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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. 

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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

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Great Quotes

There are over 100 million active #mobilemoney users globally - @Kopokopoinc Click To Tweet #MobileMoney is becoming the payment card of the global south - @Kopokopoinc Click To Tweet There are more phones in #India than #toilets, talking innovation w @BMLyon Click To Tweet

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Ben Lyon & Kopo Kopo Contact info:

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

A Physical Addressing System for Emerging Markets – OkHi – Ep014

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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

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

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Great Quotes

When #investors come to #Kenya the first place they go is @ihub #podcast w @WesChege Click To Tweet How a lost delivery driver lead @WesChege to ponder location services - #Podcast w @letsokhi Click To Tweet #Podcast The most challenging part of @LetsOkHi making it work for my mom & low tech users Click To Tweet How @LetsOkHi tested their product with Motorbike delivery men during development Click To Tweet

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Contact Name or Company:

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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

2 Main factors in choosing to deliver in hospital in #kenya - Economics & User Experience… Click To Tweet Average #Kenyan clinic sees 30 patients/day, we see 50-60 - @PendaHealth Click To Tweet How a balloon and a #smile are helping change the face of Kenyan #medical clinics - @PendaHealth Click To Tweet Greet the customer like you would your #grandmother- @PendaHealth #customercare Click To Tweet

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. 

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