Microfinance Mobile

frontline mobile money paymentBen Lyon the founder of Frontline SMS Credit (http://credit.frontlinesms.com) speaks about how his company allows microfinance institutions to send and receive secure loan payments, track loans and develop a micro-insurance model using the ubiquitous mobile phone. About Frontline SMS Credit FrontlineSMS Credit aims to make every formal financial service available to the entrepreneurial poor in [...]
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Microfinance on mobile:
mChek says it has the key .Unlike in earlier other trials, mChek aims to empower the borrower rather than the loan collector, so she can maintain a bank balance and make other mobile transactions such as utility bill payments as well
E. Shantha, 32, earns just Rs1,500 a month cooking in an eatery [...]

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  4. Microfinance World – News Digest – 3/11/09
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