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MFIs in India: Need Social Impact Monitoring
The pandemic has necessitated the need to re-look at the tenets of MFI lending
- Categories
- Education, Finance, Technology
- Region
- Asia Pacific
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‘Our Only Competition Is Poverty’: How Avanti Finance Aims To Create a ‘Population-Scale’ Digital Microfinance Platform in India
India has long been a hotbed of digital financial innovation. Avanti Finance is an emerging innovator in the sector, with a digital lending platform that aims to bring affordable microfinance to even the poorest customers. NextBillion spoke with CEO Rahul Gupta to discuss Avanti’s unique model, and the challenges of serving low-income customers both efficiently and responsibly.
- Categories
- Finance, Technology
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How COVID-19 Is Affecting Microfinance
Specifically, lower-income groups in developing countries and emerging economies face not only the prospect of abject poverty in many cases but also the likelihood that their financial systems may not be sufficiently robust to help them through these dark times.
- Categories
- Coronavirus, Finance, Technology
- Region
- Asia Pacific
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Can Microlenders Make a Comeback?
Once hailed as a game-changer for the impoverished, microlenders are falling behind in the digital race while online lenders and commercial banks poach their turf.
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Microlenders in India See Light at End of Tunnel; Collection Rates Inch Back To Pre-COVID Levels
Collection rates are picking up, so are disbursements of small loans. Rural entrepreneurs, who suffered most due to COVID, are tweaking their small business strategies to adjust to the new normal.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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Invest in Visions Mikrofinanzfonds Lends $36 Million To Indian MFIs Asirvad Microfinance, Sonata Finance
Both microfinance institutions serve low-income female customers in India, and as of June 2020, they intend to use the IIV funds to disburse microloans to their client base in order to encourage business expansion and entrepreneurship.
- Categories
- Entrepreneurship, Finance, Investing
- Region
- Asia Pacific
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Viewpoint: MFIs Revival: Does India Really Need a New Microfinance Institution?
Instead of promoting a new social microfinance institution, the government should build on the existing and vibrant microfinance sector to cater to its envisioned need.
- Categories
- Technology
- Region
- Asia Pacific
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Viewpoint: The Critical Role of Microfinance Institutions Amidst the COVID-19 Pandemic
Microfinance Institutions (MFIs) have been critical in providing financial services for these vulnerable people and like their clients, MFIs are negatively affected by the economic impacts of the crisis.
- Categories
- Coronavirus, Finance, Technology
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