microfinance

Guest Article: Technology for Microfinance to Scale Up is Having Impact

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One of the challenges to growth in microfinance has been the tremendous time and effort required to make loans and collect funds. Digital solutions are upending current practices, however, and enabling companies to scale up as well as to provide better service to borrowers. New Models The traditional model for microfinance institutions (MFIs) has often started with a loan officer …

Financial Inclusion Summit Asia

Highlights from the 2016 Financial Inclusion Summit

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RECAP Drawing from its humble beginnings during the microfinance revolution of the 1970s, the financial inclusion movement has since evolved into a global multi-billion dollar commercial opportunity. In 2012, the Asian Development Bank approved 121 projects amounting to an estimated USD $2.59 billion. Numerous Asian governments, banks and NGOs are now actively seeking the empowerment of the underbanked populace and …