Software Group - Technology-Enabled Financial Inclusion Solutions

17TH MICROCREDIT SUMMIT
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GENERATION NEXT: INNOVATIONS IN MICROFINANCE
mit
Technology-Enabled Financial
Inclusion Solutions:
Presenter: Josephine Wainaina
Business Analyst

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Agenda
About Software Group
What Is e-Recording
e-Recording Background
e-Recording Benefits To Groups
e-Recording Progress To Date
A Look Inside e-Recording
e-Recording In Use
Initial Challenges
Next Steps
How To Access e-Recording

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About Software Group

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What is e-Recording?
e-Recording is an android
application used by savings
groups to manage their book
keeping
Designed to provide an
alternative to the manual ledgers
and passbooks
Runs on low cost smart phones in
offline mode with sync options to
a portal for backup and reporting
purposes

e-Recording Background
The Project was initiated by Financial Sector Deepening
Kenya (FSD) in 2012, with Care and CRS as pilot
implementation partners
Designed based on extensive knowledge of the VSL and
SILC methodologies, with specifics validated through
group visits and prototypes. Principles of simplicity and
ease of use built into the design
The project is seen as one step towards moving groups to
a digital financial service, eliminating both cash and
physical records
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What Are The Benefits To The Groups?
Maintains accurate and up to date financial
records
Eliminates manual calculations of loans and
loan repayments
Supports the share out process with auto
calculations of amounts due to each member
Provides real time reports for group members,
trainers and supervisors
Standardizes group administration and upholds
the rules of constitution throughout the group
transactions
Provides a secure backup of group records
through the online portal

E-recording Progress To Date
FSD Kenya- Initial pilot phase successfully closed with more
than 100 groups trained and using the application.
FSD Kenya- Phase 2 initiated with aim to scale up the usage
to at least 6000 groups by end of 2015
FSD Zambia- pilot project underway to rollout to 20 groups
World Relief- with AFR funding e-Recording app was
translated to Kinyarwanda for use in Rwanda
Gates Foundation- as part of the DFS platform e-Recording
will be adjusted to operate with a mobile wallet
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A look inside

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Menu Overview

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Group and Cycle Creation

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Member Registration
11

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Constitution Summary

Meeting Management – Attendance Register
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13

Meeting Management – Bank/Cash Register
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Meeting Management – Contributions & Fees
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Meeting Management – Loan Issue
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Meeting Management – Loan Payment
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Meeting Management – Group Income and Expense
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Meeting Management – Member Exit
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Meeting Management – Meeting Summary
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20

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Share Out
21

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in use

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Savings Group meeting about to start - Zambia

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e-Recording training session

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Happy to learn a new skill - Zambia

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The old and young not left behind - Kenya

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A group meeting in Kenya

Initial Challenges
Variations of the methodology under different FAs which
complicated the process of standard requirements for the
app
Lack of understanding of the methodology by some groups
and/or non standard practices which then conflicted with the
rules enforced by the app
Language barrier between the members and the trainers
Difficulties in using smart phones by group members
Concerns of group members over transparency of using the
app
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Next Steps
Development of an E-toolkit that will include training material
that will be beneficial to groups such as video demos of usage
of the application, training of VSLA and SILC methodologies etc
Rollout of Phase 2 of the application in Kenya, adding more
functionality including SMS, property management and
improved usability.
Ongoing pilots in Zambia and Rwanda
Integration with financial institutions or m-wallet so that
groups have options to store cash with a formal financial
institution
Care plans to use e-Recording data to build credit scoring
information for group members

5. Play with it!
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How to access the application
1. Register
a Gmail account
2. Access Google
Play store
4. Install the
application
7. e-Recording phase
II development
More features added to
the application
3. Search for
application named
e-Recording

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Watch it in action
https://www.youtube.com/watch?v=WeHyQc76pEo
Quotes from Care Cosalo Project Members (Kenya)
‘it makes our work much easier’
‘keeps our records clean’
‘ it helps us remember our rules and laws’
‘ in case of loss or damage or data we can easily
recover it from the internet’

Thank you for the attention
www.softwaregroup-bg.com
info@softwaregroup-bg.com
Asia
5F La Paz Center,
Salcedo Corner Rufino Streets,
Makati City 1229 Philippines
+ 63 2 556 2016
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Sub-Saharan Africa
Suite 14, The Green House
Ngong Road 28804-00100
Nairobi, Kenya
+ 254 717 639 392
SG Headquarters
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1784, Sofia, Bulgaria
+359 2 923 17 83
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Oyarifa Accra, Ghana
+233 302 975617
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Zapopan, Jalisco, 45180
+52 1 331 3317513
Australia & Pacific
Suite 4, 36 Agnes Street, Fortitude
Valley 4006, Queensland, Australia
+61 7 3172 3249

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