Understanding the Microlending Landscape: Slow but Steady Growth

Financial inclusion is a key enabler in reducing poverty and helps in achieving inclusive development and growth. It forms an integral part of the Sustainable Development Goals set by the United Nations. Astonishingly, around one-fourth of the world’s population lacks access to basic financial services, and in some of the countries such as Asia and Africa, less than 15% of the population has a bank account.

Microlending is one of the crucial drivers of change in the quest ...

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