OpenIDEO is an open innovation platform. Join our global community to solve big challenges for social good. Sign Up / Login or Learn more

Profile

Recent contributions

(1)

Contribution list

Teams

(2) View all

Recent comments

(3) View all

Hi @Isaac Jumba, I'll travelling in Australia at present, you can contact me via chau@goodbanc.io as registered via ideo, we can then work out a good time-zone to mutually speak. Regards, Chau

Maari Ross the platform offers access to a digital savings account to earn interest, and a peer-to-peer finance platform to help deliver finance (pooled money, matching people would want to lend out money and people who need to borrow money against deposits), and payments (ie Seller create invoice for goods, buyer scan QR on the APP, and money is transferred to conclude purchase/payment). In regards to the idea for bridgebuilder, we need to adjust the model slightly to allow for refugee/IDP specific challenges (ID verified via the social network, thus need to work with existing co-operatives, social lending circles). We are not a micro-finance lender. We can support community agents to deliver microfinance (via a pooled fund), offer savings platform and payment platform (all in one) for entrepreneurs. The co-operative/your program managers will undertake their normal activities. The platform offers an additional digital source of funding/and digital services (savings, loans, payments). so the potential is to partner with you & the co-operatives to give them access to savings/lending/payments using our platform.

Hi Ahmed El Ibrahim I'm not sure who your expert is, but I consider creating a fintech solution for microfinance in Syria will be challenging. Since 2003, UNRWA offer microfinance loans and FMFI-S (was AKDN) offer loans & deposit taking, but their own experience show that the domestic situation is still making microfinance work in Syria increasingly difficult and precarious. They experienced losses due to instability & looting in some areas. So the focus is on humanitarian response, with local organisations to facilitate aid distribution projects such as cash assistance through savings accounts. Crowdfunding may work in host countries to fund a specific project, but it needs scale otherwise it will be eroded by costs associated with the campaign. ie https://fundraising.co.uk/2017/07/14/crowdfunding-platform-launches-support-syria/ but i would imagine direct crowdfunding to micro-project will require alot marketing to attract supporters.