Similar to my last 4 posts in my series on "financial services for next billion?", in this one I have covered chapter 5 of the book – Portfolios of the poor in Q&A format, covering pieces around how poor people create and manage the large sums of money. Why micro-finance rates are so high? "those institutions serving … Continue reading Financial services for next billion? [Part 5] The price of money
I took a long time to write down the part 4 of my series - "financial services for next billion" as I was busy shifting from a co-living space to a studio apartment, so that I can better focus my energy towards my work as a hustler and not get distracted as well as overwhelmed … Continue reading Financial services for next billion? [Part 4] – Managing large sums of money
This is the second in a series of articles on “Financial services for next billion?” that will be based on the book - Portfolios of the poor. Similar to my last post, in this one I have covered chapter 2 of this book in Q&A format, covering pieces around triple whammy, informal financial instruments, designing financial products … Continue reading Financial services for next billion? [Part 2] – Triple Whammy
Lending - how to trust the borrower? A lender trusts the borrower by having some due-diligence and checks/balances. This is what the banks and financial institutions have been doing since their inception. So, the critical piece boils down to how to do the due-diligence because that will determine the fraud and credit model for any … Continue reading Fin-tech disruption – how to trust the borrower?
"We will always need banking but we will not always need banks"~ Bill Gates Why do I care to write about this? After spending some amount of time in impact investing and seeing the landscape, looking at companies, and operating in a social venture in ed-tech space as a founding member, I realized the most … Continue reading fin-tech or tech enabled banks?