Access via sign-up on the event app or by invitation only.
With one of the most extensive points of sale and agent networks in the continent (e.g. 1,700 PoS in Morocco), microfinance institutions are hindered by heavy reliance on physical infrastructure. Partnerships with traditional institutions could diversify microfinance offerings (e.g. savings, payments, insurance), yet micro-lending prevails as the focus for low-income populations. High allowable microfinance interest rates, face growing scrutiny over their poverty reduction impact. As African regulators seek to enhance microfinance institutions’ role, a roundtable of stakeholders assesses how to better serve the low-income segment.
Key points:
- Moving from people-intensive distribution models to a leaner digital and data-based approach
- Achieving lower interest rates through expanded AI & machine learning credit scoring
- Using micro-credit as an anchor to serve consumer micro-savings & micro-insurance needs