The global market for Microfinance is projected to reach US$313.7 billion by 2025, driven by the rising inequality in wealth distribution and the resulting increase in the number of unbanked people. The wealth divide between the billionaires and the bottom 50% of humanity is continuing to increase.
Microfinancing is one of the ways to pull people out of extreme poverty. The world’s poorest countries are the top markets for microfinance initiatives.
This research paper aims to highlight the important role microfinance plays in developing economies, the microfinance landscape in Indonesia, and a case study on how Bank Rakyat Indonesia (BRI), the largest microfinance institution in the world, sets to achieve their financial inclusion goal.
Read the whole paper here - https://drive.google.com/file/d/1KW41sJMhhYBxuP6L9B0IQP2LDdi_t4jc/view?usp=sharing
