TOWARDS A SHARED UNDERSTANDING OF WHAT A BOAF IBC IS AND IS NOT?

[1/30, 7:52 AM] mdmawere1: Morning

[1/30, 8:00 AM] Assan Kadango: Morning boss how are you

[1/30, 8:11 AM] mdmawere1: Fine and you.

[1/30, 8:18 AM] Assan Kadango: I’m splendid boss

[1/30, 8:26 AM] mdmawere1: Are you still following?

[1/30, 8:26 AM] Assan Kadango: Yes boss .

[1/30, 8:31 AM] mdmawere1: Would you mind being an independent business correspondent (IBC) under the BOAF borderless community building initiative?

You will get 10% of the profit generated from the transactions you will have generated using the e-boaf platform.

[1/30, 8:52 AM] Assan Kadango: How does it operates boss I’m eager to I need to make money boss

[1/30, 9:02 AM] mdmawere1: Great.

[1/30, 9:02 AM] mdmawere1: #1 Guts

[1/30, 9:03 AM] mdmawere1: #2 Accepting to be an IBC?

[1/30, 9:04 AM] mdmawere1: #3 Before being an appointed IBC, you need to know what this identity is and is not and how it will affect your visibility.

[1/30, 9:04 AM] mdmawere1: What do you think an IBC is and is not?

[1/30, 9:23 AM] mdmawere1: [1/30, 8:43 AM] mdmawere1: Hello can you type. I am in a noisy place

[1/30, 8:44 AM] Mdhakisi Born2entertain: Registration keeps bouncing back on post code

[1/30, 8:45 AM] mdmawere1: What message do you get.

[1/30, 8:46 AM] Mdhakisi Born2entertain: Will screen shot n send in a bit

[1/30, 8:47 AM] mdmawere1: Great

[1/30, 9:24 AM] Assan Kadango: I think IBC it’s an intiative which allows me to do my business independently under rules and regulations of BOAF platform

[1/30, 9:25 AM] mdmawere1: What is an ecocash agent?

[1/30, 9:30 AM] Assan Kadango: An ecocash agent  is a trusted person who acts on behalf of Ecocash

[1/30, 9:30 AM] mdmawere1: Do you agree that an agent is a channel actor in the value chain to an end customer?

[1/30, 9:31 AM] Assan Kadango: Yes I agree with you

[1/30, 9:33 AM] mdmawere1: Do you agree that for an agent to exist, there must be an independent agent?

[1/30, 9:35 AM] Assan Kadango: Yes of coz you should be independent to avoid inconveniences

[1/30, 9:41 AM] mdmawere1: Should independence be about convenience or the reality is that the buyer of the cement pays the seller and the seller in order to sell would have bought the cement independently without the knowledge of the buyer and the seller would have paid transport costs deom an independent supplier of the services. The seller invoice the buyer and the money collected will be distributed by the supplier to independent value adding actors. If the customer fails to pay, the supplier cannot use non-payment by his chosen independent value actors as an excuse for not paying. If the buyer fails to take and pay for product sold and delivered, the seller would assume the non-payment risk and equally if the buyer fails to pay, the seller would have to absorb the costs incurred including the loss of income.

[1/30, 9:58 AM] mdmawere1: I thought we were trying to understand what an IBC is and is not.

[1/30, 9:58 AM] mdmawere1: Is an IBC not a value chain actor to bridge the buyer and seller?

[1/30, 9:59 AM] mdmawere1: The bank is an IBC, the transporter is an IBC, the admin in the chain is IBC etc

[1/30, 10:08 AM] mdmawere1: TOWARDS UNDERSTANDING IBC AS A BRIDGE

[1/30, 10:00 AM] makoni peter: How are you? I guess fine. I was wondering if i could send me a book text that i recently published on labour law. I am just making a follow up. I once spoke to youin November 2022.ilI just know how much influence you have in the RSA business community

[1/30, 10:02 AM] mdmawere1: Who is this?

[1/30, 10:03 AM] makoni peter: Am kundly asking if i could get your physical /postal address where i can send your personal  copy…

[1/30, 10:03 AM] mdmawere1: Do we know each other?

[1/30, 10:03 AM] makoni peter: Tanhira PETER Makoni. Iam a lawyer based in Eastern Cape

[1/30, 10:04 AM] mdmawere1: Which part of EC?

[1/30, 10:04 AM] makoni peter: I spoke to you on linked in and you gave me port elizabeth

[1/30, 10:05 AM] mdmawere1: Do you know Adv Matiza?

[1/30, 10:05 AM] makoni peter: Yes…

[1/30, 10:06 AM] mdmawere1: How well?

[1/30, 10:06 AM] makoni peter: We give each other work and consult for each other

[1/30, 10:07 AM] makoni peter: Personal and professional level

[1/30, 10:07 AM] mdmawere1: Did he ever talk to you about a BOAF LAW platform initiative?

[1/30, 10:09 AM] Assan Kadango: Indeed an IBC is a value chain actor to bridge the buyer and seller.

[1/30, 10:09 AM] mdmawere1: TO SOLVE A PROBLEM OR BRIDGE A GAP

[1/30, 10:10 AM] mdmawere1: What is Makoni asking for here?

[1/30, 10:16 AM] Assan Kadango: Asking for a book text

[1/30, 10:18 AM] mdmawere1: CASE #2 MR LESLIE MANGUNDA – SPOT THE SUPPLY VALUE CHAINS ABUSE? 

[1/30, 7:44 AM] mdmawere1: Morning

[1/30, 7:44 AM] mdmawere1: [1/30, 7:13 AM] DHA – V: Good morning, I need a copy of the passport in order to follow up

[1/30, 7:44 AM] mdmawere1: Good morning my Chief. Let me get it.

[1/30, 9:23 AM] Leslie Mangunda: Good morning mukoma, herewith the copy of the passport.

Passport number is DN279975

[1/30, 9:23 AM] mdmawere1: Copy of the passport.

[1/30, 9:26 AM] Leslie Mangunda: I am at a client’s farm now, I will send the email copy this afternoon when I get to the office in Harare.

[1/30, 9:28 AM] Leslie Mangunda: These are the copies that I would get from the court since the police was holding my passport for the duration of the court case.

[1/30, 9:28 AM] mdmawere1: Ok

[1/30, 9:28 AM] mdmawere1: Where is the farm?

[1/30, 9:29 AM] Leslie Mangunda: Goromonzi.

[1/30, 9:35 AM] mdmawere1: What are the activities?

[1/30, 10:30 AM] Assan Kadango: You are an IBC on this post

[1/30, 10:32 AM] mdmawere1: But do you think he considers me value adding or an agent of abuse. He was wants to regularize his immigration papers of SA but does not want to pay for the bridge but would gladly pay for a lawyers as bridges.

[1/30, 10:35 AM] Assan Kadango: He consider you as an agent of abuse

[1/30, 10:35 AM] mdmawere1: AGENT OF ABUSE OR FOR ABUSE?

[1/30, 10:36 AM] Assan Kadango: For Abuse

[1/30, 10:41 AM] mdmawere1: Do you think he knows better?

[1/30, 10:46 AM] Assan Kadango: No it indicates that he lacks knowledge

[1/30, 10:47 AM] mdmawere1: After knowing this illiteracy, what role do you see for yourself in the chain?

[1/30, 10:53 AM] Assan Kadango: I have to talk to them before any progress about my payment value after agreement then I proceed .

[1/30, 10:59 AM] mdmawere1: What is waiting for your payment?

[1/30, 11:01 AM] mdmawere1: I thought you are now a paid up ,member on BOAF records but you own me the money. If you agree to be an IBC, you will earn 10% of the membership fee paid and if you register 10, then you will pay through your value add.

[1/30, 11:01 AM] mdmawere1: Then after 10 paid up members, you will refund the advance for your membership.

[1/30, 11:10 AM] Assan Kadango: I’m glad boss to be a paid up member .so can you tell me more about how I will work(process to register one to become a member) so that I will register as many

[1/30, 11:38 AM] Assan Kadango: Yes I need your assistance boss

[1/30, 11:46 AM] mdmawere1: 1. Good morning Sir.

2. I am a paid up member of the Banking on Africa’s Future (BOAF) – 10,000 Points of Light (POL) initiative, a platform to convert connections into community power.

3. I believe that the only power who do not have power or market leverage is the power to organize by building institutions.

4. I am happy to inform you that I have been appointed and accepted this appointment to be an Independent Member/Business/Problem Solver Correspondent (IBC) in relation to the affairs of the campaign to build a bank of 10,000 POL or connected human beings.

5. To this end, I am informed by Mr. Mawere, a fellow paid up member that you are not yet a paid up member.

6. In the premises, before enrolling you, I would like to confirm if you are interested in being part of this bank of problem solvers who through this initiative will raise awareness of the power of building networks for people who choose to be part of them.

7. I trust that you will find the above in order.

Regards,

[1/30, 11:56 AM] Assan Kadango: Thanks very much boss for assistance

[1/30, 12:00 PM] mdmawere1: Let us see if he responds.

[1/30, 12:09 PM] mdmawere1: Have you checked on the wallets that RTGS is now on the available walters?

[1/30, 12:11 PM] Assan Kadango: I checked now .it’s available

[1/30, 12:11 PM] mdmawere1: Great. Do you keep track of the black market rate?

[1/30, 12:14 PM] Assan Kadango: Almost daily

[1/30, 12:22 PM] mdmawere1: CASE #1 ASSUME I WANT TO PAY MY R1000 TODAT, WHAT SHOULD BE THE PROCESS KNOWING THAT E-BOAF IS AVAILABLE AS A PAYMENT GATEWAY?

[1/30, 12:27 PM] Assan Kadango: 100R is equivalent to $5 U n $1 US is equivalent to 1 000 rtgs

[1/30, 12:28 PM] mdmawere1: So how much is the membership in RTGS?

[1/30, 12:29 PM] Assan Kadango: 50 000 rtgs

[1/30, 12:30 PM] mdmawere1: How would you receive and send 50K RTGS right now?

[1/30, 12:44 PM] Assan Kadango: Through boaf account number is it so

[1/30, 12:45 PM] mdmawere1: I am saying how do you normally receive and send payments of RTGS and where do the RTGS reside?

[1/30, 12:47 PM] mdmawere1: Can I help you understand the process?

[1/30, 12:47 PM] Assan Kadango: Yes help me

[1/30, 12:47 PM] mdmawere1: Do you keep your RTGS in the bank or outside?

[1/30, 12:49 PM] Assan Kadango: Mostly outside coz it loses value everyday

[1/30, 12:50 PM] mdmawere1: Assume you are now an IBC, do you agree that you assume the role of a bank like an Ecocash agent?

[1/30, 12:51 PM] mdmawere1: This is called BRANCHLESS BANKING

[1/30, 12:51 PM] mdmawere1: What is meant by branchless banking?

Branchless Banking represents a significant alternative to conventional branch-based banking. It allows banks to offer financial services outside traditional bank premises by using delivery channel such as smartphone applications, USSD channel, Debit Card, QR Payments etc.

[1/30, 12:52 PM] mdmawere1: What are advantages of branchless banking?

Branchless banking services comprises multiple services such as easy deposits and withdrawal of money, loan management, fund transfers, account inquiries, etc. It also lets its users operate in rural areas where every bank can’t reach.

[1/30, 12:52 PM] mdmawere1: What are branchless banks called?

A direct bank (sometimes called a branch-less bank or virtual bank) is a bank that offers its services only via the Internet, email, and other electronic means, often including telephone, online chat, and mobile check deposit. A direct bank has no branch network.

[1/30, 12:53 PM] mdmawere1: What are the benefits and disadvantages of electronic banking?

Maduo a ditshwantsho a BRANCHLESS BANKING

Advantages and disadvantages of e-banking

Convenience. …

Transfer service. …

Monitoring service. …

Online bills payment. …

Quality service. …

High liquidity. …

Low cost banking service. …

High interest rates.

[1/30, 12:53 PM] mdmawere1: What is the difference between a bank and a nonbank?

A nonbank bank is a company that offers limited financial services and typically does not accept demand deposits. Demand deposits and commercial loans can not exist in the same nonbank bank. Nonbank banks are not governed by the same rules and regulations as commercial banks.

[1/30, 1:02 PM] Assan Kadango: Much thanks MD for the information

[1/30, 1:02 PM] mdmawere1: Does it make sense?

[1/30, 1:05 PM] Assan Kadango: Yes Boss it makes sense

[1/30, 1:07 PM] mdmawere1: Are then ready to operate as a bank?