June 14th, 2013
12:11 PM GMT
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(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


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    SOCR? Quiet for last 8 years and just last week it became current, and started new business model. Something huge maybe?
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    I think this is a great idea! The key to business is having the necessary tools to complete business tasks. Being abler to exchange money quickly is only a good thing.

    February 1, 2014 at 5:23 pm |

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