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The annual ICT4D Conferences have proven to be an invaluable opportunity for NGOs, private sector organizations, universities, governmental agencies and foundations to share their experience in using ICT to increase the impact of development programs and to learn from each other.  In 2016, 750 individuals from 76 countries and 320 private sector and public sector and civil society explored the ways to harness the full power of digital solutions to achieve the United Nations’ Sustainable Development Goals.  Our thanks to Accenture, Catholic Relief Services, Esri, Hewlett Packard Enterprise, iMerit Technology Services, Inmarsat, IS Solutions, Making All Voices Count, Mercy Corps, Microsoft, NetHope, Oxfam, Pandexio, Qualcom Wireless Reach, RTI International, SimbaNet and World Vision for making that possible.

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Wednesday, May 18 • 11:50 - 12:50
Mobile Banking and Financial Inclusion at National Scale in Tanzania LIMITED

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Limited Capacity seats available

Tanzania is a country of 42 million with a per capita GDP of roughly $1.47 per person per day. Seventy-five percent of the population resides in rural areas; 80% are focused on agriculture. In Microfinance, the low average loan size and expansive geographical footprint with low population concentrations result in proportionately high administrative costs. In an effort to impact and provide financial services to more people (both savings and lending clients), in a financially sustainable manner, a microfinance institution (MFI) must reduce costs and streamline operations.

In 2014, Vision Fund Tanzania (VFT) launched a mobile payment platform that has streamlined operations and provides financial services in otherwise unbanked locations at a reduced cost both to the customer and VFT. This initiative has driven down administrative costs, allowing VFT to effectively target financially unreached groups in rural communities. It has also provided critical business information to the organization; therefore improving and increasing the impact of its efforts. In addition, VFT provides training to clients in the areas of financial literacy and business basics; this has increased the uptake of formal financial products by rural communities.

Overall, the customer experience has been greatly improved. This means no day-long travel to town in unscheduled buses and boda bodas. No more queuing in bank halls in any part of Tanzania, no more standing in long, slow queues and no more loss of daily earnings to VFT customers due to closed businesses. VFT has made financial transactions easy from anywhere in Tanzania at any time. It allows VFT customers in Tanzania to access the information in their accounts without having to leave the comfort of their business or homes, freeing up precious time that can be instead allocated to other economic or family activities.

Speakers
RR

Rose Ringeera

Role Regional Project Manager, Vision Fund International
Rose oversees multiple projects in the East Africa Region that cover five Microfinance Institutions. She is responsible for leading and delivering Information Technology software projects that enhance the efficiency and effectiveness of different functions within the VFI Partnership Operations in meeting customers' objectives. Successfully implemented infrastructure upgrades, core banking systems, payment channels including mobile banking. Rose... Read More →


Wednesday May 18, 2016 11:50 - 12:50
Jambo Conference Centre D

Attendees (11)