Urbanization fuelling the informal sector
Most of the urban centers in these fast growing meta-cities have one very visible trait in common. Each is ringed by dense, ever-expanding squatter communities where large portions of the city’s population—and economy—reside. Squatter communities and shantytowns are now home to 800 million people and are projected to grow by 16,000 people every day for […]
Role of Chamas in informal sector entrepreneurialism in Kenya
Researcher Mary Njeri Kinyanjui shares deep insights from Kenya on how social cooperation and collaboration play an important role in the informal entrepreneur’s business financing strategy. In East Africa, particularly in Kenya, the formation of chama—a Kiswahili word for social group—has helped to enhance group agency and solidarity entrepreneurialism. Individuals collectively and cooperatively form a […]
“Cheap is expensive.”
Mama said something very profound when I asked her which of those kerosene stoves she would purchase for herself, “Cheap is expensive,” she said, making a moue at the low cost imports jostling for space in her kitchengoods shop on the outskirts of Kibra. While the limitations of cash in hand may drive her customer’s […]
Importance and value of Africa’s informal food markets
There’s a new book released by the International Livestock Research Institute (ILRI) and partners — Food Safety and Informal Markets: Animal Products in Sub-Saharan Africa—that probes the complicated world of traditional or ‘informal’ markets in livestock products. Here are some unexpectedly juicy findings: Research by ILRI and partners shows that in most developing countries, more […]
Loyalty cards to incentivitize vaccinations – service innovation from Kenya
We most commonly tend to associate loyalty cards with grocery shopping at our local supermarket chain – swiping the card for the occasional discount on milk or eggs. Now this same concept is being used in an entirely different context in order to lower the barriers for rural Kenyan mums to invest in the time […]
RIP Google BebaPay – Requiem for a cashless payment system
Less than a year after going live, Google is closing down the BebaPay smart card which was introduced as an NFC based cashless payment mechanism for Nairobi’s public transport. Last year, I’d analyzed the context and the operating environment in which they’d launched their service, on hearing the news that they’d been struggling to gain […]
Informal trade is big business in Africa
On my way to Nairobi from Singapore a couple of years ago, I had the opportunity to observe first hand the phenomenon of informal trade between China and the African continent. The energy and excitement of the traders, laden with goods on their way back, was a palpable part of the inflight experience. Today, I […]
Seasons Greetings 2014 and the year in review
For those curious to know more about my year in review, I wrote it all out elsewhere but here’s a snippet: I took the year off to explore those dreams shoved in the back of the closet or gathering dust under the bed. That’s probably one good reason for the silence. You can’t quite put […]
Welcome to the new home of The Prepaid Economy blog
Instead of two separate locations, all my research, fieldwork, analysis and synthesis as well as news snippets covering all aspects of The Prepaid Economy project, systeme D, the informal and rural cash based markets of the developing world will now be available here together with the original Perspective blog. The Research category will pull […]
Human centered design for financial inclusion: Lessons from fieldwork in rural India, The Phillipines and Kenya
Introduction Financial inclusion has become mainstream thinking in economic development. The vast majority of the unbanked live in the developing world, and a significant proportion of this population are rural residents. One can easily surmise, without recourse to statistics, that the bulk of the target audience for institutions seeking to offer them affordable and accessible […]
