Day 75 of results from mchek and Grameen Koota pilot. Microfinance borrowers outside of the pilot are asking for SIM cards because they know their money will be safe when electronically accessed via mchek on their sims. Members are also demanding additional merchant and bill payment options via mchek such as utility bills and mobile recharge. Those will be introduced soon.

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This mother and daughter pair, Sahin and Asma, are both Grameen Koota members. In this interview they talk about what they see as important benefits of mchek for Banking: 1) Security and 2) Ease and speed of transactions. In addition to being a Grameen Koota member, Sahin hosts many other GK group meetings in her home, not just her own group. Sahin and Asma are not part of the GK pilot yet, but other groups who meet in their home are in the pilot. Sahin especially likes the ease and speed of mchek transactions because the mchek meetings go much faster than cash-based meetings and the people clear out of her house sooner!

mchek & Grameen Koota - Mobile Banking Pilot for the Bottom of the Pyramid, using innovative mobile technology and scalable business models. Join us in transforming India. www.mchek.com

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In this interview, Sahin and Asma talk about what additional services they want to use mChek for. Bill payments are a big pain now because of standing long hours in the queue and dealing with haggling auto drivers and other people in line. They would see a huge benefit in paying bills from home via mChek on the mobile phone.

Results and anecdotes from the first 15 days of the mChek and Grameen Koota pilot. User experiences emphasize the benefits of a savings account and electronic money, especially when compared to the risks of holding cash.

mChek on Airtel Mobile Money Transfer Advertisements with Vidya Balan and Madhavan. Subtitled in English. Sign up - www.mchek.com

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