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Communications and Remittances

Communications and Remittances. Remittance Numbers in 2004 to Latin America (LAC). Amount Transfered : US$ 45,000,000,000 Individual Transactions: 175,000,000 Senders : 65% X 25M LAC-born 16,250,000 Beneficiaries : 100,000,000. Source: IADB/MIF March 2005.

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Communications and Remittances

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  1. Communications and Remittances

  2. Remittance Numbers in 2004 to Latin America (LAC) Amount Transfered :US$ 45,000,000,000 Individual Transactions:175,000,000 Senders :65% X 25M LAC-born16,250,000 Beneficiaries :100,000,000 Source: IADB/MIF March 2005

  3. True Developmentputs first those that society puts last.. Whenever you are in doubt...Recall the face of the poorest and the weakest person whom you may have seen, and ask yourself if the step you contemplate is going to be any use to him Mahatma Gandhi’s definition

  4. Our Project: ALOOO.COM “E-mail for Everyone” A FREE telephone based e-mail system financed by advertisements . A worldwide communication service provider with an innovative business model. Access Numbers Honduras 800-221-3000 Guatemala1-801-00250000 El Salvador(503) 298-0700 USA&Canada 1-800-206-0966

  5. Target Market People that do not have, or do not know how to operate a computer and /or the internet, but need to communicate locally and internationally with friends and relatives, and have access to a telephone (private or public). (Most of them, people involved in remittances.)

  6. How Can an “Email Service” Help Promote REMITTANCES For Development ?

  7. Psychology of the People involved in Remittances • SENDER of Remittances.(Pro-Development) A hard-working , progressive individual , that takes risks for his/her family, wants to buy land / house , save money and more. • RECEIVERof Remittances. (Pro-Consumption) A consumer, that uses remittances as “easy money”, after food and other necessities, buys tennis shoes, TV's, appliances, automobiles…

  8. ..The challenge ahead is to provide these millions of hard-working migrants and their families with more options to use their own money.. They will do the rest. Source: IADB/MIF March 2005

  9. Alooo.com Option No.1 • UsingAlooo.comthe sendercan ask and receive information about his/her bank account balances and movements. Creating trust and transparency on the use of their bank accounts. • A globalized “On demand” banking information system, is one ofthe missing linksin the banking the “unbanked” movement.

  10. Alooo.com Option No. 2 UsingAlooo.comthe sendercan provideinstructions on the distribution, or investment of their money.As an example would be instructing the bank to make investments, savings, debt payments, or expenses. (The alternative: make the money transfer companies change their normal procedures in order to include this additional instructions…very unlikely.) Golden Rule:the money belongs to the sender. “It is Sender's Money”

  11. 1. Help Lower the cost of Remittances. 2. Promote the use ofRemittances for Development 3. Make Collective Remittances accountable. 4. Bring transnational families closer. 5. E-Inclusion of the transnational families. 6. Support Democracy(pilot in Honduras). 7. Help Deploy Remittance Paying Solutions. 8. Many More. Alooo.com Goals

  12. Brief description of on-going projects to achieve these GOALS.

  13. 1. Help Lower the cost of Remittances. 2. Promote the use ofRemittances for Development 3. Make Collective Remittances accountable. 4. Bring transnational families closer. 5. E-Inclusion of the transnational families. 6. Support Democracy(pilot in Honduras). 7. Help Deploy Remittance Paying Solutions. 8. Many More. Alooo.com Goals

  14. Average Direct Transfer Cost US$ 3.2 B(*1) 7%(still high) Communication Costs LAC US$ 350M (*2) Procurement and other MGT. costs US$ 4.5 B(*3) (10%-15% of amount) Remittance Costs (for LAC in 2004) Source: (*1)IADB/MIF (*2) 2-3min calls/tran.X $1,00 (*3) RDS-HN http://www.rds.org.hn

  15. Average Direct Transfer Cost US$ 3.2 B(*1) 7%(still high) Communication Costs LAC US$ 350M (*2) Procurement and other MGT. costs US$ 4.5 B(*3) (10%-15% of amount) Remittance Costs (for LAC in 2004) MIF Alooo Lower Cost Source: (*1)IADB/MIF (*2) 2-3min calls/tran.X $1,00 (*3) RDS-HN http://www.rds.org.hn

  16. Our strategic partner in GuatemalaBanRuralBanco de Desarrollo Rural S.A.Ads say the following:

  17. In Banrural say Thank You For your Remittances, Doesn’t cost Anything.

  18. In Banrural say Thank You For your Remittances, Doesn’t cost Anything.

  19. BanRural in Guatemala 2 Million customers (12M total population) $450M paid In 2004 (22% of $2,681M total)

  20. BanRural in Guatemala Alooo.com Jan. 19th,2003

  21. 1. Help Lower the cost of Remittances. 2. Promote the useof Remittances for Development 3. Make Collective Remittances accountable. 4. Bring transnational families closer. 5. E-Inclusion of the transnational families. 6. Support Democracy(pilot in Honduras). 7. Help Deploy Remittance Paying Solutions. 8. Many More. Alooo.com Goals

  22. A “Lay-away” Real Estate Project that promotes local savings and investments.

  23. To sell land and houses to citizens living abroad. - Person with NO Savings. - Earns Weekly Wages. 2. Alooo.com is the chosen communication platform for the exchange of information between buyers and sellers. Bienvenido a Tu Casa PaisanoGoals

  24. 1.NOMoney Down. 2.Weekly payment ( From $30- $100 ) (Remittances, Direct Deposit to Bank Account etc.) Interest charge/credit may be applicable to payments. Possession of land/house to be transferred in the future (4-6 years ). Use Alooo.com to register payments and to receive feedback from the bank. Bienvenido a Tu Casa Paisano Financing Offer

  25. Promoting Savings from migrant workers into local banks (in origincountry), which implies, MONEY for local development projects, jobs, and prosperity. “Remittances for Development” What are We really doing !!

  26. 1. Help Lower the cost of Remittances. 2. Promote the use ofRemittances for Development 3. Make Collective Remittances accountable. 4. Bring transnational families closer. 5. E-Inclusion of the transnational families. 6. Support Democracy(pilot in Honduras). 7. Help Deploy Remittance Paying Solutions. 8. Many More. Alooo.com Goals

  27. Collective remittances is money raised by a group of migrants that is used to benefit their native community, by funding local development projects ,like water supply, school restoration etc. ( usually for the benefit of their kids left behind). Collective Remittances ?

  28. ManyDonors, that need to be informed individually, of the project progress. Alooo.com’sGroup Management Module allows the responsible person to provide the needed feedback, to each and every one of the donors , bringing transparency to the transaction (Outlook “send to group” equivalent). Collective Remittances Accountable?

  29. 1. Help Lower the cost of Remittances. 2. Promote the use ofRemittances for Development 3. Make Collective Remittances accountable. 4. Bring transnational families closer. 5. E-Inclusion of the transnational families. 6. Support Democracy(pilot in Honduras). 7. Help Deploy Remittance Paying Solutions. 8. Many More. Alooo.com Goals

  30. Project Name: Alooo Video Using their Alooo.comAccount number and Password , transnational family members can watch FREE of charge, 2 minute videos of their loved ones.

  31. http://www.alooo.com

  32. Here, you select the video to watch.

  33. Videos will be held for no more than 60 days.

  34. 1. Help Lower the cost of Remittances. 2. Promote the use ofRemittances for Development 3. Make Collective Remittances accountable. 4. Bring transnational families closer. 5. E-Inclusion of the transnational families. 6. Support Democracy(pilot in Honduras). 7. Help Deploy Remittance Paying Solutions. 8. Many More. Alooo.com Goals

  35. Democracy and Information Democracy needs an information platform to inform citizens critical data needed to exercise his/her right to vote. For example, voters need to know the location where they will vote.

  36. Democracy and Information(pilot in Honduras) On February 18th.-20th.,2005Alooo.comserviced 17,000 (telephone)queries on voters needingthe locationwhere they have to vote. (The number of registered voters in Honduras was 3.8 million , the response time of a query was less than 5 seconds..)

  37. 1. Help Lower the cost of Remittances. 2. Promote the use ofRemittances for Development 3. Make Collective Remittances accountable. 4. Bring transnational families closer. 5. E-Inclusion of the transnational families. 6. Support Democracy(pilot in Honduras). 7. Help Deploy Remittance Paying Solutions. 8. Many More. Alooo.com Goals

  38. In order to work with Remittances for Development, Remittances need to exist in our working environment…

  39. Alooo.com has developed a Remittancepayment solution using BanRural extensive network of remittance companies in the USA. (72+ companies). This application works based on POS(Point Of Sale) equipment or in the World Wide Web. Remittance Payments BanRural

  40. To ID a Person in Guatemala you need : ID NumberAND Last Name To ID a remittance you need: Remittance NumberORFirst Name Authentication Process (In Guatemala): Authentication Process: • 1. Find Full Name in National ID DB • 2. Find Full Name in Remittance DB • 3. Compare Full Names Full Name: First Name, Middle Name, First Last Name, Second Last Name

  41. Payment Option ?1-4 POS Remittance Payments Option 1: ID Number + Last Name + *Remittance Number* Option 2: Reversion of Process No.1 Option 3: ID Number + Last Name + *First Name* Option 4: Reversion of Process No.2

  42. BanRural POS Remittance Payments

  43. Payment Option ?1-4 POS Remittance Payments

  44. ID Number ? POS Remittance Payments

  45. Alphanumeric Data !! POS Remittance Payments

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