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    R E I N V E N T I N G T H E WAY M O B I L E P H O N E S A R E USED TO BENEFIT THE RUR AL POOR Movirtu - GSBI™ Class of 2010 Headquarters: London, UK Established: 2008 Impact Areas: Africa and South Asia Problem Statement: There are 1 billion people in the world who live below the poverty line and cannot afford to buy a phone or SIM but still spend 5-30% of their income on mobile phone services through a village phone, payphone or shared phones. These people have no phone number or identity and

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    R E I N V E N T I N G T H E WAY M O B I L E P H O N E S A R E USED TO BENEFIT THE RUR AL POOR Movirtu - GSBI™ Class of 2010 Headquarters: London, UK Established: 2008 Impact Areas: Africa and South Asia Problem Statement: There are 1 billion people in the world who live below the poverty line and cannot afford to buy a phone or SIM but still spend 5-30% of their income on mobile phone services through a village phone, payphone or shared phones. These people have no phone number or identity and

    Copyright:

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    63 views2 pages

    Movirtu - Public GSBI 2010 - Factsheet

    Uploaded by

    seincsts
    R E I N V E N T I N G T H E WAY M O B I L E P H O N E S A R E USED TO BENEFIT THE RUR AL POOR Movirtu - GSBI™ Class of 2010 Headquarters: London, UK Established: 2008 Impact Areas: Africa and South Asia Problem Statement: There are 1 billion people in the world who live below the poverty line and cannot afford to buy a phone or SIM but still spend 5-30% of their income on mobile phone services through a village phone, payphone or shared phones. These people have no phone number or identity and

    Copyright:

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    of 2

    R E I N V E N T I N G T H E WAY M O B I L E P H O N E S A R E

    USED TO BENEFIT THE RUR AL POOR

    Movirtu - GSBI™ Class of 2010

    Headquarters: London, UK Problem Statement:


    Established: 2008 There are 1 billion people in the world who live below the poverty
    line and cannot afford to buy a phone or SIM but still spend 5-30%
    Impact Areas: Africa and South of their income on mobile phone services through a village phone,
    Asia payphone or shared phones. These people have no phone number
    Type: For Profit or identity and have difficulty receiving calls, messages or mobile
    remittances.
    Sectors: Economic Development,
    Information & Communications Tech-
    nology
    Major Funders: Gray Ghost
    Ventures, DOEN, Grassroots Business
    Fund
    Awards:
    • GSMA Top Innovator 2009 Short-
    listed Changing Lives AfricaCom
    2009
    • TiE50 2010 Top 10 Wireless Start-
    ups
    • MEX 2010 Mobile User Experience
    Innovator of Year
    • PopTech 2009 Social Innovation
    Fellow

    Theory of Change:
    Reinventing the way mobile phones Solution:
    are used, Movirtu enables the rural Movirtu provides a cloud phone system through mobile service
    poor to benefit from always-avail- providers to rural poor, helping people access jobs, reach family
    able connectivity through the use of members and transfer money at a much lower cost than tradi-
    a virtual phone. tional handset or SIM only solutions.

    “By connecting the unconnected, we help people living below the poverty line save $6 per
    month by spending less on travel expenses and bank fees. Their earnings potential also
    increases by $5 a month because of their enhanced ability to communicate. This represents
    up to 20% of their monthly income.” - Nigel Waller, Founder and CEO

    | www.movirtu.com | hello@movirtu.com | +44 20 7043 1131 |


    R E I N V E N T I N G T H E WAY M O B I L E P H O N E S A R E
    USED TO BENEFIT THE RUR AL POOR

    Confidential information has been witheld


    from this public profile at the request of the
    entrepreneur.

    “I share my phone with everyone


    in the village. With Cloud Phone
    everyone can have their own phone
    number and privacy.” - Mili, Saturia
    Bangladesh

    This profile was developed during the 2010 Global Social Benefit Incubator™, the signature program of
    Santa Clara University’s Center for Science, Technology and Society.
    Updated 8/26/2010. www.scu.edu/sts/gsbi

    | www.movirtu.com | hello@movirtu.com | +44 20 7043 1131 |

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