In 2022, MSC focused on several sectors, including MSMEs, agriculture, microfinance, gender, youth, climate change, and digital finance. Most of our work revolved around using digital payments to arm people from the low- and moderate-income (LMI) segment and build their resilience. We are delighted to reshare our most-read blogs in 2022.
BRAC Bank experiments with agent banking—a lesson for progressive banks across the globe
This case study on BRAC Bank shares lessons from its journey and its experiments with agent banking. It highlights its unique initiatives in making the agent banking channel a profit-making proposition.
Credit for low- and moderate-income people in Bangladesh—can new-age banks and FinTechs deliver the regulator’s wish?
The waves of digitization and technological advancements have led to the opening of MFS accounts for 60% of the population in Bangladesh. The country now boasts more than 1.1 million agents. Despite the widespread use of MFS and internet access, only 9.1% of people access the formal credit system. Digital credit can be a stepping-stone in Bangladesh due to the lower cost of delivering credit through digital means, combined with the mass digital readiness of consumers. Several solutions have emerged from banks, NBFIs, FinTechs, MFSPs, MFIs, and development partners, such as City Bank’s “Nano Loan” product pilot to Prime Bank’s loan product for blue-collar workers. Together, stakeholders are trying to forge partnerships to address problems around access to credit and social development in Bangladesh.
In 2021, MSC focused on sectors like MSME, agriculture, microfinance, gender, youth, climate change, and digital finance. We took a deep look into measures to minimize the pandemic’s impact on the LMI segments. Here is a roundup of our most-read blogs in 2021.
The digital journey of Shakti Foundation for Disadvantaged Women (SME loans): A lesson for progressive MFIs in Bangladesh
The case study charts how Shakti Foundation for Disadvantaged Women utilized technology to grow its SME portfolio and enhance cost and time efficiency. Through the use of technology, it offered customer-friendly services and helped staff members manage their loan portfolios better while managing associated risks.
Launch of new reports on the impact of the COVID-19 on the low- and moderate-income populations and MSMEs in Asia and Africa
MSC and Swiss Capacity Building Facility(SCBF) launched the new reports on the impact of the COVID-19 on the low- and moderate-income populations as well as micro, small, and medium enterprises (MSMEs) in Asia and Africa, through an interactive webinar on 28th of January, 2021.