India: Mobile Technology Empowers Women, Enables Wealth

12 Nov

“Across the board, nobody wants to do accounting,”  said Shivani Siroya, founder and CEO of inVenture, a global credit scoring company. ”It’s difficult or  they’re lazy or they don’t see the purpose.”

Her company, currently working in India, is trying to change that with a product called InSight, an accounting tool that works through SMS to help low-income individuals and business owners do basic accounting and financial tracking. Within 15 days, the tool creates a unique credit score and links qualified users to various financial institutions to help them obtain capital, such as personal loans or insurance.

via Mobile Technology Empowers Women, Enables Wealth | Benevolent Media | Celebrating Storytelling and Design for Good.

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