News
CGAP Seeks to Partner With Microfinance Providers to Digitize Lending
CGAP has launched a call for expressions of interest for microfinance institutions (MFIs) to collaborate on their digitization efforts to support micro and small enterprise (MSE) finance.
CGAP aims to support up to five MFIs in two workstreams:
- A measurement workstream to assess the impact that MFIs’ digital solutions (e.g., a customer app, field officer app, digitization of credit application process) are having on customers’ behavior and MFIs’ business performance.
- An automation workstream to automate the repeat loan process, particularly for MFIs’ existing MSE clients.
To support the workstreams, CGAP will provide technical assistance tailored to partners’ needs in various areas, including data analytics practice, product development (repeat loan automation), testing/iteration, marketing and delivery. The selected MFIs will also be invited to participate in a new CGAP community of practice (CoP) focused on digitization in microfinance. The CoP will organize MFIs along selected topics related to microfinance digitization.
Latest from Our Blog
View all blog posts
Is There a “Steel Bullet” for Helping Businesses Grow?
Financial diaries which provide microentrepreneurs with tailored business reports are helping them to grow their businesses, showing the power of access to data.
Working to Promote Food Security in Burkina Faso
Claire Lossiané of YIKRI, winner of the 2023 European Microfinance Award, reflects on the MFI’s programs to combat malnutrition.
India’s Digital Divide Threatens the Progress of Financial Inclusion
There are three key challenges that need to be addressed to fulfill the promise of India's much-lauded digital public infrastructure, as mobile phones and internet access remain inaccessible for a significant segment of the population.