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Nomination for mobile banking project for Ugandan farmers
Trias Uganda has developed a platform for mobile banking so that more farmers can borrow and save. The project has been nominated for an award from the Royal Museum for Central Africa.
Trias Uganda has developed a platform for mobile banking so that more farmers can borrow and save. The project has been nominated for a prestigious award from the Royal Museum for Central Africa (also known as the AfricaMuseum). In western Uganda, Trias has already been working for a number of years with Madfa, a farming organisation that delivers services to 8,500 farmer families. Madfa has its own SACCO, which is a savings and credit society that develops customised financial products for families – both members and non-members.
Until last year, approximately 14,000 families used the service, but those who lived far from a Madfa office were de facto excluded. 'For these farmers we started working on an alternative solution last year', says Trias employee Januario Ntungwa.
Now, farmers can call a phone number and select the service they need. This means that they can get microloans and save money via their mobile phone, without having to invest the time and money in travelling to a Madfa office.
'To use mobile banking, the customers only need to visit an office once. After that they can do everything remotely via the platform that Trias Uganda developed with Madfa', explains Januario Ntungwa.
The project is one of the nominees for the prestigious Prize D4D from the AfricaMuseum, in the iChoose category. It is a public prize for digital innovations in development work. You can vote for this project on the D4D website.