Mobile Microfinance Ltd. (MML) is a UK-based not-for-profit organisation that helps Microfinance Institutions (MFIs) use mobile payment systems.  Most of our work has been in Kenya and Tanzania.

Mobile payment systems can help MFIs by reducing costs of operations, adding flexibility, improving the accuracy of the data, and reducing fraud and defaults. It also helps borrowers by giving them extra time and flexibility.

Over the past year MML has been working with the Small and Micro Enterprise Programme (SMEP), a leading Kenyan MFI, and Safaricom, the main mobile operator in Kenya and provider of payment technology via Vodafone’s M-PESA.

We have been testing the use of M-PESA and documented some of the lessons.

You can read a summary of the project to date by following the Downloads link above.  There is the MML Guide for MFIs for those thinking about using mobile payments, and a presentation about the project at SMEP.  This also explains more about how MML works.

MML would be interested to hear from other MFIs that would like help starting with m-payments.