Credit Only Microfinance Institutions

MFI Expert helps Credit Only Microfinance Institutions succeed in their digital transformation, increase outreach and improve portfolio quality. With our solutions MFIs are able to digitize operations and achieve operational efficiency, improve data quality and speed, scale with quick to market solutions, compete through new products and better service and ease transformation to full banking services.

Credit Only Microfinance Challenges

Cost of Outreach

Reaching the unbanked populations means servicing small loan amounts and servicing remote and sparsely populated areas, which can be dangerously unprofitable without high rates of process automation.

Lack of scalability

Smaller microfinance systems often struggle to preserve the profitability and performance in these markets, as the number of MFIs increase in the Market. This results in setback to the growth of Microfinance Institutions.

security challenges

The customers serviced by Microfinance instructions are usually the ones having none or very limited official identification or able to provide tangible security, this makes it difficult for institutions to offer their services.

Geographic Factors

Around 60% of MFIs agree that the Geographic factors make it difficult to communicate with clients of far-flung areas which create a problem in growth and expansion of the organization.

Limited budgets

Making provisions for large upfront investments is not possible for most of the MFIs which limits their capability to purchase world-class banking solutions that can help them fulfil their requirements and support their growth targets.