Showing results for "group lending"
Every startup success story shows up alongside 10 failures; still, entrepreneurship is an attractive career proposition for our youth. In more than 90% of cases, the founders would fail to repay these loans, leaving meaningful relationships with their trusted ones fractured and damaged. Is this a price worth paying? This blog discusses an unfashionable perspective on starting up and shares our experience accelerating startups in Asia while orienting them toward success.
MSC conducted a webinar on “Financing Agribusinesses amid COVID-19” on 29th September, 2021. We ran the event alongside Kenya Crops and Dairy Market Systems Activity (KCDMS), which receives funding from USAID.
Since its independence, Bangladesh’s resilience in the face of numerous calamities like floods, droughts, and famines has earned worldwide appreciation. This blog explores how the country’s microfinance industry stays resilient during crises and continues to protect the poor and vulnerable.
This blog is a sequel to our previous blog on ChitMonks under the Financial Inclusion Lab accelerator program. Chit funds are an old and essential financial service in India, which remains mainly in the analog mode. ChitMonks are working to digitalize the industry. In this blog, we take you through ChitMonks’ journey, the startup’s progress since the second cohort of the FILab, its struggles and achievements, and its plans.
Kosh is a digital lending platform that provides access to formal credit to low- and middle-income (LMI) segments in India. It works on a joint liability model that relies on group leaders and members who avail credit through the platform. This blog explores the journey of Kosh and the positive impact it hopes to create on LMI segments.
Whrrl is a start-up that helps small and marginal farmers, traders, and producer companies raise working capital through warehouse receipt financing. It uses blockchain technology to create an immutable record of the collateral, which reduces the risk of fraud in the lending process and helps farmers secure loans at lower interest rates.