digitizing microfinance
TRANSCRIPT
Digitizing microfinance
About awamo
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Frankfurt & Kampala (Uganda)
10+ years of Africa experience
Microfinance & credit rating experts
Our goal:Creating opportunities through access to finance
ANJARWALLA & KHANNAAfrican Law Firm of the Year 2013
Sponsored by:
Prejudices and misconceptions …
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… result in overseeing Africa’s potential
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Typical associations with Africa
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lack of skilled labor
diseases
poverty
corruption
warfareterrorism
pirates
But there is more to it
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promising demographics
leapfrogging technology
improving infrastructure
political stabilization
high GDP
Access to finance in sub-Saharan Africa
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80% 15% 5%
Population coveragebanks & credit bureaus
Regulated vs. unregulated financial institutions
Large portion of the populationexcluded from formal financial services
Microfinance today
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> 60%costs & risk
?
Microfinance tomorrow
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Credit Reports
Fron
t-End
Back-En
d
MIS/CRM system
Credit Data
2
3
Mobile Office (app)
1
Microfinance tomorrow
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Mifos-X will provide the transactional core
Open Source platform for microfinance• Available on GitHub• Licensed under the Mozilla Public License
Active developer community• Highly customizable• Stateless UI and REST-based API
Key features• Individual loans, group loans• Savings accounts• Basic CRM/KYC functionality• Reporting functionality
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Technical overview: the platform
Enabling
BiometricIdentities
ScoringEngine
Accounts Reports
Process Engine Integration
MobilePayment
ExternalData Source
MobileOffice (App)
Web(MIS, CRM)
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Open Source Technologies will make this project possible
Build on top of: … and we will add:
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The agile startup, ready to roll:Remember – TIA (This is Africa)Business processes• Are defined and aligned with local needs• Chief Product Officer with broad banking
experience
Software development• Agile approach, SCRUM-based• Adopt to new/changing customer
requirements• Balance perfection and pragmatism
Operations and deployment• Continuous delivery• Asset-free hosting (cloud technology)
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Award winning team looking to expand
awamo.com/careersSponsored by:
Contact us
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www.awamo.com
+49 162 2420 [email protected]
Philipp NeubChief Operating Officer
Co-Founder
+49 172 88 77 [email protected] philippneub
Dr. Sven NiednerSenior ICT Consultant
Webmontag Frankfurt