MIT Solve

Solution Overview

Solution Name:

HOME INSURANCE

One-line solution summary:

Feel the true Value of Home Insurance When Relocating/Moving.....!

Pitch your solution.

Film your elevator pitch.

What specific problem are you solving?

More than 200,000 homes need to be built a year, but only 50,000 new
units are being built annually, according to Lands Cabinet Secretary
Jacob Kaimenyi, leaving around 150,000 Kenyans un-housed every year with
middle-income earners and students in urban areas most affected. Global
Property Guide, LALAINE C. DELMENDO | December 02, 2019

Who does your solution serve, and in what ways will the solution impact their lives?

THIS PLATFORM IS FOR SEEKER OF THE NEXT PLACE TO CALL HOME .
SEEKING A NEGOTIATOR WITH FORMER/NEXT LANDLORD.
SEEKERS OF A MORTGAGE PLAN

Which dimension of the Challenge does your solution most closely address?

Deploying features that promote the continuity of contributions to social insurance schemes from informal sector workers, incorporating behavioral tools that incentivize and encourage financial savings, transparency, and accountability

Explain how the problem, your solution, and your solution’s target population relate to the Mission Billion Challenge WURI West Africa Prize and your selected dimension.

E-COMMERCE PLATFORM FOR REAL ESTATE BUSINESS .
DIGITIZING THE TENANCY AGREEMENT SYSTEM.
HOME INSURANCE AGENTS BECOME TENANTS REPRESENTATIVES ON MATTERS OF HOUSE OWNERSHIP IN REGARD TO THE TENANCY AGREEMENT.
PROPER DATA RECORDS OF A TENANT HELPS USER RATING IN TERMS OF MORTGAGE /CREDIT RATING.
SAFE HOME MANAGEMENT.

FROM A RENTAL STATUS

TO

Where is your solution team headquartered?

Nairobi, Kenya

What is your solution’s stage of development?

Prototype: An individual or organization building and testing a product, service, or model.

Who is the primary delegate for your solution?

ARCHIEBOLD MANASSEH

More About Your Solution

If your solution has a website, provide a link here:

https://youtu.be/6A3q3rX3I9s

If your solution proposes an app that is currently live, provide a link to your app online or in an app store here:

https://youtu.be/6A3q3rX3I9s

If you have additional video content that explains your solution, provide a YouTube or Vimeo link here:

Which of the following categories best describes your solution?

A new business model or process

Describe what makes your solution innovative.

Its New solution to an over due problem of housing and home ownership.

Provide evidence that your solution works.

Please select the technologies currently used in your solution:

Artificial Intelligence / Machine Learning
Behavioral Technology
Big Data
Blockchain
Internet of Things
Software and Mobile Applications

What is your theory of change?

Home ownership for all

How can your solution be incorporated into social protection and service delivery systems in West Africa?

When renting, the upfront costs are relatively lower. You have to budget in the security deposit and pay it together with the first month’s rent.

buying a house in a desirable area might be unaffordable, but renting there might be within your price range.

Describe how 'user friendly' your solution is to incorporate into social protection programs and delivery systems in West Africa.

It cuts across rental to home ownership

SEEKERS OF A MORTGAGE PLAN

Explain how your solution is interoperable with existing technologies and open standards.

DIGITIZING THE TENANCY AGREEMENT SYSTEM.

How does your solution account for low connectivity environments and for users with low literacy and numeracy levels?

It is for all

Select the key characteristics of your target population.

Women & Girls
Pregnant Women
LGBTQ+
Informal Sector Workers
Migrant Workers
Elderly
Rural Settings
Low/No Connectivity Settings
Peri-Urban
Urban
Poor
Low-Income
Middle-Income
Refugees & Internally Displaced Persons
Minorities & Previously Excluded Populations
Stateless Persons
Persons with Disabilities

Do you already operate in one or several countries in West Africa? If so, which ones?

Kenya

In which countries will you be operating within the next year?

Kenya

How many people does your solution currently serve? How many will it serve in one year? In five years?

0-50,000-150,000

What are your goals within the next year and within the next five years?

GROWTH

What barriers currently exist for you to accomplish your goals in the next year and in the next five years?

FINANCIAL

LEGAL

How do you plan to overcome these barriers?

LOANS

GRANTS

INVESTMENT

About Your Team

Your Business Model & Funding

Partnership & Prize Funding Opportunities