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kopo kopo

Financial Insights and Mobile Money – Kopo Kopo – Ep015

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This episode is part of a podcast series called “Entrepreneurs & Economic Development” talking to entrepreneurs using business and technology to solve problems at the Bottom of the Pyramid. Listen to the interview by clicking play above. 

iTunes      Stitcher

Subscribe with iTunes for iPhone or Stitcher for Android.

Today’s Guest

Ben Lyon is Co-Founder and VP Business Development at Kopo Kopo a platform that enables merchants to accept mobile money. Ben is considered an expert in mobile money and shares his opinions on the future of digital currency in emerging markets.

You will learn:

  • While studying informal economies in University and in Uganda Ben experienced the birth of air time transfers and mobile money
  • A brief history lesson on M-Pesa
  • Fun Fact: Kopo Kopo is an alteration of the Creole phrase Kobboh kobboh meaning money!
  • How Kopo Kopo helps merchants manage mobile finance with business tools
  • “The Trojan Horse”, electronic payments build the relationship with merchant which opens up doors for future services
  • Grow cash advance: a new product using financial data to provide loans to SME clients
  • Expansion:
    • 4 New markets this quarter
    • More products in the toolkit to help businesses grow
  • The plan, 5 years, 100 million dollar company, serving 1 million merchants

Summer Contest

a Rafflecopter giveaway

Great Quotes

[bctt tweet=”There are over 100 million active #mobilemoney users globally – @Kopokopoinc”]

[bctt tweet=”#MobileMoney is becoming the payment card of the global south – @Kopokopoinc”]

[bctt tweet=”There are more phones in #India than #toilets, talking innovation w @BMLyon “]

Mentioned :

Ben Lyon & Kopo Kopo Contact info:

Feel Free to Comment or Connect

If you have any recommendations for future interviews please place them in the comments section. 

A Physical Addressing System for Emerging Markets – OkHi – Ep014

Play

This episode is part of a podcast series called “Entrepreneurs & Economic Development” talking to entrepreneurs using business and technology to solve problems at the Bottom of the Pyramid. Listen to the interview by clicking play above. 

iTunes      Stitcher

Today’s Guest

Wes Chege is a Co-founder and Head of Product Management at OkHi, a Nairobi based location finding application. OkHi is building a platform that allows people to share their address with friends or delivery services incorporating a picture of their door or gate to overcome GPS inaccuracies on mobile devices.

You will learn:

  • Impact of the iHub and an overview of the Kenyan Start Up Scene
  • How high youth unemployment is leading to more talent entering the East African Entrepreneurship community
  • OkHi is solving 2 main problems:
    • GPS Accuracy of Consumer Devices
    • Knowing your destination when houses/offices aren’t numbered
  • The Business Model: Charging Delivery companies a fee per use
  • The challenge of developing mobile technology for individuals that have never used a smartphone or computer and how they worked with Motorbike deliverymen to refine their product

a Rafflecopter giveaway

Great Quotes

[bctt tweet=”When #investors come to #Kenya the first place they go is @ihub #podcast w @WesChege”]

[bctt tweet=”How a lost delivery driver lead @WesChege to ponder location services – #Podcast w @letsokhi”]

[bctt tweet=”#Podcast The most challenging part of @LetsOkHi making it work for my mom & low tech users”]

[bctt tweet=”How @LetsOkHi tested their product with Motorbike delivery men during development “]

Mentioned :

Contact Name or Company:

Feel Free to Comment or Connect

If you have any recommendations for future interviews please place them in the comments section. 
PendaHealth

Health Care Access in Kenya – Penda Health – Ep 013

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The image above shows the opening of a Penda Health Clinic.

This episode is part of a podcast series called “Entrepreneurs & Economic Development” talking to entrepreneurs using business and technology to solve problems at the Bottom of the Pyramid. Listen to the interview by clicking play above. 

iTunes      Stitcher

Subscribe with iTunes for iPhone or Stitcher for Android.

Today’s Guest

Stephanie Koczela is the co-founder of Penda Health, a Kenyan company providing high quality affordable health services around Nairobi.

You will learn:

  • How a paper on maternal health in Kenya sparked the interest of an American exchange student in Nairobi that blossomed years later into Penda Health
  • From Conversation to Clinic in 6 months : The birth of Penda Health
  • Piloting 101: Open good clinics, be nice to people, see if patients come
  • 3 Key Customer Service Factors:
    • a Smile
    • a Balloon (for Kids)
    • Greet all customers like you would your grandmother
  • Impact Investing, Patient Capital & Crowdfunding
  • Running a clinic starts with a landlord, replacing plumbing and electrical and ends with keeping your staff and customers happy
  • How to pick a clinic location
    • 1) Density
    • 2) Insurance Levels
    • 3) Ability to pay
    • 4) Great landlords!
  • Stephanie’s wish : A weigh scale that can stand up to difficult African conditions and high use
  • Stephanie’s Nairobi Gems:
    • Nairobi West – South C (Chicken Roasters – Outdoor Area)
    • Awash – Ethiopian Restaurant

Great Quotes

[bctt tweet=”2 Main factors in choosing to deliver in hospital in #kenya – Economics & User Experience @PendaHealth”]

[bctt tweet=”Average #Kenyan clinic sees 30 patients/day, we see 50-60 – @PendaHealth”]

[bctt tweet=”How a balloon and a #smile are helping change the face of Kenyan #medical clinics – @PendaHealth”]

[bctt tweet=”Greet the customer like you would your #grandmother- @PendaHealth #customercare”]

Mentioned :

Contact info for Stephanie and Penda Health:

Feel Free to Comment or Connect

If you have any recommendations for future interviews please place them in the comments section. 
inVenture

How data is changing financial inclusion – inVenture – Ep012

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The image above shows inVenture’s product in action in Kenya.

This episode is part of a podcast series called “Entrepreneurs & Economic Development” talking to entrepreneurs using business and technology to solve problems at the Bottom of the Pyramid. Listen to the interview by clicking play above. 

iTunes      Stitcher

Subscribe with iTunes for iPhone or Stitcher for Android.

Contest Details: Click here for information on how to enter to win a FREE electronic copy of Ken Bank’s Book. Active until May 6, 2015.

Today’s Guest

Ami Gosalia, Head of Growth at inVenture a financial inclusion company that uses data to create risk profiles among the world’s poorest.

You will learn:

  • How a background in international development and financial economics led Ami to inVenture
  • 3 Changes in Microfinance Risk Assessment in the last 5 years :
    • Smartphones
    • Mobile Money
    • Relationship/Online Data
  • The importance of immediate access to capital in Emerging Markets and how inVenture uses 10,000 data points to assess risk in under 3 minutes!
  • How data and mobile payments could benefit millions of Americans
  • Tips on working with start-ups and starting a career with a social venture
  • How education and marketing are intertwined in emerging markets
  • Ami’s favourite meal when visiting Kenya

Great Quotes

[bctt tweet=”Everyday I get to work on something that can change a #life – @amigosalia”]

[bctt tweet=”The missing #microfinance piece – low cost risk assessment – @inVenture”]

[bctt tweet=”Financial inclusion is not just capital, it’s also #education – @inVenture #SocInv”]

[bctt tweet=”2.5 to 4 Billion people are #un/underbanked – lacking #financial identities – @inVenture”]

[bctt tweet=”#Credit card penetration in #Kenya is 1% – @inVenture”]

Mentioned :

Contact Ami or inVenture:

Feel Free to Comment or Connect

If you have any questions for Ryan, Ami or recommendations for future interviews please place them in the comments section. 

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