Virtual Telesavings and Asset Acquisition (VAT)
This project also has a Changeshop where you can read more about its latest progress.
Go to Changeshop: Virtual Telesavings and Asset Acquisition (VAT) .
VAT buys assets and gives them to persons on loan, who pay periodically through a telesaving process. When complete, the assets become theirs indefinitely.
Sobre ti
Sobre ti
Nombre
Nathan
Apellido
Muwereza
URL en Twitter
URL en Facebook
Sobre tu organización
Nombre de la organización
African Community Team Support (ACTS)
Sitio web de la organización
País de la organización
Uganda, MBA
Países en donde este proyecto está creando impacto social
Uganda, MBA
Tu organización es
Híbrido
¿Cuánto tiempo ha estado operando la organización?
1-5 años
¿Tu organización ha recibido premios y/u honores? Cuéntanos sobre ellos.
La información que brindes aquí será usada para llenar las partes de tu perfil que hayan sido dejadas en blanco, como intereses, organización, y sitio web. Ninguna información de contacto será hecha pública. Por favor desmarca esta casilla si no deseas que esto suceda..
Innovación
Selecciona la fase que describa mejor el momento en el que se encuentra tu emprendimiento
Crecimiento (tu iniciativa piloto ya se está aplicando y se empieza a expandir)
¿Cuánto tiempo se lleva poniendo en práctica tu iniciativa?
Operando menos de un año
La necesidad: ¿Cuál es el problema que tratas de solucionar?
Many people work hard but save little (if any) in developing countries like Uganda. They cannot easily accumulate funds to buy assets, machines or other necessary equipment to use. The process of making savings or getting credit itself is complicated by distant banks and paperwork (and is seemingly meant for only literate people). Moreover, mainstream credit/loans have conditions such as collateral security which most of them (especially women and youths) do not posses.
La solución: ¿Cuál es tu solución? Sé específico.
VAT enables marginalized but yet hardworking persons to acquire capital equipments through an informal loaning process. These include motorcycles and hair cutting machines for youths and women; and agricultural implements such as pumps for irrigation, tractors and grinding machines for peasants. They are also provided with a virtual bank(banking money on a designated phone) through which they pay and save.
El Modelo: Muéstranos a través de un ejemplo específico cómo tu solución hace una diferencia, incluye tus actividades primarias
A machine is bought and given to a person (or a team), who uses it to earn and pay for it periodically through telephone money transfers. Part of the amount transferred is a saving for the payee and is paid to them after an agreed time frame for reinvestment.
El mercado: ¿Quiénes son tus pares y competidores? Identifica a otros que también estén trabajando para dar respuesta a las necesidades que tú abordas y en qué te diferencias de ellos. ¿Cuáles son los desafíos que estos jugadores podrían representar para tu éxito o crecimiento?
Savings and credit cooperatives exist and are trying to reach even in rural areas. This means that there is a competition for clients. However, their stringent conditions, bureaucratic behavior and too much formalized paperwork is their undoing. Besides, VET attaches credit to equipment which is used to raise the money to pay it and this is the niche.
Esta presentación se trata de
Impacto social
Historia de la fundación: Queremos saber acerca del momento en el que hiciste "¡Ajá!". Comparte la historia de dónde y cuándo el/los fundador(es) vio (vieron) el potencial de esta solución para cambiar el mundo.
I was orphaned early in a marginalized conflict area. I worked hard to gain formal education with a hope of getting a job. The misery and helpless state of similar others in my vicinity has been a continuous challenge in my life. After my undergraduate degree in 2004, I individually accommodated some in my small room. I was jobless and life was very difficult for all of us. When I got a scholarship at Cambridge University, I saved part of it and bought a sewing machine for one of them to learn tailoring. On my return from Cambridge in 2007, I realized the importance of giving people practical skills and equipment to work. She even partly supported me since I was still unemployed. Since then, I informally mobilized similar others into nursery teachers and hair dressers; and formerly registered a hybrid company in 2009 to officially operate. Although they can earn, they do not save and invest for sustainability and growth, a gap this project seeks to fill.
Por favor, describe el objetivo de tu iniciativa: un resumen de lo que están tratando de lograr
Empower as many poor people as possible with not only skills but resources to work and lead edifying lives. I aspire to realize a society where everybody does something beneficial to him/herself and others; and a world without social injustice arising from marginalization and exploitation due to socioeconomic powerlessness.
¿A qué barrera(s) a la inclusión financiera tu solución busca dirigirse? (selecciona todas las pertinenetes)
Físicas y otros obstáculos de accesibilidad que impiden que los servicios financieros lleguen a las comunidades, Falta de productos financieros asequibles adaptados a las necesidades de las comunidades marginadas y excluidas, Otro (Por favor, describa a continuación).
Si ha seleccionado "otro", por favor especificar qué otras barreras a la inclusión financiera tu solución busca dirigirse
Provision of required capital inputs (equipment) to enable hard working persons earn and save for investment.
¿Para qué comunidades marginadas o excluidas tu solución creará un acceso a servicios financieros valiosos, asequibles, seguros e integrales?
-Women and youths: These are proportionately marginalized and exploited in male dominated societies. They are economically powerless and depend on their male counterparts or spouses for their livelihoods.
-Rural small scale farmers (mainly peasants): These constitute over 60% of populations in Sub Saharan Africa, including Uganda. Their rural nature limits their accessibility to financial and/or banking services. Similar, majority are illiterate and find it difficult to go through the detailed formal processes that mainstreaming banking requires.
¿Tu solución podría operar en otros conextos o regiones? Si así fuera, ¿en dónde?
This solution is capable of operating anywhere in the world where machinery is limited yet there are people who can use them. However, for virtual telesaving (banking) to work, the solution needs locations where mobile money transfer facilities exist.
Si tu solución tuviera un éxito espectacular, ¿cómo serían las cosas diferentes en 10 años?
Every person will be able to acquire important assets needed in the production process such as tractors (for peasants). Savings will increase and credit will be spread to thousands of beneficiaries. Credit services will increase to reach to remotest of creditors. Similarly, the agency will grow into a multimillion entity worldwide.
¿Qué tendría que haber cambiado para que esto sucediera?
Mobile phones and telephone networks will have reached even such remote areas envisioned here. This is so because, telesaving is dependent on the mobile money transfer solution.
¿Cuál ha sido el impacto de la solución hasta la fecha?
A motor bicycle has been bought and given to a youth who is using it to pay back the original price plus 20% of that price.Five shaving machines have also already been bought and given to two youths who are now paying back. Two oxen were also bought and used as a pilot activity with a peasant group in one of the villages and they have so far advanced to a level of being able to acquire a second hand tractor. Other groups were initiated but without this saving component and are yet to be introduced to it so they can save too.
Cuál es tu impacto proyectado para los próximos 5 años?
Over 10 groups will have been established and given equipments to generate incomes. Over 30 durable machines and equipment such as motorcycles, tractors, irrigation pumps and grinding mills will have been bought and loaned to groups and individuals to work, pay the loan and be able to move out of their poverty stricken conditions.
Las iniciativas ganadoras presentan un plan fuerte de cómo van a alcanzar y realizar un seguimiento del crecimiento. Identifica tus metas a seis meses para el crecimiento de tu impacto
Identifica tres grandes tareas que tendrás que completar para llegar a las metas de seis meses.
Tarea 1
Mobilize a few team members and induct them as beneficiaries
Tarea 2
Buy initial cheaper equipment and/or machines
Tarea 3
Evaluate and roll out the solution to other members
¡Ahora piensa en grande! Identifica tu meta de impacto a 12 meses.
Identifica tres grandes tareas que tendrás que completar para llegar a tu meta de impacto a 12 meses
Tarea 1
Mobilize more members with experiences from the first lot
Tarea 2
Buy more equipment and machines
Tarea 3
Evaluate and roll out the solution further
Sostenibilidad
Cuéntanos sobre tus alianzas.
We currently collaborate with global giving (UK) which link us to volunteers and aid in collecting and disbursing donations from well wishers worldwide. Others are government agencies such as police and local councils. I am also working with a group of friends in Germany who will be collecting and shipping relevant equipments such as saws and hair cutters for teams to use.
¿Actualmente te estás dirigiendo a otras poblaciones, lugares o los mercados para tu innovación? Si es así, ¿dónde y por qué?
Southern Sudan is very lucrative country for business and is our my next target. Many are poor as they have been at war for decades and need support to develop. However, the lack of mobile money transfer facilities there is the main limitation. We will base in northern Uganda and only make entries occasionally using the porous nature of the social boundaries. Our team members will be crossing and carry out business there and comeback with our support.
¿Qué tipo de sistema operativo y factores internos de la organización hacen que tu innovación sea un éxito?
All board members are working voluntarily. We do what we do with our spare time and this makes us self-sustaining. We also begun operations informally and just got registered in 2009. This has made us know how to go about our efforts with ease.
Por favor, pon en claro las necesidades u ofertas que hayas mencionado anteriormente y/o sugiere categorías de apoyo que no están especificadas en la lista
While I aspire to mentor others, I need to network with others to be supported legally, financially or technologically to successfully operate say in other countries. Ideas are varied and getting insights of others' innovations is vital for me as they mentor me too. I am also willing to collaborate and share my coalition/team building skills, research work and ideas with others.
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| boda_boda.jpg | 149.8 KB |
| bike_for_taxi_work.jpg | 402.1 KB |
 | 44 weeks ago Nathan Muwereza updated this Competition Entry. |
| 45 weeks ago Nathan Muwereza updated this Competition Entry. |
| 45 weeks ago Nathan Muwereza updated this Competition Entry. |
| 46 weeks ago Nathan Muwereza updated this Competition Entry. |
| 46 weeks ago Nathan Muwereza updated this Competition Entry. |
| 46 weeks ago Nathan Muwereza submitted this idea. |