KORA-An Infrastructure for Inclusive Financial System
Website Problems Access to financial services is uneven and expensive due to five main barriers. High Cost to Serve Misconception that the Underserved have Little Value Lack of Identification Documents Lack of Trust and Technological Understanding Lack of Financial Literacy Solutions Banks Local Ad Hoc Networks Mobile Money Blockchain Projects By learning from the past, we can build a better future. We believe the solution for wide-scale, sustainable adoption of a financial services platform would require: Low Cost - The people with the least wealth are those who need financial services the most. We aim to include everyone in the Kora Network. Universal Access - Even if they don’t have Internet or extensive technological understanding, we expect that everyone will benefit from Kora. Engagement with Existing Communities - Local financial service providers and networks have always existed. Kora will enable them instead of replacing the...