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There has been a need for traditional microfinance to face the challenge presented by digital technology for some time, COVID has simply accelerated this process.
Belgian development finance institution BIO shares the results of their client survey and how they are changing their practices to better support MFIs
Will fintechs take over microfinance? Can traditional microfinance lenders survive? How? Elisabeth Rhyne of the Center for Financial Inclusion at Accion answers these and other burning questions.