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FIDELITY BANK

INCLUSIVE BANKING

MICROLEAD PROJECT UPDATES

By Eric Sena Morttey

VSLA DATA
No of accounts

Balance

4870

120,560.19

Group

353

84,392.13

Individual

4517

36,168.06

Total

Number of Accounts
5000
4500
4000
3500
3000
Group

2500
4517
2000
1500
1000
500

353
0
Group

Individual

Individual

Account Balances
90,000.00
80,000.00
70,000.00
60,000.00
50,000.00
Group
40,000.00

84,392.13

Individual

30,000.00
20,000.00

36,168.06

10,000.00
0.00
Group

Individual

VSLA ISSUES & SOLUTIONS


ISSUE

SOLUTIONS

Low agent motivation

Opening normal smart accounts for other people within


the community to increase transaction volumes/deposits
at Agent points.

Card Replacement

Project funding to replace cards

POS issues

USSD application, Bluetooth printer & swiping device

Dormancy/KYC

Relationship managing VSLA groups/members

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