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Cell Phone Mashup: Mobile Microfinances to Eradicate Poverty

The Idea:

What will change in the world because this Project happens?

Today Grameen Phone has more than 10 million subscribers, connects 100 million people through 250,000 phone ladies, who buy phones on microloans from the Grameen Bank and lease air time to villagers to make a living after paying off their loans.

The project will in particular employ an extremely economical open source technology for cellphones, " OpenMoko ", which support all Web2.0 services and an unique, cost-efficient and effective way to deliver, commercialize and financing these services.

What information will people interact with to make this change?

In lay terms, we want to be an open platform to make it easy to reach the lowest-income markets using cell phones as an input device and a sales channel for companies and organizations serving the bottom of the pyramid.

What else have you done in this Cause Area?

* Google Summer of Code Mentor for OpenMoko

* Lemelson Foundation Fellow (RAMP)

* This project is supported by Quantum Solutions, which is a Peruvian business incubator. It promotes entrepreneurship in rural communities by developing and providing solutions for starting and growing enterprises. Its products and services range from appropriate technologies and technical training to microfinancial services.

The Assessment

What kind of help or resources do you need to turn your project idea into a completed mashup?

We are looking for additional funding to complete and launch the project.

The Team

Host

Cisco

Sponsors

  • Microsoft
  • Yahoo
  • Business Objects
  • Raincity Studios
  • Mozilla Foundation
  • Ready Talk
  • .
  • Adobe
  • Linden Lab
  • Network For Good
  • Wild Apricot
  • Stanford Social Innovation Review
  • L'Atelier North America
  • The Panelist
  • Good
  • Fora.tv
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