literally billions of people across the planet.


However, most of the current schemes are largely paper based (due to the problems providing computer technology locally) which limits their effective reach in the remotest areas and requires a degree of literacy that may difficult to meet locally. In addition the use of paper can additional problems in maintaining accurate records as it can be difficult to input written records into the computer systems running the micro-finance service.


These all unnecessary levels of cost and inefficiency that impact the overall effectiveness of tThe mobile phone is a key technology that can be easily deployed to remote locations (subject to network coverage). In addition to being used for voice and SMS texting, the average mobile phone is also capable of having a localised version of our SecureLink Java applet loaded to provide simple loan management and data capture facilities.


The applet communicates with a modified version of our pre-pay topup service that provides a complete loan management and risk analysis / fraud management service as well as a multi-level service portal that enables the local management team to monitor the whole loan system from end to end. The system can also provide comprehensive reports for the officers of the NGO or other body financing the whole system.he whole service.

 Tag This
 Tell A Friend digg this Slashdot
0 ratings
Views: 6105

Comments: 0 Bookmarked: 0 Tagged: 0

0 Comments | Login to add comment
Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2008-2010 by UNPAN - United Nations Public Administration Network