Posted by: Ingrid Vanderveldt | February 19, 2009

Mobile Phone Banking Empowering the Poor

From my friend and colleague Michael Bociurkiw from UNICEF.  He sent this in from RUETERS…fascinating read…Michael- be well in Kiev…we are thinking about you!

How mobile phone banking is empowering the poor

13 Feb 2009 15:11:00 GMT
Written by: Natasha Elkington

Six years ago on a whim, I was lucky enough to buy a farm with two friends in my native Kenya. The farm borders the Shimba Hills National Reserve, high above the coastal plain. It’s an enchanting other world, but also very remote.

As I live in Britain at the moment we’ve hired a caretaker, Samuel, to protect the land from squatters and wild game that occasionally breaks through the fence looking for food.

The problem is how to pay Samuel when the nearest bank is 50 km (30 miles) away in Mombasa. The answer – as improbable as it sounds – is by mobile phone. Full Article….


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