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MaTontine

3rd prize

Country of deployment

Senegal

Category

M-payment

MaTontine seeks to solve the problem of how to provide financial services like small loans to the poor, based on an old non digital system called Tontine (in French) organizing rotating savings and credit inside a small group of people (colleagues, friends, neighbors…). The innovation is to build a digital platform that automates this whole process and incorporates a credit scoring system in order to facilitate small loans and other financial services like micro-insurance based on the credit score of the group members.