MATT WALLACE - EXECUTIVE DIRECTOR

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MATT WALLACE - EXECUTIVE DIRECTOR @ONOWMyanmar #KyatManager

Transcript of MATT WALLACE - EXECUTIVE DIRECTOR

MATT WALLACE - EXECUTIVE DIRECTOR @ONOWMyanmar #KyatManager

Mimi•  fromRakhine

State,WesternMyanmar

•  Startedabusinesssellingfashionableclothingtoyouth

ONOWhelpeddesign,researchandtest

ONOWprovidedstartupcapitalandmentoringatthebeginning,whenherbusinesswasvulnerabletoshock.

ONOWsupportsyouthinentrepreneurship•  120businessedincubated,launched,expanded•  250+Myanmarpeopletrained

80%ofjobsinMyanmarcreatedinthesetypesofsmallbusinesses.Yet,noindustrydataexists

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BANKS INVESTMENT PRIVATE SECTOR EMPLOYMENT

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INVESTMENT

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ONOWanalyzesfinancialrecords,but…•  Theprocessisslow•  Andnotveryhelpful

2

MostsmallbusinessownersgatherfinancialrecordsBut,therecordsaren’tuseful,because…•  Can’tvisualizewhatitmeans•  Justtrustthecashintheirpocket,butthisis

dangerousbecause...

•  Largelumpsumsinthefuture•  Emergencies•  Missteps•  ExternalShocks…willthreatenanddestroyherbusiness.

2014 2015

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INFORMED BUSINESS

SUPPORT Risk Mitigation for

Microfinance Institutions

ON-DEMAND

SECTOR ANALYSIS Trends, challenges, high-impact policies

FinancialDiaryStudies•  Expensive•  Time-consuming•  Unwieldy

KyatManager•  Easilydistributable•  Standardized

FINANCIAL HISTORY

Credit Indicators, Mobile Money, Financial Inclusion

Mimifoundawaytostart,butshocksthreatenher.Moreunderstanding,andinformedsupport…...thrivingecosystemwithincreasingemployment.

@mattisawallace

@ONOWMyanmar

#KyatManager