Posts by Jessica Perkins
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Microloans Aren’t Just for Businesses Anymore: Increasingly they’re helping the poor meet basic needs
A more universal and basic approach for microloans to assist the more than 3 billion people who live on less than $2.50 a day is providing small loans to break up payments for large purchases.
- Categories
- Agriculture
- Tags
- infrastructure, microcredit, water
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Poor and Unbanked in India?: Why 12 digits could equal financial inclusion
The Aadhaar program has already begun issuing 12-digit individual identification numbers that will soon let Indians verify their identity and address any time, anywhere within the country. Each Aadhaar ID number is connected to a citizen’s biometric data: photograph, iris scans and fingerprints. It will allow individuals to document their credit history and link their ID number to electronic payments through an Aadhaar-connected bank account.
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- Uncategorized