A joint 100 Million Project Commitment made between DreamStart Labs and the Mifos Initiative, "Mobile Technology for Savings Groups"

1. Mobile Technology for
Savings Groups
The 100 Million Project Challenge

2. The 100 Million Project
• Joint initiative to help 100 million
families lift themselves out of poverty
• Each year organizations dedicated to
this goal make public commitments
to deliver new innovations that
produce tangible, measurable results
• 2016 commitments will be announced
at the 18th annual Microcredit Summit
in Abu Dhabi on March 15.
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3. • DreamStart Labs and the Mifos Initiative have teamed up to create a
joint commitment for 2016
• We will deliver a new mobile technology solution to help member-
owned savings groups and the organizations that support them
• We are currently looking for a strategic field design partner to join us
• The ideal partner will be an organization that supports a significant
number of savings groups in developing countries
• This partner will work closely with us to identify 8-10 savings groups
who can serve as pilot customers and help us design the right product
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4. Why Member-Owned Savings Groups
We believe member-owned savings groups
can be a highly effective onramp to financial
inclusion for millions of underserved people
who currently have little or no access to
financial services. While there are a growing
number of technologies available for
microfinance institutions, very few solutions
are available to help savings groups and the
organizations that support them.
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5. About DreamStart Labs
• Tech startup founded by Silicon Valley veterans to help people break
the cycle of poverty through entrepreneurship
• Spent several years running award-winning micro-enterprise
organization in Africa, so we understand the needs first-hand
• First product will be DreamSave, a free smartphone app that makes it
easy for member-owned savings groups to keep records, manage loan
payments, and track financial goals
• Companion DreamSave Connect service will allow members with
traditional feature phones to track their financial goals at any time
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6. About the Mifos Initiative
• Launched by Grameen in 2006, now an independent technology
non-profit delivering cost-effective software for financial inclusion
• Mifos X is the world’s most widely deployed platform for
organizations providing financial services to 2 billion poor and unbanked
• Open platform supports a wide range of third-party apps and can be
run in the cloud or on a local server
• Mifos will serve as back-end of our joint savings group solution,
collecting and analyzing data from DreamSave users in the field
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7. DreamSave™
The easiest way for
member-owned savings
groups to manage records,
increase engagement, and
improve outcomes
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8. DreamSave™
Smartphone app
designed to run on any
Android device
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9. DreamSave Features
• Enforce group constitution
• Manage membership
• Simplify meetings
• Automate member loans
• Track personal goals
• Keep records with ease
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10. Member Personalization
• Personal profiles for each member
• Photos and audio names
• Built-in security and privacy
• Demographic information
• Individual credit score data
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11. Personal Goals
• Members who set tangible
goals save far more
• App helps set realistic goals
and determines payments
• Goals may be family or
business related
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12. Gamification drives engagement and encourages
savings and goal achievement
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13. DreamSave Connect™
cloud service will allow
members to get savings
and loan information
anytime via feature phones
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14. Helps End Users
• Simplifies meetings and reporting
• Drives engagement
• Builds personal credit history
• Empowers through mobile technology
Helps Supporting Organizations
• Simplifies data collection
• Builds reports and tracks progress
• Improves outcomes through data insights
DreamSave
Savings Groups
Organizations Supporting
Savings Groups
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15. Strategic Field Design Partner
• Shares our vision for helping people
break the cycle of poverty
• Supports large number of savings
groups in developing regions
• Able to provide 8-10 pilot savings
groups to help design and test solution
in “rapid prototyping” model
• Supportive of field visits from
DreamStart Labs and Mifos teams
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