AUXFIN announced that it had registered its 500,000th member on its UMVA Platform in Burundi. This milestone registration is part of a larger project to connect 1.2 million families in Burundi to access basic financial services through technology. To celebrate this achievement, AUXFIN will donate a basic technology package including solar charging and internet access to the 500,000th registered member, who is from the village of MUNYINYA in the province of MUYINGA. This registration database of over 500,000 members will be organized into groups of 50 households to enable economic development initiatives through low-cost remittances and services on the UMVA platform.

1. Bujumbura, Burundi and Amsterdam, Netherlands, June 16th , 2015
Press release
500.000th
registration in the UMVA Platform in Burundi
Today, AUXFIN announced that it made the 500.000th
registration in Burundi last
week. This work is related to the larger Fertilizer project in Burundi of PAN-
PNSEB supported by IFDC, the total project aims to connect 1.2 million
(members) families. The registration is on-going and today 45% of the families
(population) in Burundi have been reached.
The 500.000th
registered member in UMVA is from the village MUNYINYA in the
province MUYINGA.
AUXFIN will donate to this person or to the group a Rural UMVA Centre. This is a
set of technology based on Barefoot Power and UMVA that can generate an
income for 1 family. The total solution consists of a Barefoot Connect, a Barefoot
Charge and an UMVA tablet.
With this solution the member or the group can charge up to 17 phones and
have 5 lights based on solar, as demonstrated by our tests in Burundi, and is
able to train and connect group-members to the world using the internet.
This basic registration database of more than 500.000 members forms the basis
for community activation. In this special project with the assistance of
HealthnetTPO, AUXFIN will organize the members in groups of 50 households.
The so called G50 are the network that will be able to develop economic
initiatives, which in combination with the low cost remittances process of
AUXFIN. enable to fuel economic development.
AUXFIN : approach, innovation and partners
The Dutch social enterprise AUXFIN expands access to basic financial services
through technological innovation that helps to reduce significantly the costs of
suppliers and customers. Its technological solution UMVA (Universal Method of
Value Access) does so by organizing networks of associations, cooperatives of
small farmers, financial service providers, social service providers and the
Diaspora. These networks are built around its platform offering access to basic
financial services, communications, financial education and social services.
For more information visit our web page www.auxfin.com or send an email to
info@auxfin.com
For more information on Healthnet visit http://www.healthnettpo.org on Barefoot
Power visit www.barefootpower.com