About the DataHack4FI innovation competition in Rwanda
Entries for the Rwanda DataHack4FI country competition are now closed.
Our DataHack4FI innovation competition in Rwanda took place on 25-27 November 2016 at Hotel Des Mille Collines in Kigali. The competition aimed to develop innovative data-driven digital solutions to advance access to financial services for low-income individuals in Rwanda.
Competitors were given access to datasets and asked to develop a prototype or concept with guidance from data scientists and technical mentors, to win a chance to represent Rwanda in the finals of the DataHack4FI competition in May 2017.
The DataHack4FI competition in Rwanda forms part of the pan-African insight2impact (i2i) DataHack4FI competition series that brings together the brightest minds in Africa to come up with data-driven solutions for financial inclusion.
The competition partners included i2i, Access to Finance Rwanda (AFR) and ICT Chamber.
i&M Bank Rwanda head of product development and transactional banking services Faith Kobusingye shares her experience with Fintechs in Rwanda.
Meet the teams from Rwanda
1st place: HelloJob from Manwyi Ltd connects technical workers to people looking for contractors and skilled tradespeople. Burst pipe? Rain pouring through a hole in your roof? This online market place takes the hassle out of finding someone to fix your problems. Accessible to workers either via SMS and USSD in Kinyarwanda, or online in English, this ‘sharing economy’ solution creates a digital track record for both workers and employers, as well as a financial footprint that may one day lead to credit scores.
2nd place: UPlus aims to make MTN, Tigo and Visa work seamlessly together using a new digital platform for social contributions, savings and investments. Whether you are fundraising for a wedding or planning a church event, social media links to the platform and automates savings. UPlus is currently being advised by Bank of Kigali and AB Bank.
3rd place: Kuzi from Team MVEND, turns a member of a savings group into a mobile money agent and moves cash from vulnerable boxes to secure banks. Kuzi will make it quicker and easier to request a loan between group meetings and, in time, will create digital footprints that could eventually become credit scores for savings group members. There are already 500 savings groups using USSD from mobile phones and an online app in a collaboration with Catholic Relief Services and Access to Finance Rwanda. The team is being mentored by MTN Rwanda.
Agri Predict, from data analytics company Gold, uses 18 indicators to predict harvests for cooperative farmers. This can be used by banks to assess applications for bridging loans. They hope to collaborate with insurance companies too.
Agri GO, from GO Ltd, want to empower smallholder farmers with farming data and information to maximise their harvests. Using SMS and USSD to deliver tips and answer questions, they hope to partner with UAP, one of the biggest agri-insurance companies in East Africa.
Cartix, from Exuus Ltd, uses a data mapping platform to help savings groups ensure error-free data collection through a mobile app. Over 20 NGOs in Rwanda already use it for data mapping VSLA model savings groups.
Insure Me, from Evolve Ltd, aims to make finding insurance cover quick, easy and transparent. Using an online portal and a USSD app, this price comparison service could spread insurance to more people by taking away the hassle factor and shaking up the brokerage industry.
eShuyra, from Skyline Digital, is a digital payment system for garbage collection and private security
services. A web app and mobile USSD would remove the need for fee collectors going house-to-house to collect cash.
ABSD, from AbSD Ltd, helps small and micro businesses collect accounting data at the point-of-sale, boosting possibility for analysis and data visualisation. Fifty small businesses across Rwanda have been trialing this freemium subscription service in French, English and Kinyarwanda.
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Who was behind this competition in Rwanda?
insight2impact (i2i) is a resource centre that aims to catalyse the provision and use of data by private and public sector actors to improve financial inclusion through evidence-based, data-driven policies and client-centric product design. Visit i2ifacility.org for more information.
Access to Finance Rwanda (AFR) focuses on stimulating financial sector development by partnering with financial institutions and other stakeholders to increase access to and use of financial services in Rwanda. Visit afr.rw for more information.
ICT Chamber brings together ICT associations, businesses, groups and individuals into a community where they can share ideas on how to promote and develop Rwanda’s ICT and ICT-enabled industries. Visit ict.rw for more information.