June 14th, 2013
12:11 PM GMT
Share this on:

(CNN) - A groundbreaking new initiative is helping small business owners in Somalia link with donors through a mobile phone money transfer system.

E-Cash, a program backed by charity Oxfam, offers the convenience of avoiding long waits at money changers, and erases security issues that go with carrying cash in the street.

The initiative, which launched last year and already has 2,500 beneficiaries, targets vulnerable communities, such as women whose husbands have left them and who are breadwinners for their families, as well as disabled people.


Filed under: BusinessGlobal Exchange

About Business 360

CNN International's business anchors and correspondents get to grips with the issues affecting world business, and they want your questions and feedback.

Powered by WordPress.com VIP