Gearing Up For Growth - Reducing Poverty Part Three
Bringing the benefits of mobile communications to rural villages
Nokia, together with the Grameen Foundation, have joined forces to provide rural areas with access to affordable telecommunication services, thus boosting economic development in rural communities.
The Village Phone concept is based on the pioneering work of Professor Muhammad Yunus and the Grameen Bank in Bangladesh awarded the Nobel Peace Prize in 2006. It has since been replicated in Uganda and Rwanda. The concept uses microfinance as an innovative tool to create entrepreneurship. It also aims to boost network connections in areas with infrastructural limitations.
