BRAC net, world youth community and Open Learning Campus

Sir Fazle Abed -top 70 alumni networks & 5 scots curious about hi-trust hi-tech

part 5 - inviting mobilisation of a world of solutions

Rural gets On-grid (mobile, solar power) BRAC helps celebrate extremely useful innovations

Joi ITo at MIT media lab says - what's exciting now is moores law doesnt just apply to doubling of chip power every year but can apply to dobling of vital goals designed round mobile apps

below we'll look at some of the sectors where brac is mobilising change- and welcomes youth with winning idea

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cashless banking

www.bkash.com

notes from The Economist 17 Jan 2013:

In Bangladesh bKash has garnered a following of 2.2m users. It has more than 30,000 retail agents, almost one in every two villages, allowing most rural Bangladeshis to use digital cash (see picture). In India BEAM has signed up 14m customers and does 1m transactions every month.

In both cases the success is in large part the result of what Anand Shrivastav, BEAM’s founder and chief executive, calls “the agnostic option”: bKash and BEAM offer mobile wallets that work on any wireless network.

Another reason for the growing adoption of mobile money, at least in the case of bKash, is the fact that it is not a single firm, but has a broad network of partners. It is linked to BRAC, a big Bangladeshi NGO, which in turn works with a vast network of mostly mom-and-pop grocery shops, which serve as retail agents for bKash. “They are like an ATM, but a more reliable one in a country where electricity can drop in and out,” says Kamal Quadir, chief executive of bKash.

 

About Innovation Fund Challenge

Photo by Nimai Chandra Ghosh, 2012 CGAP Photo Contest

Project background

In Bangladesh, approximately half of the adult population is unbanked. In less than four years, a mobile banking industry has emerged to meet these individuals’ needs, and has already reached over 25 million users bKash, the leading mobile money provider, conducts an average of 2 million transactions per day, and a total of nearly $1 billion US.... BRAC sees a tremendous opportunity to use mobile money to innovate, better serve clients and become more efficient. With the support of the Bill & Melinda Gates Foundation, BRAC’s social innovation lab established the BRAC Innovation Fund for Mobile Money. In the context of Bangladesh, the rapid adoption of mobile money creates exciting opportunities for new approaches in poverty reduction. As an organisation, BRAC hopes to improve operational efficiency, decrease costs, and make services more accessible to clients. Through a portfolio of diverse pilots, BRAC is experimenting with mobile money. The project began in September 2013 and will continue unil August 2016. Through this initiative, BRAC hopes to accomplish the following objectives:

  • Increase the adoption of digital financial services at BRAC, particularly in service delivery
  • Increase the adoption of digital financial services by BRAC’s clients
  • Contribute to the global discourse on digital financial services

BRAC Innovation Fund Challenge

Last year, we asked people to share ideas about mobile money, and we received 100 ideas, resulting in in 7 exciting projects . This year, we are asking for your ideas again—briefly share your idea of how mobile money can be used to deliver better, more efficient services to BRAC clients in Bangladesh. A few moments of your time can potentially make a big impact!

Challenge timeline

Support from the social innovation lab

The social innovation lab is here to help you. We have conducted extensive research on mobile money adoption within Bangladesh and around the world. Please feel free to contact us with any questions.

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KERRY GLASGOWIS HUMANITY'S LAST BEST CHANCE - Join search for Sustainaabilty's Curricula

2021 afore ye go to glasgow cop26-

please map how and why - more than 3 in 4 scots earn their livelihoods worldwide not in our homeland- that requires hi-trust as well as hi-tech to try to love all cultures and nature's diversity- until mcdonalds you could use MAC OR MC TO identify our community engaging networks THAT SCALED ROUND STARTING UP THE AGE OF HUMANS AND MACHINES OF GKASGOW UNI 1760 1 2 3 - and the microfranchises they aimed to sustain  locally around each next child born - these days scots hall of fame started in 1760s around   adam smith and james watt and 195 years later glasgow engineering BA fazle abed - we hope biden unites his irish community building though cop26 -ditto we hope kamalA values gandhi- public service - but understand if he or she is too busy iN DC 2021 with covid or finding which democrats or republicans or american people speak bottom-up sustainable goals teachers and enrrepreneurs -zoom with chris.macrae@yahoo.co.uk if you are curious - fanily foundation of the economist's norman macrae- explorer of whether 100 times more tehc every decade since 1945 would end poverty or prove orwell's-big brother trumps -fears correct 2025report.com est1984 or the economist's entreprenerialrevolutionstarted up 1976 with italy/franciscan romano prodi

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