My talk on web2 and micro finance

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My talk on web2 and micro finance

  1. 1. Microfinance 2.0: How Web 2.0 is helping to explore the Fortune at the Bottom! Siva Prasad http://shivp.wordpress.com
  2. 2. What I Want You to Get <ul><li>Understand the concepts in the title </li></ul><ul><li>How these concepts are connecting </li></ul><ul><li>Evolving models in Microfinance </li></ul><ul><li>Not an opinion that this guy has </li></ul><ul><li>blabbered  </li></ul>
  3. 4. Microfinance 2.0: How Web 2.0 is helping to explore the Fortune at the Bottom !
  4. 5. The Pyramid Source: UN Development reports
  5. 6. 4000 2000 Market Size (Bn USD) Difficult to access, unorganized and dispersed Concentrated,organized, easy to access Characteristic <ul><li>Income generation opportunities </li></ul><ul><li>Economic freedom </li></ul>4 Entertainment, Convenience, better quality of life 1 Needs Tier
  6. 7. Microfinance 2.0: How Web 2.0 is helping to explore the Fortune at the Bottom!
  7. 8. <ul><li>“ The activity of provision of financial services to clients who are excluded from the traditional financial system on account of their lower economic status” </li></ul><ul><li>- Wikipedia </li></ul><ul><li>Size of the typical loan ranges from Rs.3000 – Rs.12,000 </li></ul><ul><li>Without MF, clients pay from 50 – 100% annualized interest rate </li></ul><ul><li>MFIs charge 12 – 24% rate. </li></ul><ul><li>Repayment rates above 99% </li></ul>
  8. 9. Individuals as lenders Individuals as borrowers
  9. 10. Microfinance 2.0: How Web 2.0 is helping to explore the Fortune at the Bottom!
  10. 11. <ul><li>An architecture of participation and democracy – Participatory Web </li></ul><ul><li>Users exercise control over the data </li></ul><ul><li>Network as platform </li></ul><ul><li>Some social networking aspects </li></ul><ul><li>A rich, interactive, user-friendly interface </li></ul>Characteristics of Web2.0 Source: www.wikipedia.org
  11. 12. Lending and Borrowing Platform MFI MFI Lenders Borrowers Back to 300 A.D!!!
  12. 13. Existing Models <ul><li>www.Kiva.org </li></ul><ul><li>www.fundable.org </li></ul><ul><li>www.microplace.com </li></ul>
  13. 14. “ You must be the change you wish to see in the world ” - M.K. Gandhi

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