MICROCAPITAL BRIEF: Microfinance Insights Releases Report, “Is Information and Communication Technology Fueling the Growth of Microfinance?”

Microfinance Insights, a publication produced by the social-sector advisory firm Intellecap, recently released a survey report titled, “Is Information and Communication Technology Fueling the Growth of Microfinance?” The report, which looks at data from 180 microfinance institutions (MFIs), explores the use of technology in the microfinance industry.

The survey results show that while 70 percent of MFI clients use a mobile phone, only 14 percent of MFIs offer services through mobile phones. In addition, 17 percent of MFIs have a concrete plan to start mobile banking and 78 percent are interested in offering loan repayments through mobile phones.

A copy of the survey report is available to Microfinance Insights subscribers for free. Non-subscribers may download the report for INR 400 or USD 10.

By Stefanie Rubin, Research Associate

About Intellecap:

Intellecap is a social-sector advisory firm that aims to provide market-based solutions to help enhance the business practices of social enterprises. Its services include microfinance development, technology solutions, investment banking, Business consulting, and others. It currently holds offices in both India and in Palo Alto, California, USA.

Additional Resources:

Source Article: Microfinance Insights: “Microfinance Insights releases its latest Survey Report titled: Is ICT Fueling the Growth of Microfinance?” https://www.microfinanceinsights.com/comments_tab.asp?id=146

MicroCapital Universe: Intellecap: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Intellecap

Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/

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