Mexico stands out as an exception in Latin American microfinance. Despite having the region’s largest population and its largest microfinance market, Mexico has a relatively small overall loan portfolio, especially compared to much smaller countries like Peru or Colombia. The reason isn’t a mystery to industry watchers—it is due to the continued dominance of village …
Author Archives: William M
Top 5 lending software in Nepal
The Nepalese government opened microfinance banks, institutions and cooperatives in order to alleviate poverty in the country. Microfinance banks have been operating in the rural areas of Nepal, providing microcredit, savings services, informal education, first aid health services, training and skill development. Despite these activities, microfinance banks in Nepal face problems that include: Lack of …
Top 5 lending software in China
Given that China has the largest rural population in the world, the demand of finance is very high. On one hand, Agricultural Bank of China (ABC) is moving to serve urban areas, and Rural Credit Cooperatives (RCCs), currently the most important source of formal credit in rural areas, are not doing very promisingly. On the …
Top 5 lending software in Pakistan
In late 2017, Pakistan’s microfinance sector had more than 40 accredited institutions operating in 106 districts. While this is an improvement on previous years, according to the International Monetary Fund Pakistan lags well behind its peers – such as India, Bangladesh, Vietnam and Sri Lanka – for offering private-sector credit. That said, Pakistan’s microfinance institutions …