Showing results for "group lending"
This blog covers the challenges and opportunities born from the COVID-19 pandemic, for both small and established FinTechs, particularly in the emerging markets. It sets the stage for part two, where we discuss how these FinTechs face these unprecedented challenges.
Read MSC’s take on the impact of the COVID-19 lockdowns on MFIs. Join our journey as we examine the surprising resilience of Indian MFIs. The blog compares past challenges like demonetization and traces how MFIs bounced back each time. The lockdown enforced to control the spread of coronavirus in 2020 has been the most severe crisis to hit the sector. Hopefully, MFIs will once again emerge resiliently.
Millions of low-income people across the world use ROSCAs as instruments of savings and credit. Since these people are susceptible to income volatility, ROSCAs give them the unique option to pursue a savings goal, as well as an opportunity to build social capital and creditworthiness.
About a year back in August 2018, MSC collaborated with the Indian Institute of Management Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship to start the journey of Financial Inclusion Lab. The Lab currently receives support from the J.P. Morgan, Bill & Melinda Gates Foundation, the Michael & Susan Dell Foundation, and the Omidyar Network. The Lab supports start-ups that develop innovative, technology-enabled solutions in the areas of financial technology, livelihoods, and skilling for the benefit of low- and middle-income (LMI) communities. MSC provided technical assistance (TA) to these start-ups. This blog focuses on the lessons learned from this TA program where we highlight six key insights that could be helpful both to investors, consultants, and other organizations which plan TA programs for similar start-ups.
This blog highlights the journey of Kaarva, a fintech start-up that provides salaried people from the low-and middle-income segments with early access to a portion of their earned salaries for the month without charging any fees.
Finlok is a financial platform that helps people save money and avail hassle-free credit through a group savings-based financial model. This blog explores how the platform will help the low- and middle-income segments gain greater control over their finances.