Lucas Chingore now conducts business from a mobile bank that makes weekly stops within walking distance of his farm.
Through innovative technologies and an expanding network of banks, Opportunity International is addressing the financial needs of isolated rural communities. New branches are in development worldwide. Whether full service, mobile or satellite kiosk, these banks bring hope through economic opportunity to families who have no other access to services.
Opportunity deploys ATMs and point-of-sale devices in rural markets, farm shops and other community locations as part of its effort to cost-effectively reach rural areas with financial services. This extends the reach of the bank without the cost of establishing a full satellite branch.
Mobile banking units help Opportunity reach even more remote areas where setting up an ATM or POS device in a local shop is not feasible. Before Opportunity’s mobile bank came to his town in Mozambique, Lucas Chingore was among the millions of “unbanked” with little hope of establishing a business. It was a half-day trek to the closest bank and the only loans he could obtain were from unreliable sources charging high interest. For rural entrepreneurs like Lucas, Opportunity’s mobile banks make weekly stops within walking distance of their homes and businesses, saving clients valuable time and money.
