Mobile Money Biz Loan For Women would help increase access to capital for small businesses. Also reduce hunger and poverty,because alot of women who have lost hope can now have access to seed capital to enable them provide for their families.

Problem

Access to capital,unemployment. Getting loans for business ,through your mobile phones using mobile money applications and to encourage the cashless society which the Nigerian Central Bank is campaigning for. Many women find it hard to get loans to start up their busness, especialy those in the rural areas, who does not have bank accounts,but with MOBILE MONEY BIZ LOAN FOR WOMEN, their phone numbers become their bank account using mobile money, and they can be given loan which they pay back later.

Solution

This would for the enable the banked, under-banked and unbanked (woman or enterprise)access to banking services and loans. It is also a branchless banking business, meaning that its services are designed so that women can generally conduct transactions without the need to visit bank branches, but simply by using their mobile phones to conduct transactions. It would enable them recieve payments for goods and services through their MobiLe phones

Example

The women are trained on how to use their mobile phones to accept payments and also to make payments.She is registered for mobile money, her phone number becomes her bank account, she can save money through her phone. she is trained on how to manage and grow her business if she has one and given a loan to fund her business. If she doesnt have a business she s trained on a vocational skill and given a loan through her mobile phone to start up.

Marketplace

No organization curently gives loans to empower women through mobile money. We only have mobile money operators and banks, what they do,is just sign up people to use their product.