Microfinance Institutions and Mojaloop: Lessons from Myanmar

Tuesday October 20, 2020
12:50 PM UTC

Session Leads: Paul Luchtenberg, Steve Haley (@stevenhaley1)

Session Description:

UNCDF and ModusBox have been implementing a Proof of Concept for enabling Myanmar microfinance institutions to participate in a industry owned, L1P aligned payment system. We are about to initiate the next phase and would like to present the lessons from the project thus far.

Session Slides: https://github.com/mojaloop/documentation-artifacts/blob/master/presentations/October%202020%20Community%20Event/presentations/UNCDF%20Myanmar%20%20MBX%20-%20Convening%20Presentation%20-%20MFI%20Integration%20Platform%20v7.pdf

Session Recording: https://www.youtube.com/watch?v=fU-PooesRCY&list=PLhqcvNJ3bJt7U8ab05ayGv16-6n5jZOH2&index=17

Please post questions, suggestions and thoughts about this session in this thread.

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Great example of the innovation pattern:

Empathy for Problem -> Sticky Solution -> Revenue Model -> Scale

Really empathize with the core problem before thinking about solutions; once you have a solution that stakeholders value, you can think about a sustainability and revenue model; only then, think about scaling the solution. The order of these steps is important to success and the steps are so often taken in the wrong order. This project is a great example of how to bring stakeholders to designing their own sustainable, viable solution to the core problem they all share. Well done!

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Thanks for the support and patience on this dream of ours Miller - took us a while turn intuition into reason

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