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using mobile phone for spreading Renewable Energy Technology

Challenges Entered: 

Grameen Shakti (GS)    is one of the leading renewable energy organization which has installed benefiting more than 2 million rural people .    

Key to its success is an innovative financial mechanism base   on installments . GS is also using women to carry out its activities .  

 Under the proposed project ,     GS plans to use mobile phones to facilitate collections of   installments   from rural clients .          

 Many of GS   clients are either Grameen Bank borrowers or have accounts at GB branches        

 

Under the proposed project   the following would be accomplished :

 

  • Rural clients who are GB members   would be motivated to pay their installment   at   GB centers during group meetings .  
  • Rural clients who have accounts     with GB would inform the bank through mobile phones to transfer the installments to GS accounts .  
  • Others would be given a discount to open accounts with GB to make payments to   GS  

Installment   payment information   would transferred via mobile phones to   Grameen Shakti staff at their computers .   These information transfer would be done by   GB staff and periodically checked by   GS staffs

 

The success of the project who help to demonstrate the impact of   mobile phone   banking which is yet to be endorsed by the government .   It would also help to incorporate more   women more in GS activities as they would not have to visit   rural clients every month to collect installments    

 

Project Assessment
Financial support: 
No
Sustainability Model: 
The project will be sustainable because it will reduce cost and increase transactions . Intial funding will attract more funding and faciliate government interest and help in mobile phone banking .        
Identified Obstacles: 
None . GS has good relation with Grameen Bank and its rural clients . Grameen Solution another Grameen Company has signed an contract with an international company to implement mobile phone banking

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