Posts by Frederic Nze
When you think about poverty, what does it look like? Many people might picture an undernourished African child, or an elderly beggar sitting in the street. But as Oakam CEO Frederic Nze explains, the reality can be far different. Poverty today often involves the struggles of the working poor, and it’s defined less by extreme deprivation and more by lack of access – to clean water, to power, to basic education, and increasingly to the internet. Nze explores the implications of this shift for the financial inclusion and development sectors.
The Future of Microfinance is Mobile: FinTech Resolves Three Key Obstacles of Lending to the Unbanked
The microfinance industry has arrived at a new inflection point, according to Frederic Nze, CEO and founder of U.K.-based digital microlender Oakam. Those businesses that are slow to embrace the transformative power of smartphone technology will feel the full force of disruption over the next decade while access to fair, affordable retail financial services will flourish for consumers and small enterprises the world over.