Tell us about your partnerships
We do not currently have any partnerships. If we get this grant, we will be using that to travel to the Philippines to start building our network of partnerships and customers.
Are you currently targeting other specific populations, locations, or markets for your innovation? If so, where and why?
The Philippines is going to be our first, which we determined by doing an economic analysis looking at poverty rates, micro finance usage, private credit bureau coverage, regulatory strengths and concerns, and depth of financial services, among other less important factors. When the Philippines proves successful, we plan on expanding the following year, in 2014, into Vietnam. Vietnam was also a good fit when we considered the afore mentioned criteria.
What type of operating environment and internal organizational factors make your innovation successful?
Both founders have a very strong, deep, and diverse academic background (one will have an M.B.A. and an M.A. in Economics and the other will have a J.D.) which will allow us to direct operations and respond to challenges and opportunities quickly and effectively. In discussions, we both value each other’s opinion and the notion that the idea with the best support trumps the other. We are both passionate about entrepreneurial ventures and making a difference in the world. We understand the difficulties of creating a successful business and are eager to address any challenges that arise in a confident and informed manner. Using the principles of a lean startup we will build, measure, and learn, through innovation accounting, to track progress and determine development direction.
Please elaborate on any needs or offers you have mentioned above and/or suggest categories of support that aren't specified within the list
As of December 2012 I will have an MBA and a MA in Financial Economic Policy and my business partner will be graduating law school in May 2013. If either of us can help with any background knowledge relating to those three fields of study, we would be happy to help.