{"id":2726,"date":"2018-04-14T17:30:17","date_gmt":"2018-04-14T17:30:17","guid":{"rendered":"http:\/\/www.jisort.com\/?p=2726"},"modified":"2018-04-14T17:30:17","modified_gmt":"2018-04-14T17:30:17","slug":"big-future-fintech-micro-lenders","status":"publish","type":"post","link":"https:\/\/jisort.com\/blog\/big-future-fintech-micro-lenders\/","title":{"rendered":"Big Future for Fintech and Micro lenders"},"content":{"rendered":"<p><strong>Big Future for Fintech and Micro lenders <\/strong><\/p>\n<p>Mostly serve low income earners and people underserved by formal financial sector.<\/p>\n<p>Offer flexible products designed for maximum inclusivity \u2013 attractive products that can pool low income earners and thereby effectively reduce cost of serving them.<\/p>\n<p>Micro lenders are growing in Kenya both in number and size of portfolio.<\/p>\n<ul>\n<li>Mshwari \u2013 Partnership between Safaricom and CBA Bank<\/li>\n<li>Branch<\/li>\n<li>Tala<\/li>\n<li>Jisort<\/li>\n<li>Haraka<\/li>\n<li>among others<\/li>\n<\/ul>\n<p>Micro lenders are mostly serving a segment that is high underserved \u2013 low income earners and a few middle income earners \u2013 banks have never been interested in this group.<\/p>\n<p>With success of micro lender platform, banks have changed their tone with many of them scrambling to launch micro lending service \u2013 including the mighty Barclays Bank.<\/p>\n<p>Micro lenders and Fintech are now challenging banks who are the least innovative businesses.<\/p>\n<p>The future of innovative fintechs is BIG \u2013 those without banks accounts bank with fintechs, those with bank accounts want to be unbanked.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Big Future for Fintech and Micro lenders Mostly serve low income earners and people underserved by formal financial sector. Offer flexible products designed for maximum inclusivity \u2013 attractive products that can pool low income earners and thereby effectively reduce cost of serving them. Micro lenders are growing in Kenya both in number and size of [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":2724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[57],"tags":[92,90],"class_list":["post-2726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-big-future-for-fintech-and-micro-lenders","tag-fintech"],"blocksy_meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/posts\/2726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/comments?post=2726"}],"version-history":[{"count":0,"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/posts\/2726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jisort.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/media?parent=2726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/categories?post=2726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/tags?post=2726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}