Nov 21 • General discussion
Let’s talk microbanking 💰
You’ve probably heard it pitched as the solution to poverty. But here’s the real story:
THE GOOD:
→ 140M+ people (80% women) now have access to capital
→ No collateral needed—just a solid business idea
→ Community lending creates natural accountability
→ When done right, it genuinely lifts families out of poverty
THE PROBLEM:
→ Interest rates hit 20-40% (ouch)
→ Debt cycles trap vulnerable borrowers
→ Some institutions prioritized profit over people
→ Loans alone don’t work—you need training, mentorship, market access
THE GAME CHANGER:
AI is flipping the script. Digital platforms can slash operational costs, improve risk assessment, and make holistic support scalable.
Bottom line: Microfinance works when it’s more than just handing out loans. It’s about intelligent systems that democratize opportunity.
Anyone here working in fintech or community lending? What are you seeing?
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Let’s talk microbanking 💰
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