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How Mobile Phones, Money & Banking Will Help Reduce Poverty

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Re-imagining Financial Inclusion Through Mobile

How Mobile Phones, Money & Banking Will Help Reduce Poverty

Professor Michael Barrett of University of Cambridge Judge Business School, and Academic Director, Cambridge Digital Innovation, speaks to finextra in the video blow about the importance of mobile payments for developing countries, such as M-Pesa in Kenya, and how financial inclusion can also benefit developed markets such as the UK even if the customer need is less clear than in the developing world. You can Paste this url into your browser https://www.finextra.com/videoarticle/1151/reimagining-financial-inclusion-through-mobile

on Friday, 26 February 2016. Posted in FineTech, Microfinance, Sharing to Reduce Poverty, Sustainability, Transition and Participation sharing to reduce poverty sustainability transition and participation

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Comments (2)

Alankrita

23 May 2016 at 05:36 | #

Teacher Michael Barrett of University of Cambridge Judge Business School, and Academic Director, Cambridge Digital Innovation, addresses finextra in the video blow about the significance of versatile installments for creating nations, for example, M-Pesa in Kenya, and how money related consideration can likewise advantage created markets, for example, the UK regardless of the possibility that the client need is less clear than in the creating scene.

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Clive Munn FEM

24 May 2016 at 15:04 | #

Perhaps you would like to join our site? We look forward to discussing further with you.

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5 Best Strategies To Increase The Growth And Profitability Of Your Business

Success depends on growth and development, and as long as we fight for success, most of us entrepreneurs have a very small increase in their business. With the right strategy and plan development, you can increase profitability and business growth. Here are five tips that will help you weigh and customize your business.

1. Products And Services Of Your Main Competitors:

Identify your unique selling proposition and use it in full force. Your USP is what differentiates your product or service from the products and services of your main competitors. Do you lower the price? Do you offer a quality product? What do you suggest this, which is not in your direct competitors? Once you determine your USP, use it for their own purposes. Make it a focal center of your marketing goals and make sure that your target customers are aware that what makes your product or service better.

2. Loyalty Program For Regular Customer:

Increase revenue from the existing customer base. Most businesses and companies focused solely on attracting new customers and forget about their existing customer base, which they can use and which may bring them income. Creating an effective loyalty program for regular customers, develop a program to bring to the interaction of existing customers, or launch an affiliate program will help you to properly use your customer base to generate additional income.

Innovation and empowering customers to increase sales and profit growth, while focusing on improving the efficiency and cost control allow you to put the record income.

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3. About Expanding The Business:

Work through all the mistakes and shortcomings, before you start thinking about expanding the business. We have business there is always a vision of a "complete picture" of our business, we are trying to implement. It is very important in this case is not "run ahead of the engine," especially when it comes to expansion. Discovering new places locations and entry into a new market sounds great and has the potential to be equated with a huge growth, but if you do it too early, as a result of this can lead to total collapse.

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Make sure that your business is no "holes" in the form of errors and shortcomings that should be improved, before thinking about expanding. Create a successful company and then duplicating it in other markets or locations much easier than to force the expansion of the company with numerous shortcomings that could cost you your success. Remember, even the smallest hole can sink a great ship.

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4. Do not be afraid to "get dirty":

Do not be afraid to "get dirty". Have you ever noticed this "fashion" among companies of failed? The owner is usually "goes missing" and no effort. Most entrepreneurs think that, with the inscription of the owner, founder or CEO on business cards automatically means that they can relax, throw your feet on the table and give instructions and orders.

But remember, there is no one in your company who knows your product or service better than you. In order for your business to grow and develop, you should always guide your team in the right direction. Help them and not be afraid "to get dirty"regular job. Show them how to do things right, and you will not only earn the respect and get more productive and well-motivated team.

5. Investment In Your Business:

Invest back into your business. The growth involves capital, so violently rising wages and wasteful expenditures of the company are to be suspended and reinvested back into the business. Companies will always need funding and spend it completely, because they support the big payouts and unnecessary costs, then again attempts to provide more funding to pull itself out of the hole they dug themselves. Be modest in relation to the company's money and reinvest every dollar in its growth and development.
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Having retired from the world of banking & IT consultancy, Clive MUNN (Acib) has now conceived MUNNFTSE International Investment Holdings (Luxembourg) Sarl — currently under formation — which goes many steps further than the previous concept of MFTSE Affairs S.A., back in 2016 which also had the aim of promoting socio economics, including via the FEM (Finance Eco Money) website now resurrected at https://munnftse.eu/. Whether before its time or not, Luxembourg was not quite ready then for such a socio-economic approach to business and finance. So now we have: My Ultimate Nature Nurturing Finance To Socio Economic life and affairs.

Clive talked with Chronicle.lu and explained:

"We know it has been hard to imagine, until today, with so many new cases & strains still surging around the world, but we also know there will be a time, soon, when, aided by vaccination, the COVID-19 pandemic will be behind us.

Just close your eyes for 5 minutes says Clive; join the “World of Learning”, Imagine What Could Be and “Never Stop Inspiring”. It is safe to assume that society will now be changed forever, given how disruptive the virus has been to virtually every part of our lives around the world. Of course, we still have a long way to go before life truly gets back to “Normal”, whatever that is.

However, all MUNNFTSE planning and management is based around an ethos that is first and for mostly emphasising the importance of sound investment for all which, we believe, must always be Diversified; Eco-Logical; Sustainable; Tax Optimal; Income Generating; New &, most importantly, Sharing & caring — our "DESTINS" (Destinies) in fact. Of course, this must be regularly reviewed, lived and massaged, at the same time as being controlled by our internal and where appropriate, out sourced, Audit, Communications, Insurance, Policy & Procedures, Compliance, KYC and Legal teams.”

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& Well Being and, in particular, remote Co-Working, will become a more and more essential and inevitable part of our lives" he added.

Already MUNNFTSE have created a “World of Action” with a number of projects underway, mainly based on Co-Working, Living, Gardening, Leisure & Car Sharing concepts as well as property management. “Life is Work” and “Work is Life” as we say. In fact, the MUNNFTSE & FEM Group of Companies already have some 12 projects underway managed by 12 Ecological & Social Transition based Consultants. The first is indeed a Cooperative integrated community with Co-living, Working, Studying, Gardening, Leisure, Car Pooling and Sharing project in Leudelange. Plans include potential projects on Place de Paris, in Esch-sur-Alzette and two projects in Samoëns in France. It is also planned that the Head Office will be either in the Rue des Bains or Station areas of the International City of Luxembourg. We intend, at this stage, to seek help from the “Ville” and/or government sources and may even try to create a new House of Co-operatives. The operational part of the business/group is housed in MUNNFTSE Life (Luxembourg) Scop, a coopertive company which takes a form well know and established across Europe.

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Sales are like great employees: every business can use more of them.

Unfortunately, though, I'm a pretty poor salesman. (Okay, really poor.) That's why, when I write about sales strategies and techniques, I turn to experts for information and input.

Like Mike Derezin, Vice President of LinkedIn Sales Solutions. Recently we talked about Social Selling, the process of building stronger relationships with potential customers based on truly understanding their needs and problems -- in short, better knowing the people you hope to do business with.

Every salesperson dreams about living in a world without cold calls and enjoying a network built solely on referrals.

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Source: http://www.inc.com/jeff-haden/5-ways-to-dramatically-increase-leads-and-referrals-through-social-selling.html

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"Need for Seed" Initiative, Luxembourg

On Thursday 10 March 2016 Citim (Centre for Information on the Third world,55 avenue de la Liberté, L-1931 Luxembourg) launched "Need for Seed" a project to Examine Food Sovereignty, Food Security and cultivated biodiversity.
The event facilitated a free, public, exchange of information on world-wide seed issues, primarily concerning the dangers of genetically modified food and was introduced by Jean Feyder, Ancien Ambassador for Luxembourg at WTO (World Trade Organisation), Geneva and member of the ASTM Board of Directors and author of "La Faim Tue" (Hunger Kills). ASTM stands for Action Solidaire Tiers Monde (Third World Action Solidarity).
Frank Adams, founding member of the Luxembourg SEED network and an expert on cultivated biodiversity & food quality showed slides and lead a group discussion, with several other practisioners from the cultivated biodiversity space, in Luxembourg: Steve Schwartz of Kraizschouschteschgaart and Klouschtergaart, Georges Moes of Natur & ëmwelt, as well as Estrella Catarata, director of the Philippine Network of Food Security Programmes (PNFSP). Madam Catarata is one of ASTM's partners from the Philippines and she informed the group of the current situation regarding small Filipino farmers and their efforts to save seed sovereignty in their country.
The group emphasised the importance of simple and traditional seeds as the basis for the constant struggle on food sovereignty from the north to the south of our planet. Today the standardisation of seeds especially from genetically modified plants endangers our heritage and the precious biodiversity of our food and livelihood.
With the "Need for Seed" project, CITIM, in collaboration with three local players, Network SEED Luxembourg, the private initiative Kraizschouschteschgaart, and Natur & ëmwelt, want to encourage and help us to bring the greatest possible biodiversity to our own gardens and also to help consumers and growers alike to reclaim their self-sufficiency in food production.
MFTSE Affairs S.A., aims to support this new venture and share opinions on FEM.lu
Changing finance - working towards a more eco global environment

The Inaccessible Pinacle on the Isle of Skye. Abseiling off the summit having climbed the other side, October 2014. Probably one of the hardest Munro's (all mountains over 3,000 ft in Scotland). Nothing compared to the challenges before the finance industry, helping to change the approach to poverty and the environment.
Funding Social Enterprise

Social entrepreneurship is becoming increasingly important all over the world. The main difference between what we generally call an enterprise and a social enterprise is in that the majority of companies measure their success through earned and retained profits, whereas social enterprises measure their success in the quantity of people they have helped and the extent, to which they made this world a better place to live in for all the members of society. Social enterprises usually apply their profits either to their own growth and promotion, or to the promotion and the development of the entire community.

                Some contributions social entrepreneurship makes to society are increasing the solidarity and cohesion, encouraging cooperation between people and volunteering, inspiring people to innovatively solve problems that society faces, etc. Even more importantly, it provides an increasing amount of people with employment, many social enterprises produce food and help people who are hungry, get something on their plates, but it also boosts the economy from the socioeconomic as well as traditional economic perspectives. Social entrepreneurs operate in the fields of family safety, animal protection, environmental sustainability, promotion of health and physical activity, fair trade, social inclusion, sustainable energy sources, etc. Thus, social entrepreneurship seems to substantially contribute to the positive changes we increasingly see in this world, and since making a social enterprise flourish is very difficult, especially with the difficulty of gaining funding, we should invest some effort into nourishing it and helping the budding social entrepreneurs thrive even more. As a member of the social entrepreneurship community, we will hopefully help our colleagues through creation of this article, which is going to contain some information on how to finance a socially focused business.

                In general, there are many options for funding a social enterprise. Some of the initiatives through which many countries are trying to promote it, are granting loans at favourable rates, grants, subventions and funds, which are specifically focused on this type of business. In addition, social enterprises are also receiving a lot of attention from the European Union, which designed a strategy for promoting social entrepreneurship all the way to the year 2020. One of the reasons it has done so is probably the fact that nearly 20% of Europeans are already walking the path of social exclusion and poverty, which is a very frightening statistic for a part of the world, which is supposed to be among the better developed ones. A few initiatives that the EU has taken on in providing financing options to social enterprises are through the European Social Fund, which is supposed to promote employment and social cohesion in the member states of the European Union, the European Agricultural Fund, which aims to support European farming community and the European microfinance initiative. Besides these institutionalized funding options, there are also quite a few private financing strategies. These include social bank, which is an umbrella term for ethical and alternative banks, the private investors, for example, companies which are already operating in the social entrepreneurship sphere or who wish to expand their operations to incorporate more socially sustainable projects and through philanthropic funding, for example, if you have a really remarkable idea, you could contact people such as Warren Buffer & Bill Gates, who would certainly be excited to help. One of such initiatives supported by Bill Gates and Microsoft, is Salman Khans’ YouTube mathematics lessons, which later developed into Khan Academy. Gates initial investment into the project was $1.5 million, however, he later poured in at least another $7.5 million. This means that if your idea is really good and you can persuade a famous philanthropist to support it, it could enable your help to reach millions of people. For an inspiration, make a note of Khan Academy, which today educates over 10 million people a month.

                Another path of obtaining financing for a social enterprise which should not be forgotten and actually resembles what Gates did with Khan academy, though we have observed that many social enterprises wish to avoid it, is getting funding through donations. Even though we realize that most social enterprises wish to contribute to the society with their hard earned money, we feel that sometimes slightly too much attention is put on that, as what is supposed to matter is helping people, not where you obtained the means to do it. A few simple ways of collecting donations can be through posting a “donate” link button to your webpage, promoting your cause and willingness to accept donations through social media, or through directly contacting companies who you feel care about society, to perhaps help you with your start. If you are sincere, persistent and honest in your efforts, we are certain that success will come your way. You could also try to gain funding through sponsorships or memberships.

                Hopefully, we have provided you with some valuable insight into obtaining funding to help change the world yourself, through your own social enterprise. If you feel there is something we forgot to mention, don’t hesitate to tell us about it within the comments section bellow and if you wish us to write another article on this topic, let us know about that as well, or any other topic you want us to touch upon of course. Enjoy your day and don’t forget to read our other articles as well. If you are into social entrepreneurship, you could perhaps start with the article on social franchising.

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