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Asia Pacific Microfinance Forum
MICROFINANCE EVENT: Asia Pacific Microfinance Forum; October , ; Singapore - MicroCapital
Yet, East and Southeast Asia have made huge progress in terms of reducing poverty and developing economies. Right now, many of these developing countries look like post-war Europe in the s: there is a lack of education, hygiene, infrastructure and extreme poverty is still visible and omnipresent. However, this path is not all rough either and much research is available though not always accessible to everyone on how to make it all the way to a sustainable future, rid of absolute poverty in Asia. They were set in and are to be reached by A lot of people have criticized the MDGs for being unrealistic and unachievable from the start.
MICROFINANCE EVENT: Asia Pacific Microfinance Forum; October 30-31, 2018; Singapore
Some of the biggest challenges MFIs struggle to overcome today are high operating costs, scalability and low earnings. And it is widely believed today that the provision of financial technology fintech innovations is expected to help MFIs reduce their costs, increase operational efficiency and remain competitive in the rapidly changing financial landscape. Additionally, new players like fintech-based lenders and mobile network operators are entering the microfinance industry and targeting the unbanked and the financially excluded segments. How successfully MFIs respond to this dynamic and competitive environment will also determine which actors will survive remain more relevant within the financial inclusion industry in the near future.
Today Microfinance sector has undoubtedly become more dynamic so that the financing requirements are more complex. MFIs are undergoing various transformations in their structure; adapting their business models into different types of financial institutions such as small banks. The need for a well-functioning regulatory framework is evident. Transparent management of funding and a better functioning client protection mechanisms are increasingly in demand.