Archive for: Projects

Our very own Kabir Kumar made his public radio debut today to talk about the mobile banking work we’re doing:

All Things Considered, June 30, 2007 - In developing nations, many people still do not have bank accounts but they do have cell phones.

Now, a group with the World Bank is trying to develop a way to allow poor people to use their cell phones to save and transfer money.

Kabir Kumar of the Consultative Group to Assist the Poor talks to Debbie Elliott about the project.

NPR

The technology program of the Consultative Group to Assist the Poor (CGAP), co-funded by the Bill and Melinda Gates Foundation, will support Credibanco in a unique project that aims to increase the reach of financial services to poor people. The key aspect of the project is the use of banking “agents” – enabling retailers outside of traditional bank branches to extend financial services. Credibanco will receive technical assistance and funding to offset risks, as well as capture lessons learned for the benefit of increasing access to finance.

press release