MIT Solve

Solution Overview

Solution Name:

Social Doctors Ghana

One-line solution summary:

A one-stop shop for blended solutions for informal individuals, institutions and communities to access relevant social network for growth.

Pitch your solution.

PROBLEM: lack of informal authentic information dissemination & networking for Market linkage, for semi formal micro Savings, Pension contribution, health and social insurance and micro informal investment advisory.

SOLUTION: oneshop membership based social enterprise NGO that provide network for marketing linkage and disseminate info, and has financial subcontractors as service providers to provide members with Credit Union for savings, and out of savings pay micro insurance, pay pensions contribution and invest through a USSD (scratch card) system and personal mode of collecting and depositing savings via registered agency system

IMPACT: member, selfcontrolled marketing and sales network, Financial, health and pensions independence for members without traditional formal banking system

Film your elevator pitch.

What specific problem are you solving?

1. Ghana has over 70% informal economy to GDP with over 70% of over 30,000,000 population living in the rural areas

2. The informal sector lacks specific trusted network of relevant information for innovation, produce, market and sales as well as credible self-control financial service that understands and suits their situation

3. Mobile phone networks coverage is less than 80% with broadband data subscribers less than 60%

4. High unemployed rate causing university graduates to think, create and sell for living without trusted effect marketing system, as COVID discourage foreign travel for pasture

5. Increased number of non banked informal sector due to lack of trust in the financial sector following the collapse of banks

Who does your solution serve, and in what ways will the solution impact their lives?

The solutions serves informal folks who are at the bottom and lower middle part of the social piramid

Association Membership is district Community based. Members are led by executives elected by themselves and understand themselves and their aspirations

Community elected executives reports to headquarters through their both directly and through their geographical regional executives

Solution team members are representatives of the members of the problem origin. Concerns applications form contains suggested solution(s) developed by the complain group

Every community group of members has engagement team made up of fairly elite level who receives instructions, guidelines and training from headquarters (both virtual and physical) before presenting to association members.

Which dimension of the Challenge does your solution most closely address?

Deploying features that promote the continuity of contributions to social insurance schemes from informal sector workers, incorporating behavioral tools that incentivize and encourage financial savings, transparency, and accountability

Explain how the problem, your solution, and your solution’s target population relate to the Mission Billion Challenge WURI West Africa Prize and your selected dimension.

The problem relates to the lower and middle class of the Ghanaian society, both peasant individuals and informal startups and SMEs including aged rural farmers.

The solution targets informal sector operators who wish to access larger market to sell their output, do savings, contribute pensions, pay life and health insurance and have a Democratic administrative control of all above entitlements...without formal complex systems but with social behavorial controls

Where is your solution team headquartered?

Accra, Ghana

What is your solution’s stage of development?

Growth: An individual or organization with an established product, service or model rolled out, which is poised for further growth in multiple locations.

Who is the primary delegate for your solution?

Peter Kwame M. Ofori-Manful