Tuesday in Ecuador

Tuesday, July 12th, 2016

The Mifos innovation team saw no lack of action on their second day in Ecuador. After a busy first day, they got right back to work with multiple meetings and interviews scheduled for day 2.

Javier started the day off presenting to SEPS, a regulator for cooperatives. The members of SEPS were very intrigued by our operational model. Then it was on to the next meeting with Banco Desarrollo to discuss some specifics on how our model is going to tie in perfectly with their financial organizations and cooperatives in place. In particular, our team discussed how nano loans and value-chain financing was going to work with our platform.

Javier had to leave the meeting with Banco Desarrollo early, since he had scheduled interviews he had to attend. He had two interviews on live television and another on the radio with FM Mundo 98.1. You can see Javier in the photo to the right in the middle of his interview!

Soon enough, it was time for the Mifos Innovation Team to regather and meet with the Ministry of Economic Policy. They met with two high government officials who in turn put us in contact with dozens of other valuable individuals. After talking with them briefly about mobile wallets, the team was off to meet with Level 3, a worldwide provider of data centers. Our team was astounded by the coverage of the data centers and is happy to partner with them to launch the Mifos Financial Inclusion Cloud in Ecuador.

The end of the day came after another brief meeting with IOU Fintech. The team has found that the excitement in Ecuador is contagious. Everyone is on board and ready to announce Financial Inclusion 2.0 in Ecuador. We’ll keep you updated on all that happens in the coming days!

-Jacob Kobzi, Business Development Intern