Grameen

Questions:

Please describe your idea in further detail. What is the customer need it addresses? What is the benefit it will deliver to the poor?

Individuals who want lend or borrow money from each other (peer to peer) can use their phone to find those nearby who are willing to lend/ borrow money and quickly negotiate a loan.

Though at this stage we are more focused on finding ideas that are novel and appropriate for the end-consumer, any idea we test will need to be sustainable. How would this idea appeal to our commercial partners?

Mobile Money providers make money on movements of money between lenders and borrowers Banks can depend on credit histories created to offer loans - especially to low income people.