What is Alternative Finance?
Microfinance has sought out the customers that banks ignored, making financial services available to people at the ‘Bottom of the Pyramid’ (BOP). Microfinance is now widening to Alternative Finance, including the essential credit, savings, insurance and payment services needed by Micro, Small and Medium Enterprises (MSMEs). The ‘Bottom of the Pyramid’ (Tier 4 in the […]
How Does iMAP Crack the i-Myth?
The article in Tuesday 27 May 2014’s Evening Standard (London), “End of the peer-to-peer is a long way off” again reaffirms our view at Learning Without Borders. Banks are failing to serve their SMEs and other customers. Alternative Finance, such as Peer-to-Peer lending, mobile money and new types of insurance, is filling this gap. But […]
What Banks Can Learn from Microfinance
The microfinance sector is rapidly growing across the world, bringing banking and financial services to people that have been long-ignored by traditional banks. By experimenting with new technologies and channels of distribution, microfinance is changing the world of finance and banks have taken notice. On Wednesday, 30 April 2014, the UK Microfinance Club hosted Ian […]