EFTA00854037.pdf

From: "Jeffrey E." To: Subject: Re: Talk? Date: Sun, 21 Jun 2015 11:59:30 +0000 I set aside time yesterday, what are the next steps in any of these On Sat, Jun 20, 2015 at 3:22 PM, wrote: Starting to get a lot more momentum Found a tech cofounder to write and manager coding and tech side (former Google coder) Need someone to discuss hard stuff related to banking and money movements - evolved since we discussed churches as banks Now more consolidated but disruptive In between peer to peer and institutional lending Basically occurred to me that I should just make digital what was already happening socially all over Africa (that We helped grow w Billg's money) Then realized that same concept also applied for churches and in countries w traditional leaders Want to do a comms + lockbox app working across all phones that turns leaders into banks - built in credit taters and also sources of resource collection. Super transparent and leaders want to be leaders so they will compete Formalizes and upgrades what slumdwellers have been doing for years and improves on my former concept of metafinance Stuck on a few things but know there are solutions since it works in real world Everyone wants a solution that isn't linked to a telco (your money gets trapped w telco) but still transaction sizes as individuals too small to care but if you aggregate at level of leader and make them a bank.... Leaders as lockbox bankers - goes to scale almost immediately based on how many ppl they lead - esp w churches Make the transactions free between leaders and communities - and write code so the phones and comms app works off grid W lousy old phones so only leaders need smartphones (eventually they all will have) So then you are huge on grid/off grid comms network and biggest leader-to-peer lending network that is connected by nodes (leaders) --how to connect the leaders --how to get not just community savings in to the leaders by better borrowing capacity for the savers through that leader (leader makes money from loans too...) --how to get across country boundaries to do remittances EFTA00854037  In terms of venture partners alibaba has no Africa interest yet but maybe could convince to help w lending side and "own" that part -- MasterCard is globally trying to grow in Africa bc their interest is being able to transfer govt payments to poorest (and eventually credit, though not now) so they could help grow the lockbox wallet -- definitely going to bring in the slumdwellers as a partner in some way bc they will scale this and be primary users and protect it and there are millions of them - could try to find a way to get them to invest into growing the borrowing pool that way it is their own savings / resources Facebook and others trying to grow chat apps only as the "on ramp" to Internet. They provide "free" wifi while using Facebook. That seems annoying but actually you do need some wifi sometimes but not all the time. Dealing just w leaders gets around that be they usually have access. And writing the code to work off grid for local comms or comms to leaders is really cool Need and want to start Will ou hel me think. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00854038