Mobile Layaway Programs: Helping to Make Investment Possible

By Katie Brigham Innovative new technology oftentimes has the ability pay for itself  (and more!) over time. For example, KickStart’s low-cost irrigation pump has the potential to move African farmers away from a dependence on “rain-fed” agriculture, and allow entrepreneurial farmers to make money as they take greater control over their crop production. However, for the extremely poor, saving enough money to make an investment in a new technology such as a KickStart pump is highly improbable. Consider the fact that out of the 2.5 billion people living on less than $2 per day, only 10% have access to a bank account. This…