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div#me07916 div.me07916Section1 {}--></style><title></title><style type="text/css"><!--body{padding:1ex;margin:0px;font-family:sans-serif;font-size:small;}a[href]{color:-moz-hyperlinktext !important;text-decoration:-moz-anchor-decoration;}blockquote{margin:0;border-left:2px solid #144fae;padding-left:1em;}blockquote blockquote{border-color:#006312;}blockquote blockquote blockquote{border-color:#540000;}--></style></head><body><div style="font-family: Arial; font-size: medium;" dir="ltr"><div>Muriuki,</div>
<div>I think MPESA has helped distribute wealth to the bottom of the pyramid. There are thousands of people in the rural remote areas now who are able to receive money from more fortunate relatives etc. simply because the channel to send the money exists and is accessible. Imagine trying to send 300/= to a villager 5 years ago and the bank charges plus transport to the "nearest" town where the bank has a branch, plus bank restricted opening hours,plus queues in the bank, plus possible lodging costs, plus other compexities that would have involved! Economists also say (<a href="http://blog.icresource.com/2008/03/01/principles-of-economic-circulation/">http://blog.icresource.com/2008/03/01/principles-of-economic-circulation/</a>) that wealth is not just having money, but also how FAST that m oney circulates in the economy. One person having 1000/= in a week is not the same as 7 people handling that same 1000/= through 7 separate transactions in the same week. In this way I think MPESA has revolutionarised the lives of Kenyans beyond doubt, created new wealth, inreased GDP by improving CIRCULATION of money and helped to redistribute wealth, especially to the bottom of the pyramid. A person in the village able to receive money in an easier way from more fortunate realtives is also able to invest, e.g. in agriculture, education, health, etc. at the grassroots. To mis-quote a certain obscure philospher of yore, MPESA is the mother of all killer applications!</div>
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<div>Kind</div>
<div>Waudo</div>
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<div>On Thu, 14 Oct 2010 20:09 +0300, "muriuki mureithi" <mureithi@summitstrategies.co.ke> wrote:</div>
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<p class="me07916MsoNormal"><span style="font-family: "Calibri", "sans-serif"; color: #1f497d; font-size: 11pt">Fellow listers <o:p></o:p></span></p>
<p class="me07916MsoNormal"><span style="font-family: "Calibri", "sans-serif"; color: #1f497d; font-size: 11pt"><o:p> </o:p></span></p>
<p class="me07916MsoNormal"><span style="font-family: "Calibri", "sans-serif"; color: #1f497d; font-size: 11pt">This is getting very close from the heart ------ keep them coming ---<o:p></o:p></span></p>
<p class="me07916MsoNormal"><span style="font-family: "Calibri", "sans-serif"; color: #1f497d; font-size: 11pt"><o:p> </o:p></span></p>
<p class="me07916MsoNormal"><span style="font-family: "Calibri", "sans-serif"; color: #1f497d; font-size: 11pt">Joe Mucheru put out a very interesting hypothesis and most likely a fact that ...’ Safaricom ecosystem has created thousands of millionaires ‘ as MJ created a US$1 Billion + company in 10 yrs .....<o:p></o:p></span></p>
<p class="me07916MsoNormal"><span style="font-family: "Calibri", "sans-serif"; color: #1f497d; font-size: 11pt"><o:p> </o:p></span></p>
<p class="me07916MsoNormal"><span style="font-family: "Calibri", "sans-serif"; color: #1f497d; font-size: 11pt">One thing one may want to understand from your own experience is whether Safaricom generated new wealth and then redistributed to create the millionaires cited above, or did the system suck resources from bamba 5’s and concentrate to a few? Were there losers in the process? Were the bottom of the pyramid part of the equation or lost out? Think of that guy who was selling airtime in the streets some years ago, did the system develop a channel for upward mobility in the value chain? In other words where is the guy who was selling airtime 10 yrs ago in the streets?<o:p></o:p></span></p>
<p class="me07916MsoNormal"><span style="font-family: "Calibri", "sans-serif"; color: #1f497d; font-size: 11pt"><o:p> </o:p></span></p>
<p class="me07916MsoNormal"><span style="font-family: "Calibri", "sans-serif"; color: #1f497d; font-size: 11pt">If you think so – what should MJ have done to address the situation ......<o:p></o:p></span></p>
<p class="me07916MsoNormal"><span style="font-family: "Calibri", "sans-serif"; color: #1f497d; font-size: 11pt"><o:p> </o:p></span></p>
<p class="me07916MsoNormal"><span style="font-family: "Calibri", "sans-serif"; color: #1f497d; font-size: 11pt"><o:p> </o:p></span></p>
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<p class="me07916MsoNormal"><span style="font-family: "Calibri", "sans-serif"; color: #1f497d; font-size: 11pt"><o:p> </o:p></span></p>
<p class="me07916MsoNormal"><span style="font-family: "Calibri", "sans-serif"; color: #1f497d; font-size: 11pt">cheers <o:p></o:p></span></p>
<p class="me07916MsoNormal"><span style="font-family: "Calibri", "sans-serif"; color: #1f497d; font-size: 11pt"><o:p> </o:p></span></p>
<p class="me07916MsoNormal"><span style="font-family: "Calibri", "sans-serif"; color: #1f497d; font-size: 11pt">Muriuki Mureithi <o:p></o:p></span></p>
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