Microfinance

Digital technology has the potential to help microfinance institutes become more effective and efficient. In today’s digital world, carrying a laptop in the field has become a passé, and the in-thing is to carry whatever you need in your mobile. There are mobile apps that can help loan officers of these companies working in the field [...]

Microfinance Institutes or MFIs tap entrepreneurial resources at the lowest level of economic stratum and create opportunities for those with limited pocket size. They may have limited money in their pocket to execute their entrepreneurial ideas, but taken together they constitute a huge market for microfinance companies through microcredit. They empower unbanked entrepreneurs with adequate funding [...]