2nd Annual Microfinance and New Technologies Summit to be Held in Morocco
Microcredit on the Agenda.
By Jenelle Madrid.
Around 250 decision makers around the world are expected to attend the 2nd annual Microfinance and New Technologies Summit 2010 to discuss advances and solutions in microfinance technologies.
Organized by PlaNet Finance, Banque Populaire Group and Sogeti, it will be held in Morocco on March 11th and 12th. Morocco was chosen because of its widespread success in microfinancing, with 1.24 million loans outstanding.
With the theme, “Which models are best placed to increase access to financial services for the unbanked?,” key players in the microfinancing spectrum are searching for innovative technology solutions to improve their efficiency in the competitive market.
One major advancement is the development of mobile banking, such as Village Phone by Grameen. The phone allows local entrepreneurs to rent phones to villagers for a small fee. Also, in partnership with Google, Grameen has developed AppLab that helps poor villages without Internet access to receive farming, health and trading information via SMS.
It will be interesting to see what innovations the international and national exhibitors will showcase at the summit, and how the new products and services will benefit microlenders and borrowers in the future.
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