Dar students solving problems through ICT-based solution

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Alex is one among thousands of students who has been natured under the University of Dar es Salaam ICT Incubator (UDICTI), where students with business ideas are groomed as they turn their ideas into startups and are accommodated until they are able to stand on their own.

Explaining more about his project, he says he understands that a lot of people have their goals in life but to ensure that they meet their goals, they need money and getting quick money to achieve these goals cannot be easily achieved. “For instance someone might want to buy a plot which costs three million, but raising that money on the spot can be a challenge. You might have an option of getting a bank loan but then there are many requirements that have to be first met before you qualify for a bank loan. If you don’t have such requirements you miss out on the loan,” he says. “Statistics show that 46 per cent of Tanzanians are financially excluded meaning they cannot enjoy the services offered by majority of bank s and that’s the provenance of my idea,” he reveals. He further adds that banks have created services which are banks-centered, I thought why not come up with a system that will allow a person to be able to slowly save his or her own money so as to meet their future goals.

He says in the end his dream is to see low and medium income earners included in the financial system. “From street food vendors to the corporate class, we want everyone to be able to raise capital. The system will also help students, stay at home mothers, civil servants, bodaboda riders to meet their financial goals,” says Alex. Mariam Khamis, 25, a self-employed graduate, says she has tried to use mobile Kibubu and she foresees a positive outcome. “It’s user-friendly and once I learned about it, I didn’t hesitate to start using it because I realised it will help me savesome cash to boost my business. I am happy to see that students come up with such innovative ideas to solve challenges facing our community and I believe that I will benefit a lot from it,” she happily explains.

Dar students solving problems through ICT-based solution

What you need to know:

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