Monday, March 18, 2013

The First Five Hundred

By the middle of March we've reached 500 registered users. Our radio broadcasts in different locations across Uganda (including Luo broadcasts on the UBC Blue Channel) have helped with reaching sellers, and we have been making regular market visits to speak to buyers. The plot here shows how users have been joining since we started field trials in November 2012:


Looking at the bids and asks currently active on the system, we can see that this is currently a buyers market: we have 1.1B UGX (439,000 USD) worth of produce for sale, and 293M (111,000 USD) worth of bids.