Mexico stands out as an exception in Latin American microfinance. Despite having the region’s largest population and its largest microfinance market, Mexico has a relatively small overall loan portfolio, especially compared to much smaller countries like Peru or Colombia. The…
The Nepalese government opened microfinance banks, institutions and cooperatives in order to alleviate poverty in the country. Microfinance banks have been operating in the rural areas of Nepal, providing microcredit, savings services, informal education, first aid health services, training and…
Given that China has the largest rural population in the world, the demand of finance is very high. On one hand, Agricultural Bank of China (ABC) is moving to serve urban areas, and Rural Credit Cooperatives (RCCs), currently the most…
In late 2017, Pakistan’s microfinance sector had more than 40 accredited institutions operating in 106 districts. While this is an improvement on previous years, according to the International Monetary Fund Pakistan lags well behind its peers – such as India,…
Microfinance is a form of financial service directed at small businesses that lack access to traditional banking and related services. The U.S. Small Business Administration defines microenterprises as businesses with less than five employees. Microfinance borrowers tend to be minorities,…
Since the beginning of modern banking in India, the process to apply for a loan has been too lengthy which followed up with lots of stress, time consumption, tension too. Because of all these, it was very important and need of the…
Loanbook is a simple lending application available for various platforms like web, Windows and Linux. The goal of the application is to simplify software acquisition implementation process for simple lenders like payday lenders from months to minutes. Loanbook is powered…
Loanbook is a simple lending application available for various platforms like web, Windows and Linux. The goal of the application is to simplify software acquisition implementation process for simple lenders like payday lenders from months to minutes. Loanbook is powered…
The microfinance industry has come a long way towards establishing best methodologies. While mainstream MFIs have been successful in penetrating developed and populated areas, only a low percentage of them have achieved penetration in rural and less densely populated areas.…
With the development of technology, small lenders like payday lenders and shylocks stand a chance of competing with major lenders like banks. These lenders have an upper-hand in technology adoption due to their lean decision making process as opposed to…