The emergence of new technologies and the entry of new players in the industry, such as China’s Alibaba and Kiva, is rapidly transforming the landscape of microfinance.
The presence of new challenges may pose threats to traditional microfinance companies, but they also represent new opportunities to reach the under-served population – the changing market is effectively forcing microfinance companies to re-examine their business model.
Rupert Scofield, CEO of Finca, shares his thoughts on the current landscape of the industry, the challenges posed by the new wave of microfinance companies and how Finca has embraced new technologies to stay relevant.
Read the full article written by Clar Ni Chonghaile published on Guardian News here.
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