Mobile Transactions is an early-stage company located in Zambia specializing in low-cost mobile-phone-based financial transaction services. Through an open-network technology using small business agents, MT seeks to reduce transaction costs in the Zambian economy, thus raising the income and well-being of poor, widely dispersed Zambians. The company serves mainly smallholder famers, who comprise a majority of the Zambian workforce.

GBF is providing an initial investment to help strengthen MT's management and expand its core agent network, which acts as the distribution platform for MT's services. Long-term, GBF plans to help MT continue to build its agent capacity, strengthen its management, and identify a partner/investor that can strategically assist MT in its plans for expansion. If successful, the project could be highly replicable in other countries.

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Meet the Entrepreneur: Brad Magrath

 

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