Cameroun - Projet de création d'entreprise

Décrivez votre projet en quelques mots

Mymo is a mobile money app that lets you lend and borrow money, manage lending circles (njangi, tontine), get instant loans, and send money.

01.01 Décrivez votre projet en détail

Mymo is a mobile money solution with built-in tools for peer-to-peer lending, lending circle management, instant loans, remittances, and money transfers. It also features credit scoring and a scoring API for compliant businesses, enabling services like installment payments and loans. Mymo enhances financial inclusion and facilitates efficient lending and borrowing for individuals and businesses alike

01.02 Quel est le problème principal que vous essayez de résoudre ?

We are addressing the lack of accessible and efficient credit options in emerging economies. Many individuals and businesses struggle to obtain loans due to the absence of comprehensive credit scoring systems and cumbersome borrowing processes. Additionally, traditional lending practices often exclude those without formal financial histories, leading to financial exclusion. Mymo aims to bridge this gap by providing a digital platform that simplifies lending and borrowing, leverages local lending practices, and offers robust credit scoring to enhance financial inclusion and empower users.

01.03 Dites-nous quels sont les principaux avantages et/ou bénéfices de l'utilisation du produit/service que vous souhaitez fournir par votre projet (au moins 3).

Access to Quick Loans: Users can quickly obtain loans through Mymo without the delays typical of traditional banking processes. Lower Borrowing Costs: By facilitating peer-to-peer lending and lending circles, Mymo can potentially offer lower interest rates compared to formal financial institutions. Improved Financial Management: Users can manage their finances better with tools for tracking loans, contributions, and repayments directly through the app. Building Credit History: Mymo helps users build a credit history based on their borrowing behavior, improving their creditworthiness over time. Convenient Money Transfers: The app simplifies domestic and international money transfers, making it easier for users to send and receive funds. Scalable Business Solutions: Businesses can utilize Mymo's scoring API to make data-driven decisions, enabling them to offer tailored financial products like installment payments and loans to customers.

01.04 Veuillez décrire précisément à qui s'adressera le produit/service de votre projet. Quels sont les bénéficiaires visés ?

Underbanked and Unbanked Individuals: People without access to formal banking services can use Mymo to build a credit history, borrow money through peer-to-peer lending, and manage loans more effectively. Community Savings and Lending Groups: Mymo supports community-based lending circles by automating contributions, scheduling, and loan management, thereby enhancing financial cooperation and trust within these groups. Small Businesses: Through Mymo's scoring API, businesses can access credit scoring data to make informed decisions about offering financial products like installment payments and loans to their customers.

01.05 Quand avez-vous commencé à travailler sur votre projet ?

01/01/2020

01.06 Combien y a-t-il de propriétaires sur votre projet en plus de vous ?

3

01.07 Parmi les autres propriétaires, combien sont des femmes ?

1

01.08 Veuillez décrire le profil des autres propriétaires de votre projet (compétences, expérience, etc.).

Norbel Apono - A software engineer with over 7 years industry experience locally and internationally. (Holds a B. Tech Software Engineering) Glen Amungwa - Marketing, communications and digital creation expert, over 10 years of experience. (Bsc. accounting, Msc. Marketing) Chofor Melian - Experience operations and project management expert with over 5 years industry experince. (Msc. Project Management).

01.09 Si vous avez un site web, une page sur les médias sociaux (Facebook, Instagram, Linkedin...) ou une application, veuillez fournir le(s) lien(s) ici :

https://mymocredit.com

01.10 Quel est le secteur d'activité qui décrit le mieux votre projet ?

g) Services financiers

02.01.01 Mon projet contribue à l'objectif 'Pas de pauvreté'

7 - Tout à fait d'accord

02.01.02 Justification de la contribution de mon projet

Mymo contributes to the No Poverty goal by providing financial inclusion and empowerment to underserved communities. We enable individuals without access to traditional banking services to build credit histories and borrow small amounts of money efficiently. By supporting community savings groups and offering affordable international remittance services, Mymo enhances economic opportunities and reduces financial barriers. Our platform fosters economic resilience and stability, lifting individuals out of poverty through access to essential financial tools and services

02.02.01 Mon projet contribue à l'objectif 'Faim Zéro'

7 - Tout à fait d'accord

02.02.02 Justification de la contribution de mon projet

Mymo strongly contributes to the Zero Hunger goal by fostering economic empowerment among underserved communities. By providing access to micro-loans and financial services, Mymo supports small-scale farmers and local entrepreneurs in investing in sustainable agricultural practices. This helps increase food production, improve food security, and enhance nutrition within these communities.

02.03.01 Mon projet contribue à l'objectif 'Bonne Santé et Bien Être'

7 - Tout à fait d'accord

02.03.02 Justification de la contribution de mon projet

Mymo contributes to promoting good health and well-being by ensuring financial inclusion for all. By offering affordable credit options and financial management tools, Mymo helps individuals access healthcare services and cover medical expenses. This financial security reduces stress and improves overall well-being, contributing to healthier lives across communities.

02.04.01 Mon projet contribue à l'objectif 'Éducaiton de Qualité'

5

02.04.02 Justification de la contribution de mon projet

Mymo somewhat contributes to the Quality Education goal by enabling access to financial resources for educational purposes. Through micro-loans and savings options, Mymo supports individuals in pursuing education and skill development opportunities. However, further enhancements in educational partnerships and targeted financial literacy programs could strengthen our impact in promoting lifelong learning and equitable education access.

02.05.01 Mon projet contribue à l'objectif 'Égalité entre les Sexes'

5

02.05.02 Justification de la contribution de mon projet

Mymo promotes gender equality by facilitating financial inclusion for everyone irrespective of gender, empowering everyone including historical limited groups such as women to access credit, manage finances, and participate in economic activities independently. We prioritize equitable access to financial resources and education, fostering economic empowerment that supports women's rights and enhances their socio-economic status

02.06.01 Mon projet contribue à l'objectif 'Eau Propre et Assainissement'

2

02.06.02 Justification de la contribution de mon projet

02.07.01 Mon projet contribue à l'objectif 'Énergie Propre et Abordable'

3

02.07.02 Justification de la contribution de mon projet

02.08.01 Mon projet contribue à l'objectif 'Travail Décent et Croissance Économique'

7 - Tout à fait d'accord

02.08.02 Justification de la contribution de mon projet

Mymo contributes to decent work and economic growth by fostering entrepreneurship, supporting small businesses, and facilitating access to micro-loans and financial services. We promote inclusive economic opportunities, job creation, and skills development, aiming to build resilient and sustainable livelihoods that contribute to economic prosperity and social well-being.

02.09.01 Mon projet contribue à l'objectif 'Industrie, Innovaiton et Infrastructure'

7 - Tout à fait d'accord

02.09.02 Justification de la contribution de mon projet

Mymo drives industry innovation and infrastructure by leveraging technology to enhance financial inclusion and economic development. Through our platform, we support digital infrastructure, financial technologies, and innovative solutions that improve access to financial services, stimulate economic growth, and promote sustainable industrialization in communities.

02.10.01 Mon projet contribue à l'objectif 'Réduction des Inégalités'

6

02.10.02 Justification de la contribution de mon projet

Mymo contributes to reducing inequalities by providing inclusive financial services that empower marginalized communities, including women, youth, and rural populations. We promote equitable access to credit, savings, and economic opportunities, fostering social inclusion and reducing disparities in income, wealth, and access to essential services.

02.11.01 Mon projet contribue à l'objectif 'Villes et Communautés Durables'

2

02.11.02 Justification de la contribution de mon projet

02.12.01 Mon projet contribue à l'objectif 'Consommation et Production Responsable'

3

02.12.02 Justification de la contribution de mon projet

02.13.01 Mon projet contribue à l'objectif 'Luttle contre les Changements Climatiques'

2

02.13.02 Justification de la contribution de mon projet

02.14.01 Mon projet contribue à l'objectif 'Vie Sous-Marine'

2

02.14.02 Justification de la contribution de mon projet

02.15.01 Mon projetp contribue à l'objectif 'Vie Terrestre'

2

02.15.02 Justification de la contribution de mon projet

02.16.01 Mon projet contribue à l'objectif 'Paix, Justice et Institutions Efficaces'

3

02.16.02 Justification de la contribution de mon projet

02.17.01 Mon projet contribue à l'objectif 'Parteneriats pour la Réalisation des Objectifs'

2

02.17.02 Justification de la contribution de mon projet

05.01 Il existe un grand nombre de clients qui utilisent déjà un produit/service très similaire à celui que nous envisageons de créer.

3

05.02 Le produit/service que nous voulons créer représente un type de produit/service entièrement nouveau

5

05.03 Le produit/service que nous voulons créer pourrait être décrit comme une nouvelle technologie

4

05.04 Le produit/service que nous voulons créer est une amélioration d'un produit ou d'un service existant

4

05.05 Le produit/service que nous voulons créer pourrait être décrit comme une extension d'une gamme de produits ou de services

5

05.06 Le produit/service que nous voulons créer répond à une demande ou à un besoin qui n'a pas été satisfait par d'autres produits/services.

7 - Tout à fait d'accord

05.07 Le produit/service que nous voulons créer est une nouvelle version d'un ancien produit/service

2

05.08 Justification de mon projet

Mymo envisions a financial empowerment platform that scores high on innovation. While existing products serve aspects of our offerings, Mymo uniquely integrates peer-to-peer lending, automated lending circles, and instant loans within a single mobile platform, addressing gaps in accessibility and convenience. This integration represents a novel approach to financial inclusion, leveraging technology to bridge informal and formal financial sectors. By enabling individuals and businesses to build creditworthiness and access financial services seamlessly, Mymo responds to unmet needs in underserved markets, marking a significant advancement in financial technology.

05.09 Qui sont vos principaux potentiels concurrents et qu'est-ce qui vous différencie d'eux ?

MTN Mobile Money - Has a strong mobile money offering covering local sending and profile based loans Orange Money - Has a strong mobile money offering covering local sending without loans. Express Union Money - Has a mobile money offering However, most of these offerings though robust for sending and transactions do not offer a lot of the new components we bring in advanced credit management, advanced mobile app, peer-2-peer lending management etc...

10.06 Menez-vous des actions au sein de votre communauté pour promouvoir le rôle des femmes entrepreneurs ?

Yes, since starting to work on projects I have actively involved women without any bias, all our operations roles since inception of our project has been handled by 3 different talented women.