Podcast
Questions and Answers
What are some examples of other financial services beyond traditional banking?
What are some examples of other financial services beyond traditional banking?
Microfinance, startups, digital wallets, and mobile money.
What is microfinance?
What is microfinance?
Microfinance refers to the financial services provided to low-income individuals or groups who are typically excluded from traditional banking. It includes credit in the form of small working capital loans, insurance, money transfers, and savings accounts.
Why are low-income people often neglected by traditional financial systems?
Why are low-income people often neglected by traditional financial systems?
Low-income people are neglected because they are considered uneconomical to serve or too difficult to reach by the traditional financial systems.
What do most microfinance institutions focus on offering?
What do most microfinance institutions focus on offering?
Signup and view all the answers
What types of services do regulated microfinance banks provide?
What types of services do regulated microfinance banks provide?
Signup and view all the answers
