A crash course in changing the world.
Sustainability of a project is one
of the way to judge a project success. A huge majority of the
African population lack access to basic social amenities that to
others its a way of life. Diseases,conflicts and wars,military
coup,corrupt government officials and poverty are the order of the
day in Africa.B ut out of all this quagmire of pestilence and lack of
hope comes stories of hope and light to the world.
A large
number of the populace in Africa are un-banked they can't access any
financial institution to transact their commercial business the
reasons let that be an insight for another day. Kenya in particular
was at the front at innovation a new platform where money and people
will interact without the confines of the four walls of a bank. The
new innovation tool was M-pesa(mobile money transfer)
M-pesa
is a service powered by a leading telecommunication giant in
Kenya allowing you to transfer money using a mobile phone. Kenya is
the first country in the world to use this
service, which is
offered in partnership between Safaricom and
Vodafone. This
service is available to its subscribers and can be accessed even if
you do not have a bank account. With an un-banked 65% of the adult
population and a mobile penetration of over 80% of the total
population of Kenya this service was a revolutionary storm.I t
service has created jobs both directly and indirectly to over 250,000
people since its inception 3 years ago. This service supports a daily
average transaction of Kshs 40 Billion($ 540 million) it has totally
changed the concept of mainstream banking .Harvard Business School is
doing a case study on this service.
This social innovation in
conjunction with technology has empowered people economically for me
this service can be transformed to support other services;paying
utility bills in the comfort of your home,Supporting an orphans
education. The list is endless. This great idea was a brain child of
a college professor and He has sought to be anonymous today. To that
unknown inventor He is my hero
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