afraca mobile & agency banking

8/17/2019 AFRACA Mobile & Agency Banking

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Mobile and Agency Banking – The Musoni Experience

5th May 2015


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About the speaker

James Onyutta has 15 years' multinational experience in

micro-finance. He joined Musoni Kenya Limited in October 2013 as the Chief Executive Officer.

Prior to his current role James was a finance proffessional in

FINCA for over 10 years with experience in Malawi, Tanzania

and Uganda. James was also a key part of a management

team that led the FINCA Tanzania team towards itstransformation into a deposit taking institution and the

launching of FINCA Africa region's first mobile money channel

of payments in Tanzania. James is a Chartered Accountant

and holds a Bachelors Degree in Business Administration and

management from Uganda Martyrs University.

James is a sports enthusiast and follows FC Bayern Munchen

very closely. He also is a former Amateur Volleyball player and

supports initiatives to improve the sport in Uganda.


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And a short video to tart!


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" #a$e Musoni %ro$ the &ord 'M '–

Mobile and '(soni) a &ahili &ord %or*uture+ hence Mobile *uture,

" *irst M*- to be 100. $obile

" All loan repay$ents anddisburse$ents carried out using M/EA

" ashless+ aperless and ata oriented

" 3perations launched in May 2010

" *our reputable hare holders

About Musoni


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3ur product o4erings

Agricultural loans

roup loans

-ndividual loans


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*oot print

Thikka

Naivasha

Nairobi

Kitengela

Kisii

Nakuru

15 Locations Country Wide

Narok

Machako

s

http://www.enchantedlearning.com/geography/africa/http://www.enchantedlearning.com/geography/africa/http://www.enchantedlearning.com/geography/africa/http://www.enchantedlearning.com/geography/africa/http://www.enchantedlearning.com/geography/africa/http://www.enchantedlearning.com/geography/africa/http://www.enchantedlearning.com/geography/africa/http://www.enchantedlearning.com/geography/africa/http://www.enchantedlearning.com/geography/africa/http://www.enchantedlearning.com/geography/africa/http://www.enchantedlearning.com/geography/africa/


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SAFA!C"M

Telco

M/esalat%or$

Products:

• Wallet and OTC• P2P• Airtime• Bill pay (utilities, satellite TV• e-commerce payments• Mercant payments (select retailers!• Cardless ATM "itdra"al• #i$e insurance (paid model!• Ban% account inte&ration

• 'nternational remittances (B'C, Western )nion!

• *und $ove$ent plat%or$• 6osts Accounts+

transactions• *unds held a $ultiple

banks

Agents 7 80+000

Bank 2

Bank 9

Bank :

Bank 5

Bank 8

Bank ;

Bank <

Bank =

Bank 10

!,

Musoni lat%or$ > Technology


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Musoni Business Modeligitali?ed lient@group registration > oan applications


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Musoni Business Modeligitali?ed lient@group registration > oan applications


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hy ashless

For Clients

" ecurity" *lexibility – Access" #$cient use o% ti&e –

Cesearch sho& that $aDority o%

our clients repay their loansduring non Bank operatinghours,

" ess ti$e in ueues" Fast' #$cient and #asy to

sign up or transact – peed

For Musoni" EFciency

" o&er Ad$inistration osts –#3 back oFce" Ceduced Error rates > ease o%

%raud reduction

" -$proved oan 3Fcercaseloads

"More ti$e %or clients


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hy aperless

"G 2: hour loan processing speed – Fast

"6igh ata Huality – eliable

"More data capture – (ata ich

"#o application and sign up costs –Chea)er

" -$proved savings / Financial disci)line

"roup $eetings $uch shorter – #$ciency

"roductive use o% group $eeting ti$e /#*ective

"Secure – lient conIr$ation o% data entryat every step,

"3Fcer+ supervisor+ $anager all able to$onitor processes realti$e – !&)rovedsu)ervision and oversight

Client+,rou)egistration

Loan

A))lication

CreditCo&&ittees

(isburse&ent


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hallenges

" Especially vulnerable to M/EAdo&nti$e – Musoni &ill diversi%yM#3 options,

" Although $uch cheaper thantraditional banking services+MEA rates re$ain high %or lo&> $ultiple transactions

19@01@11


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hat nextJ

" Beco$ing a MicroInance Bank

" e$i/urban and rural expansion

" (se o% Big ata/ -ntegration o%auto$ated credit scoring in all loandecisions

" ontinuous process i$prove$ents –igitalisation o% core processes


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Thank you

Musoni Kenya Li&ited

ape 3Fce ark K Cing Coad Lili$ani K ,3, Box25951 / 00100+ #airobi+ Lenya

http@@&&&,$usoni,co,keMy Contacts-

Na$es 3nyutta

Da$esonyuttaO$usoni,eu

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