Finance and Information Platform for Everyone “ Establishing a new Bank model in Mozambique ” 29 Feb 2016 Microfinance Training Nippon Biodiesel Fuel co., ltd.(NBF) Makoto Goda Makoto_Goda@nbf-web.com 1
General Information NBF ADM Name: Name: Nippon Biodiesel Fuel, Co., Agro-Negócio para o Desenvolvimento de Moçambique, Lda CEO: Makoto Goda CEO: Makoto Goda Established date: 21 January 2000 Investor: Nippon Biodiesel Fuel, Co., Ltd Activities conducted in Mozambique: Established date : Research on efficiency and 12 March 2012 sustainability of jatropha biofuel Capital: conducted with The University of 45,500.00 USD Tokyo and UEM funded by JICA - JST ( 2010 ~ 2017) No. of local staff : 40 permanent staffs (in April 2015) 2
Three main activities. Working together with Mozambican people in order to improve their livelihood on their own and to VISION establish a society which is able to develop sustainably. Kew LOCAL PRODUCTION & LOCAL CONSUMPTION MODEL word Energy Food Finance Area Installing elect Supplying or ctri ric mon oney organic Supplying bi biofu fuel mad ade of of system to KIOSK shops in ferti ertilizer made from Jatr Ja tropha for generators rural area. Jatropha seed cake. and maize mills in non- Using Electric money for Purchasing rice Contents rice from electrified villages. purchasing cr pur crop ops. rural farmers. Recording li Commercializing and life log log of farmers. Selling them locally. F/S: NED Participating G8 New Pilot: JIC NEDO (US$ 1.3million) JICA (US$ 0.5million) with Relation Research: JIC Alliance for Food Security NEC in 2015 JICA ・ JST With & Nutrition. (US$ 4million) Gov. 3 Pilot: AECF (US$ 1.5million)
Finance 4
We try to integrate good points of Mobile Money and good points of Commercial Bank. 5
Our target is the peoples who don’t have financial access. Now is the time to change lives of 3billion people!! 6
First target is 12 countries • Our telecommunication partner Vittel(parent of Movitel) has almost 300 million customers. • Our target is to have more than 300 million customers in 2020!!! 7
Our Team • Yoshio Hirako: Ex-President of Bank Mutiara. Ex-exective director of AEON Financial Service. • Tomoko Ogura: Ex-senior Officer of MUFG. • Masaki Miyauchi: Ex-senior officer of Nomura securities. • Stuart Greenberg: Ex-exective vice president of Fidelity. • Haruko Fukuda: Ex-chairman of World Gold Council. 8
Location Muidumbe Macomia Meluco Quissanga Montepuez Ancuabe Balama Chiure ☞ Cabo Delgado Province ☞ Operating in 8 districts (April 2015): Ancuabe, Balama, Chiure, Macomia, Meluco, Montepuez, Muidumbe e Quissanga ☞ Main site: Administrative post of Bilibiza 9
Why?? • Why an energy company establishes a new bank???? (delivering biofuel) (sea view from office) (nursery with BaoBab trees) 10
Planted trees for biofuel(2012). Mobilization of farmers Multiplication of seedlings Distribution of seedlings Agrarian technical assistance Number of clubs: 75 Members : 6,000 Distributed seedlings: 801,000 (until 2015) 11
Generated electricity by biofuel for non-electrified villages(2012) 12
Problem! Villagers didn’t have any electrical equipment……..( ´・ ω ・ `) (2012) 13
Opened KIOSK to provide electrical services: refrigerators, ice makers and lanterns.(2012) (Generator) (Generator and Lanterns) 14 (KIOSK) (Refrigerator)
New Problem!!! Cash fling out from shops!!!! Almost 30% loss( ´・ ω ・ `)!!! (2012) We had discussed with shop keepers and conclusion was….. 15
Because of witch???fairy(; ´ Д ｀ )?????(2012) （Ｃ） Vlad Sokhin 16
Beyond Witch and Fairy( ｀ー´ ) ノ . Installed e-money and tablet POS system(2013) 17
Gap came down to less than 1%(*^^)v 18
Though we didn’t expect it, We found a big amount of deposit in their e-money accounts(2013). 19
• Villagers told us that they don’t have any place for “ safe saving ” and they do need a place for “ safe saving ”. • Without our services, they have to dig holes to hide their cash. 20
No Electricity No Bank • 70% of population(18 million) is living in rural area. • Only 1.7% have access to electricity in rural area. 21
We have Mobile Phones!! • Even without national grid, our partner Movitel has started their mobile phone services from 2012 and is still an only provider in rural area of Moz. Money is System. System of credit and clearing. Not currency. “Stone “ “Tally” Stone Money of Exchequer Tallies of “Mobile Phone” Yap England Mobile Money of 22 Mozambique
Mobile Money has big impact! Still have some points to be improved. • It’s for money transfer. • Not for saving, not for lending. • Less than 3% of Mobile Money is used for usual payment at real shop. • Without POS system Mobile Money cannot record contents of consumptions. • Mobile money servicers cannot lend money (in Moz). • Hence, money of the people is still sleeping under the ground not flowing into society. 23
Establishing a NEW BANK • We have agreed to invest together with Movitel and FARE(2015). • Movitel is Vietnamese Gov. • FARE is Moz Gov. • We will apply for commercial bank license. As microbank license doesn’t allow us to open saving accounts at least for first 6 months. Micro Banks are expected to start from lending. 24
Concepts • Saving first and lending next. • Commercial banks never lend money without checking companies financial statement. Banks know how much sales come in and for what they use money. • It should be same for rural farmers. • Firstly we record how much and from what they earn and for what they use. • Secondly we do scoring. • Thirdly we decide credit for each. 25
Collaboration with Micro Finance Institute • We can provide individual information. • What kind of crops the farmer grow, how was production quantities, how is his credit score etc. • We can provide settlement system for rural area. Staffs of MFI don’t need to visit when customers refund well by using mobile phones or NFC. 26
Sales example of a shop Planting season Harvest season 4% 7% 28% 39% 31% 2% 48% 15% 16% 9% Convenience goods Communication Other Food Drink 27
Our Fintech solutions 28
Off Grid Bank window New bank will open bank windows in rural villages. 29 Solar panel Equipment charged by solar panel
Easy to use with NFC and Mobile Phone Operator in rural areas Tablet, Card Reader Writer and NFC Card 30
Open API Developer Finance and Information Platform In terms of the application used for the platform, API for system development is opened. The platform is available for various sector’s companies New Bank Our Client Tablet & Application Tablet Finance & Information Platform App Application Card Reader/Writer M M M Service windows Cellphone or NFC KIOSK KIOSK KIOSK KIOSK KIOSK KIOSK Agencies Farmer 31
Finance and Information Platform For don onors For KIO KIOSK • Provision of special accounts for the project • Purchase order and the delivery of merchandises • Information provision for the selection of • Simple POS system + settlement services beneficiaries →automatic provision of credit for loans + • Provision of monitoring information to show settlement of repayments of principals and changes of beneficiaries’ lives after the interests project • Sales of agricultural inputs • Provision of settlement services only at • Having stocks of mobile phone vouchers and sales specific shops and only for selected items For Farmers For Agr gribusines ess • • Database of the purchased crops and the Provision of the latest purchase prices/ quantities amount of purchase of crops • • Provision of information about purchased Provision of information related to amounts and stocks of each purchase transaction history of crops location • Postal service (delivery) 32
Partnering with United Nations from 2015 9,000 farmers are using 33
For community development • Safe saving itself has value. • Our Bank doesn’t pay interests for individuals but for society. • Ex. 1% for school, 1% for village, 0.5% for district, 0.5% for province, 0.5% for scholarship etc. 34
Thank you!! Obrigado!! ありがとうござい ました !! 合田 真 Makoto Goda 35
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