Thursday March 11 2010

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Islands Activation Program

Micro-no-more pooled-in the resources of SEEDFINANCE, SMART Communications and Partner-MFIs in launching the project: ISLANDS ACTIVATION PROGRAM. This program is designed for institutions located in remote areas where there is none if not very limited access to financial services. The solution includes provisioning SMART Money services and mobile-based applications for members of the institutions.

MFI partners in islands increase their business opportunity by becoming an accredited: 1) SMART Money Center for reloading and encashment center; 2) Airtime load distributor; and, 3) Remittance Agent. MFIs become a licensed remittance agent (registered with BSP) that can carry all other remittance products available (Western Union, Kwarta Padala, etc.). Members and micro-entrepreneurs now have access to mobile-enabled financial transactions right from their own place. More…

Areas identified for activation are Limasawa, Biliran, Guimaras and Dinagat islands. Full activation is expected before the end of the first semester of 2009.

Posted on April 16, 2009
Events, Investments, Micronomore | 2 Comments

Comments

2 Responses to “Islands Activation Program”

  1. wilma b. guinto on May 4th, 2009 7:20 am

    what challenges have you experienced with this activity? will the clients in the island really use/need this facility? how will the cash be actually transferred then to the participating MFI, then to the clients? are the island clients ready for mobile banking activity now? if so? how did you prepare them? how much will be the expected income here for the MFI?

  2. louis on February 12th, 2010 8:40 pm

    how come you are using western union and other padala etc..instead of using smartmoney thru smart padala?

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