Rural Digital Banking App

Banking services plays important role in economic transformation of urban and rural setting, unfortunately banking services lacking rural communities and is a global universal problem. But majority of the world's living in rural areas of rural communities especially developing have limited access to financial services such as savings, loans, cash withdrawal, deposit, transfers, send and receiving money among others because commercial banks and microfinance institutions, are unable to reach remote areas.

Banking services remains out of reach, entrepreneurs are struggling to make small businesses sustainable and succcessfull.they work tirelessly to secure a reliable income, but their option are remarkably limited, this communities continually faces: Lack of access to financial services are in range of productive (asset building, working capital and protective (mitigating risk exposure, including health health) business stock, equipment, agricultural inputs, infrastructure to foster marketing goods and services, reliable transactional services to send and receive payments, lack of capital income to cover investment in education/ shelter/ health or deal and emergencies.

This is evidenced by the fact that 1.4 billion population globally, lack access to banking services, because, they reside in hard to reach areas, women, poorer, less educated, and living in rural areas, half of adults in developing economies report that they could reliably access extra funds within 30 days, faced with an unexpected expense. two-thirds of adults are very worried about at least one area of financial stress, whether it’s paying for medical bills, paying for school fees, regular monthly bills and money for old age, financial service providers, including fintechs should work together to lower barriers to access, improve physical, data and financial infrastructure. World Bank (2022).

Lack of banking services availability in rural communities is driven by poor infrastructure, low population density, small transaction sizes and risk prone returns in agriculturally concentrated economies. It is costly to deliver these banking services in these rural areas, resulting to poor standard of living and economy of scale. financial institutions lack expertise to digitize banking services or make them access for rural clients are limited by long distance, high transport cost, lack of banking availability, low literacy, lack of confidence in using digital technologies. Besides lack, infrastructure to develop effective digital financial services, product, and channels and process that can sustainable reach and serve the most marginalized groups.

Fortunately financial innovation, has spread across developing world, with 59% in Eastern Africa, 17% in Western Africa, 13% from Southern Africa, 10% in Asia, and 1% in Latin America provides opportunities for Technology enabled solutions, are vital to reaching and serving customers in communities with secure, safe and reliable banking services, which are cash withdraw, deposit and transfer banking, and send and receive payments.

Rural Banking App “Rural Banking App” using blend high tech tablet-based banking, high touch approaches and mobile money wil provide banking services to customers, revitalize marginalized sector of the economy, As leader in digital banking services, mobile banking with secured vehicle, bringing physical banking will be introduced, with infrastructure for clients to cash withdraw, cash deposit, money transfer, loans borrow, save and complete transaction. The system will operated by agent bankers, mobile money agents and high touch user to achieve highest possible impact for clients around the world.

The innovation will connect clients in communities to the mainstream banks digital transactions system fostered by wireless internet, guarantee secure, safe and reliable banking service like cash withdraw, cash deposit, money transfer, loans and utility payment to the remote rural communities, where access to banking services is scarce, reducing risk of financial loss, making it easy to do business reducing loss of collapse of  financial services in rural area in the past 5 decades, the transaction will be bought to the population and communities though major commercial banks like Centenary Development Bank (CDB), Post bank Uganda Limited (PBU) and Stanbic Bank present in Uganda among others

The App shall function with registration in the application by opening the app, creating password, fill unique code and password and Click submit financial information about a members. Then press login, select deposited via mobile money or application app a phone number and amount to deposited with confirmation of details is undertaken, selects yes, Popup screen comes to your phone screen and put in mobile pin and transactions.

 this connects clients with the mainstream bank, with login process that takes the process  of: Click the App login link in (1) above, Go to register entity, Fill the display form, Click submit and Request will be approved for the institution to start operating in 15 minute. Member Login is through Click App login in (1) above, Input member number, Input pass word, Input the Capcha and Click login. Registration process starts with Opening the app, Go to create password, Fill in your unique code and password, Click submit and the account is created. Member inputs the username, Types in the password and Capcha No, Clicks Login.

Banking transactions goes directly to the group account, with physical cash is taken to commercial banks and microfinance is conducted by Bank Agent, Mobile money operator or Group authorize Agent of business partner, with services show opening, cash deposit, cash withdrawals, transfers and loan processing for clients directly to the bank by bank agents, with physical complete transaction, , delivery on week days and weekends.

Rural Banking App will target Small and Medium Enterprises (SME), including retailers, wholesalers, brokers, stockiest in operation, but lack access to banks to revitalized their business, farming organizations, 90%residentis (including groups, cooperatives, Voluntary savings and loan association (VSLA), civil servants working as Teachers, Health workers, Government agencies, Local government staffs and Political leaders, employed population (youth, women and young people) working in private and public sectors, Cooperate employee such as trainers, researchers, consultant advocates and people in non-profit institutions like NGOs, CBOs, international organization and agencies (UN, WFP, UHCR etc) and (women, youth, persons living with disability (PLWDs) poor and vulnerable population earning less than $2 a day (world bank 2020) based in trading centers, townships, town boards, business Hubs, Districts, news cities and communities.

The population is affected by conflict inappropriate policies, marginalization by historical factors, disasters, emergencies, climate change, conflict (e.g. Lord’s Resistance Army Insurgencies (LRA) limited by long distance, high transport cost, lack of banking availability, low literacy, lack of salaries, capital is affecting lives of these population, limited economic performance, livelihood and  rural-urban migration as a result, people cannot find jobs, And without resources or training, entrepreneurs struggling make their small businesses sustainable and successfully, they work tirelessly to secure a reliable income, but their option are remarkably limited and lack access to business supply chain to enhance rural economic contribution from 25%-30% to 40% as economic system is revitalized through digitals banking services.

App will bring to the target population, a secure, safe and reliable financial services, providing cash withdraw, deposit and transfer services, whose misfortune is define by long distance, lack of banking services that will play crucial role rural economic transformation, mitigating effect of long distance access to banking centers. the solution will change the fortune of customers access to banking services relying on limited home based financial services for their needs and preference, digitalization will improved accuracy and transparency, create trust among clients due to accurate calculations, stored records, automatic receipts, decreased disagreements, increased morale, with more savings,  and increased share value. Reduced time for transactions sessions in calculations, record-keeping increase accuracy, decreased  time process savings and maintain records, writing in the ledger, creating receipts and correcting errors!, income generation, building social networks and caring for family members and Practical support enhanced functioning: visible change traditional, found practical support opening bank accounts and transactions. And the action will business, livelihood and social transformation improved through digital integration mainstream banking sector, with no one is left behind in living standard through access to financial services.

The team are qualified, experienced, competent, committed team, consultants comprise of gender, youth life experience, culture, national and international character. A team of people with, Degree and Diploma in Business, Social works, Accounting, Development, ICT, Law with defined roles and responsibilities, back by professional consultants. We brings 5-15 years’ experience, expertise, knowledge and skills to the business to create efficiency and effectiveness in implementation, demonstrated connection with the community, commitment, service with passion, hard work with less supervision or overs to foster efficiency and effectiveness as explain below:-

1. Ogula Johnson founder (Director) will play the role of planning, management, operation, supervision and monitoring the business, he will allocate 100% of his time in the business. Johnson is a business consultant, and entrepreneur, with digital skills, circular economy, social and economic development, work in conflict and post conflict recovery communities, refugee humanitarian service and transformation of  urban and rural economy, he has the understanding, experience and connection with communities since 2007 (13 years), other team members:-

2. ICT, Opolo James (IT offer), Degree and diploma in ICT will offer app development and deployment in communities his effort to the business will be 100% in action

3 Ojungo Joram (Marketing officer) marketing will be in marketing of product, his effort to the business will be 100% in action.

4. Akello Sophie (Accountant) will play the role of accountability of funds spent and unspent, her effort to the business will 100% in action.

5. Gloria will be team leader to head field activities during field work, her level of effort will be 100% in implementation.

This is what makes our team diversity, difference and uniqueness in comparison to other teams to solve problems, needs and challenges of beneficiaries.

The team  will work with local council, councillors, sub county, district, grass root groups and partners, and to get needs and priorities, by:-

• First meeting with community leaders, and possible actors on banking  status quo , ask  to volunteer, get contacts for next level of work, reach out to more people, creating partners and to bolster out work for next round of activities in understanding community economic challenges
• Volunteers from community, partners, grass root groups, local government and organizations, are trained in mobilization, identify spaces for peer engagements, digest specific issues for research and development of position papers so that it becomes part of source materials for solving the problem
• Organize consultation events by first training our teams again, design activities, hold pre-consultation among the team, have prepare logistics in place and make invitations, develop presentation papers and organized activities as scheduled for consultation .
• Holding consultation with communities by presenting paper facts, statistics and issues, get community inputs through focus discussions and interviews with key stakeholders, and then we commitments and follow on what should be done the problems agreed upon.

The engagement of communities in the design and implementation is guided by participatory discussion and interviews on issues identification and prioritorisation

It is a prototype than a concept because:-

This is a model of service testing out idea and see how viable they are, referred to as bet testing, sampling, or building a minimum viable product (MVP), for solution design that will be piloted and deployed in rural economy

It is an important part of initial service concepting process, enabling testing service or product before actually make it to scale, it about getting so much as giving something to collect data analyze and make informed decision for implementation

Design or visual software level, mapping out usability how a person moves through software step by step, within a dashboard, website, or marketing campaign, feedback from users and teammates on logic, functionality and overall design, in a format of sketch, either within software tool.

Determine visibility of given code solution by mocking up back end of product, such as figuring out 2 data system can talk to one another, testing out an ordering system or fine tuning AI to much phrases or data point as engineering test to ensure actually follow through idea

The working model of service and products, allowing testing and refining before investing in full production, offering away for investors, customers and stakeholders to get understanding of the service will, how it works and whether it meets the needs and preference of customers

The prototype gives framework to secure funding for startup by demonstrating, how the idea has potential for Investors, invest in the business, that has been tested and proven to work rather untested concept, helping to attract customers through marketing activities such as trade shows or by launching pre-orders

This provides valuable insight to development process itself, allowing identification, where process could be improved or streamlined, helping to reduce costs and improve efficiency throughout development process, leading to faster development time and high quality products.

It is essential for success providing valuable insight into product design, securing funding and attracting customers, with an opportunity for team building, and process improvement, investing time and resources as an important step in development of start-up.

Reduced risks direct project resources, time and budget, with possibility of estimating resources needed and time for development

Iterate at lower cost information gathered from potential customers, making it possible to improve service, till optimal product formulated, creating opportunity for launch of service, with additional cost of unsold service.

Provide focused feedback helping to get focused customer feedback on desired qualities in the service and financial products, critical to understand the needs and expectation of users, business requirements and gain clear idea of what the product is headed for.

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We are applying to for MIT to expose our business to investors so that:-

Digital Banking services shall play increase economic transformation of in urban and rural setting, a global universal, Majority of affecting people living in rural areas of rural communities especially developing countries have limited access to financial services such as savings, loans, cash withdrawal, deposit, transfers, send and receiving money etc, because commercial banks and microfinance institutions, are unable to reach remote areas.

Bring entrepreneurs struggling to make small businesses grow and sustainable in connection with banking services, so that theses populaton work tirelessly to secure a reliable income, Lack of access to financial services in range of productive (asset building, working capital and protective (mitigating risk exposure, including health health) business stock, equipment, agricultural inputs, infrastructure to foster marketing goods and services, reliable transactional services to send and receive payments, lack of capital income to cover investment in education/ shelter/ health or deal and emergencies.

Make Banking services overcome poor infrastructure, low population density, small transaction sizes and risk prone returns in agriculturally concentrated economies to deliver these banking services in these rural areas resulting to poor standard of living and economy of scale. financial institutions lack expertise to digitize banking services or make them access for rural clients are limited by long distance, high transport cost, lack of banking availability, low literacy, lack of confidence in using digital technologies. Besides lack, infrastructure to develop effective digital financial services, product, and channels and process that can sustainable reach and serve the most marginalized groups.

Overcome regulatory requirements affecting banking services not domesticated in rural to promote digital banking in rural communities, these will make banking services not reaching rural communities on sustainable basis.

Address cyber vulnerabilities, whose weakness is exploited by cyber criminals are continued and growing threat for all businesses in the digital era, including rural businesses by solving through cyber security training and digital security practices,

Solve the challenges of Lack of resources and technical expertise establish digital banking services for the rural communities to be addressed training and IT technical assistance for effective business operation and, Lack of man effective man power to compliment digital service for provision of quality service in violation of internal controls in rural communities to be addressed through training of employed team and partners.

Harness stakeholder’s cooperation for norms and practices for expansion of banking services, lacking because of technical, bureaucratic advices and design communication messages and, compliance with regulatory process for effective digital banking operation

Address socio-cultural barriers, cultural system, practices and structures in communities, affecting expansion of banking services in rural areas through awareness and consultation.

The solution provides:-

High touch, hi-tech Digital solution connection most rural communities to financial banks and tools providing blend high tech tablet-based banking, high touch approaches and mobile money, operated by agent bankers, mobile money agents high touch users, providing digital financial services, product, channels and process that shall serve most marginalized communities and population.

A digital fundamental innovation (semiconductors, processes, core technologies (computers, electronic devices and enabling infrastructure (internet and telecoms network and digital information technology (platforms, mobile application and payment services); to connect to mainstream banking for increase economic growth.

Apps and software; digitalizing banking services for rural economic growth, development and contribution to GDP, fostered by with services of sending and receive payments, handling view account balances, review accounts activity, important account info and helpful insights for clients and economic performance.

Banking system; using Tablets, Smartphones or Laptop Computer, connecting clients in rural areas to the mainstream commercial and microfinance banks through digital transactions system fostered by internet to guarantee secure, safe and reliable services to in remote rural areas where access to banking services is scarce, reducing risk of financial loss, while positioning clients for full graduation to formal integrated financial institutions from linear institutional structures.

The model is circumventing poor infrastructure, low population density, small transaction sizes, risk prone returns in agriculturally concentrated economies, high cost of service delivery in rural through agent banking; that has defeated commercial banks and microfinance accelerating commercialization of banking services in rural communities, through record financial transactions, personal smartcards for members, fostered with training on device use, financial literacy, Banking direct to formal financial institution that lacking in rural setting across in the country and the globe, with smart point of sale devices (POS); resulting to resilience of rural economy sustainably.

The app will offer real time financial transactions, reducing complexity in banking for rural population in convenient fashion resulting to increase motivation, increase turnover and increase clients financial performance through portfolio increase, because of reduce cost of travels for banking centers based in urban centers, ushering increased working capital lacking among rural population for enterprise performance and family welfare

comprehensive financial management information system provision offering mobile application to Clients, multiple payment channels i.e. mobile money, bank agents and banking halls, Save/ payment from anywhere at any time, real time view of transaction as they are made, Real time reconciliation between members, banks and institutions, highly built report center and customization chart of accounts (financial statements), central place for managing shares, savings and loan repayments, Individual member statements increasing efficiency, transparency and accounting in lacking in current traditional banking system.

Small operational cost budget of banking services that makes it cost effective in terms of operational and management cost, compared to mainstreaming banking; establish in particular area or communities, because of one or two manpower needed to run the system, saving cost, been invested in creating business, making more capital available and investment in the banking sectors.

The Business  will in 12 pilot Rural Banking App among 300 clients in Rural communities of Northern Uganda within 12 months of business, by:- Develop financial App, consultation, profile participants, partnerships members, partnership, training, conduct pilot and Assessment on outcomes, this will be achieved through:-Advertising on traditional and digital media for business dissemination to wider population, Stakeholder’s engagement on awareness and public acceptance, enroll beneficiaries on business to participate on the business

The piloting will result to full implementation in over 5 years to achieve the following goals of the business:-

Goal 1: Increase in savings, loans, cash deposit, cash transfer, dividends among rural clients through to digital baking services support personal, family needs and preference and enterprises

Goal 2: Increased investment by clients and replicated in communities; due to increase savings portfolio expanding and scaling to serve needs and preference of customers, increase production and productivity resulting to food security and poverty eradication.

Goal 3: Increase income among households resulting to improve family welfare through Jobs creation in farming, small and medium enterprises and indirect jobs (e.g. brokers) along supply chains, ending unemployment and social problems.

Goal 4: Improved rural economic growth in rural communities; with supply chain connection with urban town, cities and regions, with taxes are paid to government for social services resulting to improved quality of life.

Goal 5: Increase digitalization of financial services in remote rural communities through agent banking and mobile money ending financial lose, improving performance and investment increasing for business boom, resilience and sustainability against business volatility.

The above goals, will be achieved by:

Leveraging business team to become leader in the market while navigating merger, acquisition or IPO for business resilience

Develop business system level change that are resilient to over client problems a local, national global leader financial intermediary entity

Renewed services tailored to meet customer needs and preference recognized as top solution to shifts in the market 

Successfully handling dramatic growth shaped by services/ products that are recognized as top in the industry

Create best partnerships for distribution, marketing, growth in multiple markets, with have clear line of sight to industrial dominance

Shape business model to a rapidly growing month, quarter and annual with path to profitability and revenue meeting or exceeds investor’s targets for multiple years.

Grow customer base that will accelerate month to month marketing with unit economics that are strong for multiple market or customer segments

Flexibility in investment agreements that guarantee transition to full independent growth upon settling; investor’s principle investments including profits in the business.

Monitoring and evaluation of the business will conducted using Software Performance Monitoring Tool (SPMT) Complemented with theory of change in a bid to measure, assess, track outcomes and impacts, learn and adopt recommendation for future actions, this will be judged, against activities against business goals, objects, indicators, activities, assumption outcomes and impact in context of the business design. Staffs, Board and stakeholders will monitor from the field, with participation of pilot clients, stakeholders, investor, partners and government (Local and National Government).

Clients selection will be based on using random sampling techniques, with 300 clients, monitoring indicators shall include:- 

Rural Banking App financial App Designed and is in place, 

Number of clients enrolled to participate in testing Rural Banking App, number of Commercial Banks and Microfinance partners in place,

Number of Banking Agents and money lenders trained, 

Number of clients Profiled for Pilot Studies, 

Number of Clients participating in Piloting Rural Banking App 

Number of Assessment and evaluation conducted on Rural Banking App

Number of economic activities rising

Number of people lifted out of poverty

Number of social amenities in rural areas 

Number of social services expanding in rural areas

implementation will be used for monitoring the business.

Our theory of change (TOC) will test assumption, success, outcomes and impact link between theory of change (TOC) and outcomes and impacts. Data from the field will be collected through:-

Human-centered research, facilitated, open ended interview that allow for deep understanding of client experience in the pilot especially useful for identifying previous unknown areas of impact for the business regular

Client data capture, client data captured shall be to reported against goals and targets of for example studying clients enrollment, economic performance, level of satisfaction and quality of life (in %).

Comparative impact studies: in partnership with commercial banks and consultants, the business will use rigorous, multi-year studies to measure the impact of service on the target clients, for example three year study of client comparing clients with non-clients confirmed that client’s access services increase by a percentage. Assess the investment will increase in revenue, investment and economic performance. The desire is to measure outcomes, feedback will gathered, lesson to enhance results with impact assessment with learning process

Data shall then be used to formulated report as bench mark assessment report by consultant in during final evaluation using evaluation, interview and focus group tools including field reports, for collection of data on outcomes and impacts of the business, while emphasizing viability of the pilot for scaling and replication to new clients, geographies, multiple markets based in in regions, national, regions and the globe. This will compared with non-beneficiaries not participating in the business to establish the difference between two groups of beneficiaries.

Analys is of data will be conducted through triangulation, with coding, meaning and interpretation allocated to get findings, conclusion and recommendation to enrich report. The report will be evaluated consultant, Board, staffs, stakeholders, beneficiaries), with final report shares with the donor, Partners and the public

The Theory of Change (TOC) is for Rural Banking App increase banking services, end loss of monies and improved rural economy connected to mainstream banks digital transactions system for secure, safe and reliable banking services to the remote rural communities. This will be realized on 2 pronged stages 1) piloting, 2) full implementation will be guided by Piloting of Rural Banking App among 300 clients in rural communities of Northern Uganda within 12 months of business period and Full implementation is based on 5 goals shaping:

1. Increase in savings, loans, cash deposit, cash transfer, dividends among rural clients according to client’s needs and preference.

2. Increased investment opportunities for clients and replicated to increase investment portfolios expanding and scaling to serve needs and preference of customers for rural economic growth.

3. Increase income among households through Jobs creation in context of enterprises and indirect jobs along supply chains to end unemployment and social problems in communities.

5. Increase digitalization of financial services in remote rural communities accelerating business performance and investment increasing overcome volatility in business cycle.

The Design of Rural Banking App financial App, Testing Rural Banking App among 300 clients, Partner with Commercial Banks and Microfinance, Training Banking Agents and money lenders, Profiling 300 clients for Pilot Studies, Piloting Rural Banking App among 300 Clients and Assessment and evaluation of Rural Banking App

The impact will be Leveraged through, posing the business team, become leader in the market while navigating merger, acquisition or IPO for business resilience, Develop business system level change that are resilient to over client problems a local, national global leader financial intermediary entity, Renewed services tailored to meet customer needs and preference recognized as top solution to shifts in the market,  successfully handling dramatic growth shaped by services/ products that are recognized as top in the industry, creating best partnerships for distribution, marketing, growth in multiple markets, with have clear line of sight to industrial dominance, shaping business model for path to profitability and revenue meeting or exceeds investor’s targets for multiple years, grow customer base. that will accelerate month to month marketing with unit economics for multiple market or customer segments, Flexibility in investment agreements to guarantee transition at the investor end time

Monitoring will rely these Indicators:-

Rural Banking App financial App Designed and is in place, 

Number of clients enrolled to participate in testing Rural Banking App, number of Commercial Banks and Microfinance partners in place,

Number of Banking Agents and money lenders trained, 

Number of clients Profiled for Pilot Studies, 

Number of Clients participating in Piloting Rural Banking App 

Number of Assessment and evaluation conducted on Rural Banking App

Number of economic activities rising

Number of people lifted out of poverty

Number of social amenities in rural areas 

Number of social services expanding in rural areas and

Number of Assessment and evaluation conducted on Rural Banking App.

The Banking App that will make private banking for population in Rural area in developing, mid and developed nations, connecting with customers across the globe; ranging from tier one banks to neo-banks. service provision to large processors, e-commerce giant to start-up merchants and government bodies; using tablets, smart phone and touch comprise cutting-edge banking, commerce and mobility solutions including digital, send and receive payment process, fraud management, financial inclusion, transport and smart cities solutions -

The comprehensive prototype personal finance management capabilities give user an innovative, personalized way of banking and managing finances, received and payment feature embedded to any advice, static and dynamic OR support and multiple OR code handling, customer goals blended with loyalty feature to allow financial institutions offer relevant service and financial products for customers to drive business and economic growth

Apps combined in one agile platform in super app environment is complex yet rewarding way of expanding your client offering in rural areas connecting to the mainstream banks in urban centers, with state of art technical knowledge, with confidence of everything and taken to account from trend, behaviors, with responsibilities and liabilities

The app launches on board and maintain large market environments, takes to build business, multi-role app switching between consumer and business, powered by single digital back-end, Integrated chat-bot and speech to test in multi customer service, foster virtual advisor, providing ecosystem service on account, agent banking, mobile money, online system banking, VSLA service, and Loan processing End to end digital processes from contract processing and digital contracts

Digital ID issued via a block chain platform to be used to remotely verify credential to guard against identity and payment theft, White labeled UI/UX templates Payments, transfers, remittance, top ups and withdrawals and,

The App providing service on saving, loans, share, dividends, cash withdraw, cash deposit, cash transfer share send and received money,), inbuilt chart account, teller management messages module and highly built report center to foster complete financial transactions.

The app registration of clients with banks through device connection financial software and web Application, with login process focus on: Click the App login link in (1) above, Go to register entity, Fill the display form, Click submit and Request approved for the institution to start operating in 15 minute. Member Login is through Click App login in (1) above, Input member number, Input pass word, Input Capcha and Click login. Registration process starts with Opening app, Go to create password, Fill your unique code and password, Click submit and; account is created. Member inputs username, types in the password and Capcha No, Clicks Login.

Bank agent, mobile money agents or authorize person puts unique number and password), press login. selects direct online bank deposit or mobile money, using phone number and amount to be deposited and confirms details, select yes, Popup screen shows up on phone screen, put in mobile pin and Money goes to client account through Unique code, Amount, puts in Pin and transactions is completed.

NUEN has human resource, gender and child polices designed to promote diversity, equity and inclusive to promote:-

Diversity: consider a team of people with, Degree and Diploma in Business, Social works, Accounting, Development, ICT, Law, define roles and responsibilities, back by professional consultants, comprised of gender diversity, life experience, none culture bias, local, national and international character, excluding child recruitment and enrollment defined in Uganda child, regional and international laws, regulation and practices. It will also have a team of people with experience, expertise, knowledge and skills, needed to create efficiency and effectiveness in implementation, regardless of tribe, race color, sexual definition, background, or constituencies in range of countries, regions and continents it expands and replicates in multiple communities, this will also be reflected in the recruitment and selection criteria of the team and of women, youth, persons living with disability (PLWDS) and men for business implementation as well as participation process.

Equity: strive to be fair by coming up with polices, regulations and guidelines, that are fair to the team as pertains their life and growth background in terms of education, culture and tradition during business implementation, to the extend that it doesn’t infringe on their rights, obligations and practices in line with local, national and international laws, in the different countries, regions and continents, these too is extend to business beneficiaries targeting poor, vulnerable and marginalization people, disadvantaged by lord’s  conflict inappropriate development policies, climate change, natural disaster poverty, misery and vulnerabilities among others within the principles of “no one is left behind” so that they feel their voices and inputs during participatory process is included.

Inclusion

The business will consider gender balance, special interest, and sexual background, in all aspect of  business team and beneficiaries is an integral of gender equality and inclusion in the business framework as a guide to implementing gender in line with, National Gender policy, Uganda constitution, international laws and instruments, policies and local ordinances at local government, excluding child recruitment and enrollment defined in Uganda child, regional and international laws, regulation and practices. a legal framework and practices that prevents sexual violence, torture, voices which are any conduct, verbal or physical with intent or effect of unreasonably interfering with an individual or group on the basis of race, color, sex, disability, religion, national origin, sexual orientation, gender identity or age is disregarded and is inconsistent with excellence for a free sexual violence and exploitation.

We are using a combination of financial digital app integrated to shape the future of rural economy, connecting with commercial banks in urban centers. where financial app, tablets and smartphones and Agent banking services (ABS) will be deployed to bring remote economies it with connecting to services like saving incomes, getting loans, Cash withdraw, cash deposit, cash transfer, cash delivery banking, financial literacy and digital account opening with banks. the Digitized system that improves accuracy and transparency, create trust among savers due to accurate calculation, stored records and automated receipt, decreased disagreements, increase moral, more savings, reduce loss of money, improves financial literacy and increased saving share value among others, taking banking services closer to people in rural communities and have been cut out of the mainstream economy that has been a problem.

The business will serve groups, cooperatives, retailers, wholesalers, civil services, organizations and international agencies working in rural communities, rural poor and vulnerable population, conflict displaced population, refugees and host communities disadvantaged by lack of access to financial services offered to customers; through agent banking, linked to commercial banks in rural economy; in mainstream integral banking services, replicable in the country, regions, continents and world economy; thereby increasing banking portfolio in current commercial financial inclusion.

The App will provide safe, secure and reliable services, improved financial performance, efficiency in financial services, increase safe cash storage, cash digitalization, cash transfers and cash delivery to commercial banks through Agent Banking, establish to connect rural economy, to the commercial banking services creating direct connection to mainstream economy on sustainable basis.

The Businesses will be promoted, using commercial marketing strategies to reach ¾ of the target population, in Clients, using ambitious Local FM radio, Online advertising, follow-up, IEC materials and customers care to build portfolio of customers for the business in context of business to customers (B2C) and business to business (B2B) strategies.

Relationship with business involving customers and partners will involve, contract arrangement among actions, collaboration, sharing information, challenges and opportunities in business, innovation and creativity unit working across actors to increase efficiency in the business.

The business will partner will Centenary Rural Development Bank (CERUB), Stanbic Bank Limited, Post Bank Uganda Limited (PBUL), Bank of Africa, Finca Uganda, Microfinance Finance Institutions (MFI) and Association of Microfinance Institution of Uganda (AMFIU), IT and Business consultants as well as local governments, the partners will provide comparative advantage, financial services, agents bank owned by the institution, IT technical support service, Business advice, clarification on norms and practices and mobilization of Clients in rural communities to participate and build resilience of the business.

Revenue shall come from loan interest, members saving, loans portfolio to members, fines against loan defaults, membership fees, interest (loans and savings), partnership payment from the commercial banks; achieved through partnership with commercial banks, training in financial literacy and rolling digital accounts to groups, cash payment will be direct cash-agent payment, digital payment, mobile money payment, and smart card payment.

The business will be sustained through:-

Commercial marketing strategies of services and products customers in rural communities, marginalized and cut from mainstream banking services, this will attract more customers reached, increase customer base and banking market share, as, more income is earned, increasing savings, increases in finance capital for expansion and replication to meet needs of the rural economy, enough to create awareness, enroll new customers and working capital to finance existing portfolio create in the period of 3 years.

There will increase in need provision of services to customers, who are in numbers of clients, community groups, social clubs, operating banking services through expansion in multiple markets, population, regions; with passion and resilience, will be achieved through  partnerships, collaboration and networking with large farmer groups, cooperative with mobilization, influence, resilience and comparative advantage on mutual profitable benefit.

There will be use of savings from communities; as cost share in the business, this will include group formation, member’s mobilization 5% of the savings allocated to support business in partnership, providing addition working capital, savings and access to financial institutions across financial institutions in of the countries.

Access to government funds like Women Entrepreneurship Funds (WEF), Parish Development Fund (PDM), Youth Capital fund (YCF), government fund in parts of target areas, targeting marginalized groups, this will support continuous services to the needy population with this target funding inadequate capital for the business context of contingencies gaps, drawing from; government funding commitment of $26881.7 to the business

There shall be sourcing loans from local banks, Commercial Banks and international institutions to finance key business expansion areas in aspects of training, equipment’s purchase and operation in the third year of the business in local and multiple countries, making business continue to operate as it builds own capital, working capital and accumulate funds towards self-sufficiency and capture market share.

Contributing to accumulative growth of reserves of the business, for future investment capital, working capital and savings for the business, cater for insolvency, loss in business and overcome financial volatility, which could have led to bankruptcy, guaranteeing business and create resilient of the business continuity in context of business cycles.

Leveraging IP strategy and legacy, as model of raising income as it partners with financial institutions and actors in multiple countries; through legal, regulations compliance and practices, with countries of operation, these will enable business success and dominate market share throughout business environment.

Low cost model operation, that will progressively grow and expand business capital and savings through accumulation strategies regularly as the business grows, by adopting small administrative and operational budget, operational cost risks reduction plan resulting to more profits, liquidity, investments and more outreaches.

Progressive allocation of 40% of profits and principle earnings of the business, in the 5 years of start-up, growth, expansion, resilience and commercialization stages leading to break-even of the business resulting to business sustainably functioning, the business becomes self-sufficient, as the business stands alone, at the end of business periods.

The business has created partnership working relationship with Adisoft-investments, a digital computer company in northern Uganda to provide professional computer services in design and development of digital financial app for the business, the arrangement is the moment on contractual basis IT fees payment agreed upon.

The business is working DO business consultants the will be offering consultancy in training, technical support and mentoring support on business growth in all stages of start-up, transition to growth,  maturity and commercialization of our business, these will depend on contractual.

The business has assemble equipment (smart phones, laptop computers etc.) and office facilities for operation of the business covering office and field access to enable conducting pilot services on the viability of pilot that will inform full business implementation while coordinating with the target population selected for the business.

The business has so far profiled 300 clients for piloting the business, realized through mobilization, sensitization, training, leadership establishment, governance rules and regulations has been instituted for participation in piloting business.

The business has in place co-share from the community members and target population in form of mobilization of target population and community, creating of awareness, meeting and training venue, provision of meals (breakfast and food) to the trainers and ensure the group is functioning well context of proper community norms and practices for embracement and inclusion.

Stakeholders to provide clarification on norms and cultural practices to foster target population participation on the business and eliminate risk of business failure by building a culture of ownership and sustainability through business embracement has been established through collaboration and cooperation in the district and Northern regions of Uganda (Lango, Acholi, West Nile ) of piloting the  business. 

The business has in place qualified, experienced, competent, committed team, consultants comprise of gender, youth life experience, culture, national and international character. a team of people with, Degree and Diploma in Business, Social works, Accounting, Development, ICT, Law with defined roles and responsibilities, back by professional consultants for business implementation

The business has $5000 from partners we shall be working with for setting pilot studies financing  business, these has been realized through savings, contribution from business management team towards specific needs and contribution from the partners in the business

The business is in collaboration with Centenary Rural Development Bank (CERUB)Post Bank Uganda Limited (PBUL), Stanbic Bank Limited (SBL), Bank of Africa (BOA), Mobile money agents and Banking Agents in northern Uganda (pilot area) with over 100,000 customers and cash reserve of over $285,714 Cash reserves to guarantee business operation and waning during devolution.