Comoros Micro finance: 336 millions of profit margin June 20, 2009
Posted by iogateway in Business Opportunities.Tags: financial institution, Meck, micro credit, micro finance
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According the comorian micro finance institution – Meck , it has become to be profitable. 336 millions of comorian franc of margin in 2007. Definitely Meck has become one of the serious financial institution in the country.
- From 40 millions of CF to 5 billions of CF 10 days ago.
- More than 23 000 members
- 2007, 1964 personal loans around 1,916 millions of fc
- growth rate 29,41% since 2006.
e-Tontine: alternative credit solution for small amounts May 16, 2009
Posted by iogateway in Business Opportunities.Tags: alternative credit, digital tontine, e-tontine, micro credit, micro payment solution, tontine
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Wikipedia could be an excellent help page but Tontine is a micro investment system which money brough by members will divide at least in equal part. All participants have to give permanent money amount in a short period.
When we divide money one of the participants is designated for becoming the recipient for all funds. Each participant will get his turn. There are two kind of nomination:
- participants can nominate the next recipient by draw once and numbers are give to all participants.
- participants can nominate the next recipient at the end of the last cash payment.
When each participant has received his part Tontine is finished. There is no obligation to continue Tontine. From the first recipient Tontine is seen like credit and naturally the last recipient considers that is a saving. Tontine can be organized by any major person and often it is limited in the familial circle such as close friends, colleagues, pairs. As comorian society is based on matriarchal structure more than 90% of Tontine are leaded by women.
Regarding the purchasing power of participants, payments can start from small amounts to 200 euros. Tontine is seen like a small accessible credit based on trust between members. Generalizing Internet access can digitalize Tontine by establishing digital tontine or e-tontine. Participants can live abroad or in other islands. As you may know comoros archipelago are composed by four islands where live people from the same family.
Tontine supports matriarchal business activities wich represent a huge part of the local economy. The next killer application will be probably a site dedicated to tontine activities. All participants can be both stockholders or shareholders and the site will get commissions based on a little pourcentage of each transaction. By the way migrants and diaspora can send money to their countries.
Relaunching Micro & Mobile payment in Indian Ocean May 11, 2009
Posted by iogateway in Business Opportunities.Tags: 1ClickCharge, Clickshare, Common Markup for Web Micropayment Systems, CyBank, Cybercash, Cybercoin, Digicash, e-commerce indian ocean, e-micro payment, eCash Technologies, m payment, micro cash, micro credit, micro payment, Micro Payment Transfer Protocol (MPTP), micropayment wallets and servers, Millicent, mobile payment, NetBill, PayPal/X.com, PayWord and MicroMint, QPass, Trintech, Trivnet's
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There is one single thing which you learn in the first marketing course. Product or service needs to meet clients expectations. What about M-payment such as mobile payment and online micro payment? If you look carefully indian ocean people daily usage on Trade, you will see that regarding their purshasing power, they will prefer pay goods by using small amounts. Habits or economic realism?
Due to their lifestyle people use to for their daily or weekly purshasing. Consuming fresh goods is as obvious as paying by visa credit card when you shop online. Most of shops or groceries are funded by micro credit institutions. World bank and other UN organizations wiht local hand by hand support the development of microcredits. Market and consumers are receptive for the utility of this way to pay goods thanks to their daily habits. We have clients expectations, financial institutions and governments support the market: Product ! where are you?
Market size is as bigger as profitable because 80% of inhabitants would adopt micropayments. When you add up this information to the mobile penetration market, financial analysts could get their killer apps of the year. Indian Ocean and East african zone is a micro and mobile payment paradise. Probably the solution to launch profitable e-commerce business.
More micropayment articleshttp://www.transaction.net/payment/micro.html
