Our team competed in the Hult Prize London regional finals with business model that used mobile banking to close the last mile of the generic medicine distribution chain in urban slums.
23. Reach is a turnkey IT solution that overcomes the last
mile of the generic medication supply chain. By
enabling direct distribution on a subscription basis, we
make medication readily available and top-of-mind. By
partnering with existing community networks for
group saving, we lower the threshold of income
volatility. By using mobile transactions, we ensure safe
transactions at a pre-decided price. Gathering data
from digitalized prescriptions also empowers clinics to
collectively bargain for medication prices. Since the
solution bridges gaps between existing initiatives, it is a
resource-efficient and doable way to make essential
generic medication available to millions.