Finance and Information Platform for Everyone Establishing a new - - PowerPoint PPT Presentation

Finance and Information Platform for Everyone

“Establishing a new Bank model in Mozambique”

29 Feb 2016 Microfinance Training Nippon Biodiesel Fuel co., ltd.(NBF) Makoto Goda Makoto_Goda@nbf-web.com

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 Name: Nippon Biodiesel Fuel, Co.,  CEO: Makoto Goda  Established date: 21 January 2000  Activities conducted in Mozambique: Research on efficiency and sustainability of jatropha biofuel conducted with The University of Tokyo and UEM funded by JICA - JST ( 2010 ~ 2017)

 NBF  ADM

 Name: Agro-Negócio para o Desenvolvimento de Moçambique, Lda  CEO: Makoto Goda  Investor: Nippon Biodiesel Fuel, Co., Ltd  Established date : 12 March 2012  Capital: 45,500.00 USD  No. of local staff : 40 permanent staffs (in April 2015)

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General Information

Three main activities.

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Area Relation With Gov. Contents

Energy Food Finance

 Supplying bi

biofu fuel mad ade of

• f

Ja Jatr tropha for generators and maize mills in non- electrified villages.

 Supplying or

• rganic

ferti ertilizer made from Jatropha seed cake.

 Purchasing rice

rice from rural farmers.

 Commercializing and

Selling them locally.

 Installing elect

ctri ric mon

• ney

system to KIOSK shops in rural area.

 Using Electric money for

pur purchasing cr crop

• ps.

 Recording li

life log log of farmers.

 F/S: NED

NEDO (US$ 1.3million)

 Research: JIC

JICA・JST (US$ 4million)

 Pilot: AECF (US$ 1.5million)  Participating G8 New

Alliance for Food Security & Nutrition.

 Pilot: JIC

JICA (US$ 0.5million) with NEC in 2015

Working together with Mozambican people in order to improve their livelihood on their own and to establish a society which is able to develop sustainably.

VISION LOCAL PRODUCTION & LOCAL CONSUMPTION MODEL Kew word

Finance

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We try to integrate good points of Mobile Money and good points of Commercial Bank.

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Our target is the peoples who don’t have financial access.

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Now is the time to change lives of 3billion people!!

First target is 12 countries

• Our telecommunication partner

Vittel(parent of Movitel) has almost 300 million customers.

• Our target is to have more than 300

million customers in 2020!!!

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Our Team

• Yoshio Hirako: Ex-President of Bank Mutiara. Ex-exective director of

AEON Financial Service.

• Tomoko Ogura: Ex-senior Officer of MUFG.
• Masaki Miyauchi: Ex-senior officer of Nomura securities.
• Stuart Greenberg: Ex-exective vice president of Fidelity.
• Haruko Fukuda: Ex-chairman of World Gold Council.

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☞ Cabo Delgado Province ☞ Operating in 8 districts (April 2015): Ancuabe, Balama, Chiure, Macomia, Meluco, Montepuez, Muidumbe e Quissanga ☞ Main site: Administrative post of Bilibiza

Macomia Quissanga Meluco Ancuabe Balama Montepuez Muidumbe Chiure

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Location

Why??

• Why an energy company establishes a new bank????

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(delivering biofuel) (sea view from office) (nursery with BaoBab trees)

Planted trees for biofuel(2012).

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Mobilization of farmers Multiplication of seedlings Distribution of seedlings Agrarian technical assistance

 Number of clubs: 75  Members : 6,000  Distributed seedlings:

801,000 (until 2015)

Generated electricity by biofuel for non-electrified villages(2012)

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Problem! Villagers didn’t have any electrical equipment……..(´・ω・`) (2012)

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Opened KIOSK to provide electrical services: refrigerators, ice makers and lanterns.(2012)

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(Generator) (Generator and Lanterns) (KIOSK) (Refrigerator)

New Problem!!! Cash fling out from shops!!!! Almost 30% loss(´・ω・`)!!! (2012) We had discussed with shop keepers and conclusion was…..

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Because of witch???fairy(;´Д｀)?????(2012)

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（Ｃ）Vlad Sokhin

Beyond Witch and Fairy( ｀ー´)ノ. Installed e-money and tablet POS system(2013)

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Gap came down to less than 1%(*^^)v

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Though we didn’t expect it,

We found a big amount of deposit in their e-money accounts(2013).

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• Villagers told us that they don’t have any place for

“safe saving” and they do need a place for “safe saving”.

• Without our services, they have to dig holes to hide

their cash.

No Electricity No Bank

• 70% of population(18 million) is living in rural area.
• Only 1.7% have access to electricity in rural area.

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We have Mobile Phones!!

• Even without national grid, our partner Movitel has started their

mobile phone services from 2012 and is still an only provider in rural area of Moz.

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“Stone “ Stone Money of Yap “Tally” Exchequer Tallies of England “Mobile Phone” Mobile Money of Mozambique

Money is System. System of credit and clearing. Not currency.

Mobile Money has big impact!

Still have some points to be improved.

• It’s for money transfer.
• Not for saving, not for lending.
• Less than 3% of Mobile Money is used for usual payment at real shop.
• Without POS system Mobile Money cannot record contents of

consumptions.

• Mobile money servicers cannot lend money (in Moz).
• Hence, money of the people is still sleeping under the ground not

flowing into society.

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Establishing a NEW BANK

• We have agreed to invest together with Movitel and FARE(2015).
• Movitel is Vietnamese Gov.
• FARE is Moz Gov.
• We will apply for commercial bank license. As microbank license

doesn’t allow us to open saving accounts at least for first 6 months. Micro Banks are expected to start from lending.

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Concepts

• Saving first and lending next.
• Commercial banks never lend money without checking companies

financial statement. Banks know how much sales come in and for what they use money.

• It should be same for rural farmers.
• Firstly we record how much and from what they earn and for what

they use.

• Secondly we do scoring.
• Thirdly we decide credit for each.

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Collaboration with Micro Finance Institute

• We can provide individual information.
• What kind of crops the farmer grow, how was production quantities,

how is his credit score etc.

• We can provide settlement system for rural area. Staffs of MFI don’t

need to visit when customers refund well by using mobile phones or NFC.

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Sales example of a shop

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28% 2% 15% 48% 7% 39% 9% 16% 31% 4%

Food Drink Convenience goods Communication Other

Harvest season Planting season

Our Fintech solutions

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Off Grid Bank window

Equipment charged by solar panel Solar panel

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New bank will open bank windows in rural villages.

Easy to use with NFC and Mobile Phone

Operator in rural areas Tablet, Card Reader Writer and NFC Card

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Card Reader/Writer

Tablet Cellphone or NFC Tablet & Application

Farmer

KIOSK KIOSK KIOSK KIOSK KIOSK

New Bank Our Client

Finance & Information Platform

App

Application

In terms of the application used for the platform, API for system development is opened. The platform is available for various sector’s companies

Open API Developer

M M

KIOSK

M Service windows Agencies

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Finance and Information Platform

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For don

• nors
• Provision of special accounts for the project
• Information provision for the selection of

beneficiaries

• Provision of monitoring information to show

changes of beneficiaries’ lives after the project

• Provision of settlement services only at

specific shops and only for selected items

For Agr gribusines ess

• Database of the purchased crops and the

quantities

• Provision of information about purchased

amounts and stocks of each purchase location

For KIO KIOSK

• Purchase order and the delivery of merchandises
• Simple POS system + settlement services

→automatic provision of credit for loans + settlement of repayments of principals and interests

• Sales of agricultural inputs
• Having stocks of mobile phone vouchers and sales

For Farmers

• Provision of the latest purchase prices/

amount of purchase of crops

• Provision of information related to

transaction history of crops

• Postal service (delivery)

Finance and Information Platform

Partnering with United Nations from 2015

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9,000 farmers are using

For community development

• Safe saving itself has value.
• Our Bank doesn’t pay interests for individuals but for society.
• Ex. 1% for school, 1% for village, 0.5% for district, 0.5% for province,

0.5% for scholarship etc.

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Thank you!! Obrigado!! ありがとうござい ました!! 合田 真 Makoto Goda

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