Front-Yard Banking

Description

A mobile app is changing the way rural communities do business.

World Vision introduced a mobile banking app to help farmers and entrepreneurs in Tanzania and Cambodia save time, money, and energy using phone transactions — rather than walking long distances to the nearest bank.

Within the mobile app, clients are able to receive small business loans, pay back loans, and save through their registered mobile number. World Vision’s economic development program, VisionFund, uses this innovative use of technology to bring down delivery costs and provide flexible solutions for clients.

Photo ©World Vision

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