![\"P1040662\"](\"http:\/\/l-ift.com\/wp-content\/uploads\/2017\/12\/P1040662.jpg\")
In our second interview, where we presented different scenarios about using mobile money and digital loans, Belaynesh stated: \u201cI send money to my daughter who lives in Faracho High School (which is a bit far from here), but when I do this I have to pay for transportation and I have to give additional money to the person taking the money (for tea or coffee). If I could send the money directly to my daughter by mobile, it would be less costly and more secretive as me and my daughter would be the only ones who know about this transaction. If I send it by a person, that individual would also share my secret, which is not good for me.\u201d<\/strong><\/em><\/p>\n\n\n\n In Belaynesh\u2019s community traders come to the respondents\u2019 farms and purchase their products by paying cash up front. Based on this situation, Belaynesh was asked if she would prefer to take the money digitally from the traders on the spot and she replied\u00a0\u201cI would like it if the traders could pay using mobile money when they buy the product, this way people couldn\u2019t observe\u00a0when I receive money in cash. Like this,\u00a0I have much more\u00a0privacy.\u201d<\/strong><\/em><\/p>\n\n\n\n Furthermore, she explained that she doesn\u2019t take loans from shop owners, because she fears what people might think of her: \u201cIf I borrow money from the shop owner, people would know that I am in need of money, so privacy is my priority!\u201d<\/strong> <\/em>Hence, if loans could be provided digitally, it would be much preferable for our respondent as she would not be judged for needing money.<\/p>\n\n\n\n Our study\u00a0\u201cAssessment of Transaction Pools for Digital Financial Services (DFS) in Ethiopia\u201d<\/em>\u00a0revealed that though digital money systems are not yet widely adopted in Ethiopia, there are strong indications for future usage among the different respondents we came to intensively investigate. If the system would be adopted across the nation, it is believed that life among different communities would be transformed. Funds would be accessible anytime, anywhere, while time and energy is saved, security is improved (providing means for saving) and money is managed more effectively compared to traditional methods. Parents would be able to send money to their children and pay their school fees without having to do so in person or entrust someone else who could abuse this information. Therefore, looking into the bigger picture of mobile money besides its mere benefit of making money more easily accessible, it triggers the economic growth of a country and improves the standard.<\/p>\n\n\n\n By Mekdes Hailegiorgis<\/strong><\/em> [1]<\/a> The real name of our respondent is changed to maintain her privacy.<\/p>\n\n\n\n
Programme Assistant based in Ethiopia<\/em><\/strong><\/p>\n\n\n\n