Microfinance and Mobile Banking: The Story So Far
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چکیده
Kalanda, chief executive officer of Opportunity Bank in Malawi, sat in his office reviewing strategic plans for 2008.1 The commercial microfinance bank had doubled in size once again in 2007, and now had more than 150,000 customers.2 In a country where 80 percent of the people live in rural areas with little infrastructure, Opportunity Bank knew that traditional models of microfinance would not bring scale fast enough. The bank had already used technology to develop alternative distribution channels like biometric automated teller machines (ATMs), mobile vans, and kiosks in marketplaces equipped with pointof-sale (POS) devices.3
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Performance Analysis of Banks and Microfinance Institutions in India
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