Integrating digital payments in the microfinance sector can save work hours, enhance productivity, and simplify instalment and deposit collection, experts said at a seminar.
In Bangladesh, savings groups have been uplifting thousands of women from poverty.
Ever since the 1980s-90s, our typical perception of a rural village has been changing.
Why would microfinance institutions agree to use flexible repayment strategies? Simply because delivering a new product opens a new market, allowing the institutions to reach people who have irregular income flows, while maintaining their profit share.
Integrating digital payments in the microfinance sector can save work hours, enhance productivity, and simplify instalment and deposit collection, experts said at a seminar.
In Bangladesh, savings groups have been uplifting thousands of women from poverty.
Ever since the 1980s-90s, our typical perception of a rural village has been changing.
Why would microfinance institutions agree to use flexible repayment strategies? Simply because delivering a new product opens a new market, allowing the institutions to reach people who have irregular income flows, while maintaining their profit share.
