What holds back microfinance institutions from adopting the DEPA framework?
This blog discusses the Account Aggregator (AA) framework, a consent-based system under the IndiaStack that enables data sharing across financial institutions. Here we look at the framework from the perspective of financial inclusion and discuss how microfinance institutions, which cater largely to low and middle-income (LMI) customers, may struggle to adopt AA at this stage.
Different yet similar — behavioral biases of low- and moderate-income people in Bangladesh and Vietnam
“We see the potential volume, but do we design profitable products for low-and moderate-income (LMI) people?” MSC faces this question repeatedly in discussions with our clients across Asia and Africa—including our partners in Bangladesh and Vietnam under the MetLife Foundation-funded i3 program.
Through this two-blog series, we question key behavioral biases to consider while creating compelling, engaging, and profitable products for the low- and moderate-income segment. The first blog speaks of the macro-economy and demography of the Bangladesh and Vietnam markets. We also take you through the digital financial services progress in both countries and the steps governments take to expand digitally. The next blog in this series will look at the similarities and differences of the LMI segment in Bangladesh and Vietnam.
MSC has developed a series of conversational comic books for microfinance institutions to create awareness, influence precautionary behavior, and drive safety of the weak and the vulnerable during COVID-19. These comics have been customized for different geographies. You can access the country specific versions below.
MSC developed a series of conversational comic books for microfinance institutions (MFIs) to inform their frontline staff members on safety measures during the COVID-19 pandemic. These comics have been customized for different geographies. You can access the country specific versions below.
The strange neglect of diversity within microfinance institutions
This blog is Dan Brockington’s highlights on how the branch performance in BRAC-Tanzania varies considerably and seemed to reflect the influence of strong or weak area managers. He notes that this diversity of performance within microfinance organizations matters—it has been neglected and this could cause problems later.
Delinquency is a systemic issue in microfinance institutions, once it is detected a through system review is needed. There are few quick measures which can give immediate relief, if problem is detected at an early stage. However, system overhaul is essential to find long term solution. This video talks about general perception of MFIs regarding […]