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Luisa’s Extended Stay in Ecuador


After the Mifos Innovation Team finished their week in Ecuador, Luisa had the opportunity to stay in Pindal to hold a couple more meetings. Pindal is a small town in Ecuador that borders Peru. Even though it is composed of just 6000 people, it produces 90% of the corn in Ecuador. Luisa was joined by the Assistant Director of Banco Desarrollo, Juan Carlos Aguirre, to experience first-hand the effect that the Electronic Money system wo20160719_125711uld have on these rural areas.

Luisa and Juan first met with Pablo Saritama, the manager of Banco Desarrollo in Pindal. They discussed the various types of loans that would be implemented using Mifos, similar to the conversation that the team had at the Banco Desarrollo headquarters.

After the meeting with Banco Desarrollo, Luisa and Juan then met with the Corn Producers Association. They were able to answer questions and gain valuable insight from the corn producers regarding what kind of loans were needed and which loans work best. Luisa and Juan were able to explain Mifos and the Electronic Money System and everyone there seemed excited and willing to embrace this new system.

Signing off,

Jacob Kobzi, Business Development Intern

Talking about Financial Inclusion to Financial Innovators at FinDEVr

James Dailey, board member and Chief Innovation Officer for the Mifos Initiative, spent this week at FinDEVr San Francisco with Vishwas introducing the Mifos X platform to the world of fin-tech innovators. 
This week was terrific. I was able to geek out about financial inclusion for hours, give a presentation about the powerful Platform that the Mifos team has built, learn what other tech is up and coming, and share the narrative of why Mifos as a rallying concept – open source, open APIs, cloud, mobile – is so important for building the financial services that people everywhere deserve.
The FinDEVr conference at UC San Francisco Conference Center was not the typical conference for Mifos. Attendees were representing some of the largest payment networks (Visa, Mastercard, Paypal) and their development efforts were focused on use cases that are quite removed from the world of microfinance or building the basic payment networks in emerging markets.

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