Last month I went Cote D’Ivoire to visit WPF long-time microfinance partner PAMF, who administers group microloans to rural entrepreneurs and farmers. This visit allowed me to observe the initial roll-out of a new mobile phone-based platform that WPF provided grant funding to help build. The platform will allow anyone …
Mobile Money Meets Traditional Microfinance in Kenya
At a microfinance group meeting, you might see a lot of paper: piles of cash, thick record books to record attendance and meeting minutes; repayment schedules; group loan balance reports; passbooks. At the branch office, too, more paper: stacks and binders and file cabinets full of applications and loan contracts. …
Cash Shortages Create Problems in Zimbabwe
A few months ago, I visited WPF partner Thrive Zimbabwe with Daniel Zoltani, Whole Planet Foundation’s Global Director of Programs. We met many micro-entrepreneurs who had taken loans from Thrive for their small businesses. Some grew mushrooms to sell in the market and to stores. Others traveled to South Africa …