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SMS Solution for market access-ICT for economic development

Challenges Entered: 

We   the   East   African   Fish   Auctions   Ltd, have     created   an     marketplace   for   trade in   fish   and   fish   products   that   is   accessible   to   all   participants   by   use   of   ICT  .It   enables   access   to   markets     and   price   making   mechanisms   by   way     of   online   auctions     which   will   be   aided   especially   by     use   of     financial   services, certification   and   trading   on   the   auction.  We   have   to  developed     a   trading     place     for   fish     and   fish   products ,   in   online   auction   format,     with   sms   system   forming     the   basic   entry   point. On millennium   goals it   will   help   out   in     alleviate   poverty   and   hunger.  Direct beneficiaries   are Fishing   cooperatives, Fish   traders, Fishermen, Fish     processors   and   the   consuming   public, both   local   and   international.

Project Details
Project Assessment
Financial support: 
No
Sustainability Model: 
We   will   get   sustainable   revenues   through   trades   taking   place. Once   people see   its   beneficial they   will   join   in. We   can   also   trade   on their   behalf, so   the   fees we get   pay   for   our   operations.There   is   movement     of   trades   towards   the   auction. The   revenues   earned   enable   us   to   consistently   move   towards   covering   our   operational   costs.Also the   financial   services   incubation   will   enable   us   have   an   additional   line   of revenue. The   number   of   locations   able   to   access   transaction   system   increases, thus   more   fees.The   e-cert   system   can   also   earn   revenue   through   use   of subscription   model   of   usage. More   fishermen   cooperatives   and   traders   access   hand   held   devices   and   able   to   send   product   data
Expertise needed: 
Management Expertise: To enable   capacity   of   the   organization to   meeting   its   growing   challenges.
Policy/Program Expertise: To   enable   the   organization   to adapt   to   government   and   other   stakeholders   policy   changes.
Technical Expertise: To   enable   its   product knowledge   and   ICT   skills   to   be   enhanced   and   adopting   to   changes   in   the   market   environment.
Project goals: 
We   have   the   online   and   physical   auction   working   in tandem   and   more   participants   sign in. Capacity   building   efforts     made   have   enabled   enhancement     of   understanding     of   the   system.More   trades   are   to   be channeled   to   the   auction   system.  A   transaction   system   is  being   designed   to   take   advantage   of   new   money   transfer   services   using   mobile   phones for provision of financial   services   to   auction   participants.The   e-cert   system is   being     designed   to   enable   product   traceability   and   enable     participants   in   easing   up   documentation   procedures.
Identified Obstacles: 
Funding has   been a   constraint   to   development   of   the   objectives,as   the financial   outcomes   are   not   near term   on   this   project.Technical   and   managerial   expertise   was   not   that   properly   thought out   in   the beginning.Partnerships   for   development were   not   that   forthcoming   when   needed. 

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