In November 2009 the Consultative Group to Assist the Poor (CGAP) and the Financial Sector Deepening Trust Kenya (FSD Kenya) provided a total of USD 540,000 to Mobile Ventures Kenya Limited (MVK) to enable MVK to pilot an innovative savings product delivered through the mobile channel. The product is Jipange KuSave (meaning “plan or organise yourself to save”) or JKS.
a summary of lessons learned; evaluation of the hypothesis that financial services could be sold with little or no human contact; an analysis of other hypotheses, assumptions and identified risks and how these played out over the lifetime of the project; and an assessment of whether the project represented a good use of donor funding.
Coffey International. (2012). Using credit to grow savings: Results from a mobile pilot in Kenya. Nairobi, Kenya: FSD Kenya.