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.
