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Network Marketing Mobile Money Acceptance System on m-square

Enoma Odia of Sofdia System Nigeria in Nigeria will apply network marketing to promote the uptake of mobile money by offering financial rewards to merchants for recommending it to other merchants within their community. This marketing system leverages the communal style of living, where the residing merchants sell similar products and share the same language. When a recommendation to use mobile money comes from a merchant in the same community, and the rewards for referrals are shared between users, it is more likely to be accepted. They will use their m-square platform, evaluate the most effective compensation levels to promote uptake, and add an accounting system for users to monitor their income.

Grant ID
OPP1139390
Show on Hub
On
Show on Spoke
On
Follow-on Funding
Off
Lead Funding Organization
Principal Investigator
Individual Funder Information
Funding Organization
Funding Amount (in original currency)
100000.00
Funding Currency
USD
Funding Amount (in USD)
100000.00
Project Type
Project Primary Sector
Project Subsector
Funding Date Range
-
Funding Total (In US dollars)
100000.00
Co-Funded
False