Thursday in Ecuador

Thursday, July 14th, 2016

The week is almost over but the Mifos Innovation team is still hard at work in Ecuador.

The day started with the Innovation Team meeting with an organization that oversees a network of cooperatives. The biggest takeaway from the meeting is that the organization sees the value that the Mifos Financial Inclusion Cloud can bring to their network of financial institutions.

Then, the team met with the IT director from CONAFIPS, an organization responsible for providing support to cooperatives. They put us in contact with some of their cooperatives so that we can discuss our future with the financial institutions directly.

The team then met with Banco Desarrollo to discuss value-chain financing and nano loans further. The team also talked briefly about the integration of accounting services in the Mifos platform. Although it is going to take a little longer to get specific details out of the way, the team is working through the complexities to make the vision of Financial Inclusion 2.0 a reality.

Luisa, a member of the Innovation Team, will officially be traveling to Pindal, Ecuador to observe the entire value-chain financing production. On Monday, she will be meeting with a cooperative to clarify the best configuration of the core banking system to match their needs. She will also be interviewed at Impacto about the Electronic Money System. Javier had two more interviews today, one on TV and the other on the radio.

Tomorrow will be the last day for the Mifos Innovation Team on this week-long trip to Ecuador and we look forward to telling you all about it.

-Jacob Kobzi, Business Development Intern