This chapter analyzes the microfinance background to provide a framework for MicroFinTech applications. The description starts with an analysis of the economic lives of the poor, showing why traditional banking is unfit for their needs. The key features of microfinance are described, together with its governance concerns.
CITATION STYLE
Moro-Visconti, R. (2021). The Microfinance Background (pp. 9–55). https://doi.org/10.1007/978-3-030-80394-0_2
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