Bring innovative financial products to low-income families once considered “unbankable.”
Out of a population of 80 million, it's estimated that only 20 percent of poor households in the Philippines have access to financial services. Until recently, the Philippine microfinance sector demonstrated limited outreach and performance. However, greater access to commercial sources of funds is helping to fuel a recent surge of growth in client outreach among these microfinance institutions (MFIs).
- Economic opportunity: Expanding the capacity of local microfinance institutions and helping them reach previously unserved populations through new mobile technologies
All stories about Philippines
Philippines: Forging ahead on the digital frontier March 3, 2011
In late February I attended the Mobile World Congress, the mobile telecommunication industry’s annual conference — a mass of more than 60,000 people from all over the world, descending upon one small corner of Barcelona to talk all things mobile.
Philippines: Texting her way to a better business November 19, 2010
San Miguel is a bustling neighborhood in the centre of Manila, home to many of the jeepney drivers and low-wage laborers that make up the city’s poor.