The Afro Banking Project Idea.

Published on April 22, 2014 um 16:51

Summary of your idea

The Afro Banking Idea intends to see persons open up Interest earning Bank Products, in the interest of creating interest monies, not for the account holder's benefit per say, but for the interest of generating funding to projects that benefit the communities and that give chances to those that are not lucky enough especially in the rural areas, Slum areas, etc. The project also intends to empower the civil society in deciding which project to be undertaken, and in monitoring and evaluation of the projects that have been allowed to be undertaken, as well as demanding for Transparency and accountability. The Idea therefore intends to appeal for an amicable internal generation of funds to help run social/developmental projects to help governments where they do not have funds to facilitate certain crucial projects, to reduce governmental Borrowing, to reduce on conditional foreign AID, etc.

Expected impact of your idea on sustainable development

The project shall generated huge sums of funds that will be used to facilitate different projects in each African state that will have adopted the idea. There will be continuous funds generation as long as account holders shall continue holding the type of accounts for this purpose. The funds that will be generated shall be used in facilitating projects i.e. from elimination of Malaria, basic shelter projects where slums shelters will be replaced by organised residential estates, healthy facility rehabilitation projects, National Debt reduction projects, poverty reduction projects, among many more projects thus sustainable and healthy development. Therefore, because we have sustainable funds, we shall have various projects running that will help in development and our success shall be from the number of projects handled and the quality of improvement from these projects funded as a result Afro Banking.

Plans for implementation and sustainability

There shall first be a Pilot project where product development shall be done with selected organizations and individuals as customers and partner banks to ascertain the best practices for the success of Afro Banking Project. The customers in the pilot project shall be involved in suggesting the project for which the money should be forwarded and the project team shall be involved in research of atleast 3 projects where the funds should be forwarded. The project shall work with collaborators like MTN Uganda, government departments like URA,KCCA,UWA, and district local governments as well as well established individuals like Sir Gordon Wavamunno, the Buganda Government etc. See more in the product proposal attached.

Your profile

We are a team of two colleagues Patrick Kato and Choumbe Rhoy Erisa. Kato Patrick I am Patrick Kato, 33years old, holding a Bachelor of Arts Honours Degree from Makerere University and a Post graduate Diploma in Project Planning and Management and with over Five years experience in the Banking Industry in relationship Management. I am resilient and highly dynamic and innovative individual with exceptional skills in sales, business growth and customer/client relationship management with relevant experience in banking i.e. bank operations, credit administration, sourcing assets and liabilities and credit proposal writing. Please see Curriculum Vitae attached. Choumbe Rhoy Erisa I am Choumbe Rhoy Erisa, 30years, holding a bachelor of arts in Entrepreneurship and Small Business Management from Makerere University Business School and a Post Graduate Diploma in Project Planning and Management and with over 5years Banking experience.

Stage of Idea

conceptual stage

Your idea has a positive impact on

education, health, food security, poverty reduction, elderly, sustainable trade, cultural diversity , empowerment of women, youth

Kato Patrick Passport Photo

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July 3, 2014 16:51

I am #17. Applaud, guy!