Updated Apr 30, 2020

Mugabe Janson

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A mobile and web based savings and credit Cooperative Society which provides customised financial services to the most vulnareble communities in Uganda at any time any where using Mobile phones and mobile money which is time and cost effective.

MushanApp is a web and mobile based savings and credit cooperative society which helps unbanked and under banked community to access financial services at lowest price possible, it seeks to promote a culture of pooling savings in very small amounts on a daily basis based on economies of scale, investing these savings in income generating projects which affect poor people directly in a ben...

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MushanApp is a web and mobile based savings and credit cooperative society which helps unbanked and under banked community to access financial services at lowest price possible, it seeks to promote a culture of pooling savings in very small amounts on a daily basis based on economies of scale, investing these savings in income generating projects which affect poor people directly in a beneficial manner. MushanApp can be used globally to pool savings, access credit and pay back loans through Internet and mobile phone using Mobile money which is time and cost effective banking system to the most vulnareble communities in Uganda and Africa at large .

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Stage 4: Transition to Scale

MushanApp is a digital Sacco which is available on google play store https://play.google.com/store/apps/details…
Registered in Ugandain Uganda

Focus Areas:

Economic Growth and Trade, Digital Finance, Economic Empowerment and 1 MoreSEE ALL

Economic Growth and Trade, Digital Finance, Economic Empowerment and Economic RecoverySEE LESS

Implemented In:

Uganda

UgandaSEE LESS

1
Country Implemented In
3,000
Customers
4
Employees
$20,000
Funds Raised to Date

Problem

Access to financial services, including secure efficient banking, is critical to reducing poverty and stimulating sustainable economic growth. And yet, approximately 95% of Uganda’s citizens have limited or no access to banking services. This sector of the population referred to as the unbanked and under banked – is prevented from accessing financial services because of limited physical bank infrastructure and lack of access to electronic infrastructure such as mobile phone banking.

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Solution

Mobile banking has the potential to increase the efficiency of payment systems, reduce reliance on cash, and broaden access to financial services by increasing the accessibility and lowering the cost of offering formal financial services. MushanApp deploys the latest in mobile financial technology to unbanked / under banked people. This unique platform is the catalyst that enables creation of cheap, efficient, and transparent and corruption free payment systems.

Target Beneficiaries

There are 16,408 registered co-operatives, in 2015 alone a total of 1014 new co-operatives were registered majority of them were SACCOs and Agricultural marketing cooperative societies. 95 % of these SACCOs are still using manual system and are our targeted customers; MushanApp seeks to remove barriers such as physical infrastructure that prevent so many Ugandans from entering the formal financial sector empowering them to manage their money more efficiently and effectively

Mission and Vision

Information and Communication Technology (ICT) now drives businesses in a fast-paced world, where competitiveness and customer satisfaction is measured by efficiencies, convenience, delivery speeds and-cost-effectiveness SACCOs cannot escape the hold of ICT over business operations, especially considering that ICT enables businesses to find new ways to drive down the costs of products and processes, in addition to improving-performance.

Competitive Advantage

MushanApp enables people on mobile all networks to access financial services whereas some of our competitors like to MTN Moksash services ignore people who have already established saving groups and limits them to use only MTN lines.

Another Competitor Airtel mobile SACCO limits customers to use only airtel lines, members who have no airtel lines are ignored whereas MushanApp is is open to all Sacco Members using different mobile lines and saving groups which are already established.

Planned Goals and Milestones

We Launched our Mobile App on Google play Store
Funding Goal500,000
Projected Cumulative Lives Impacted3,000
New Implemented CountriesUganda
Recruit3 Management, 4 Board members

The Team Behind the Innovation

Mugabe Janson is the CEO and Founder of MushanApp. He is a finance tech entrepreneur with a with five years experience and holds a degree in information Science from Makerere University and a Diploma in ICT from NIIT technologies India. Ishaka Kanonya is the Co Founder, Operations Director and a lead Developer, he has seven years of experience in developing applications and holds a degree in information science from Makerere University. Natudeda Sharifah is our Finance and Marketing Manager

EXECUTIVE TEAM INCLUDES WOMEN

Milestone

May 2018
New Product Or Service
We launched our Mobile App in May 2018 Down Load MushanApp on Google play store here : https://play.google.com/store/apps/details…
Apr 2018
Recognition ReceivedPENDING
Jan 2017
Funds RaisedPENDING
 
as part of
 NTF IV
Mar 2016
Recognition ReceivedPENDING
Date Unknown
New Country Implemented In
Uganda

Supporting Materials

MUSHANAPP-ELECTRONIC-SACCO-SOFTWARE.pdf