At a busy center meeting, a woman waits, among 50 other women, for her turn to meet with her loan officer and make a weekly loan repayment. In a different village in the Philippines, one woman collects repayments from her 50 other center members, then travels the distance to the nearest commercial center to make the weekly repayment for the entire group at a bank. Now, imagine a scenario where a borrower can simply go to a retailer in her village and make her loan repayment by text message. Sound interesting?
In a rural area served by NWTF – where mobile banking could...Continue Reading >>