Download - 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