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The State of Digital Microfinance in Bangladesh

Abstract

The Microfinance industry in Bangladesh is growing amidst renewed competition from the banking sector and new agent banking initiatives. As the industry tackles challenges of high cost of borrowings and expansion of business, digitization of transactions is gradually starting to take precedence.

Digitizing transaction has the potential to reduce cost components, increase efficiency and streamline operations, which would allow microfinance institutions to deliver greater value to their clients. Just a 15% increase in transaction digitization would positively affect the lives of close to 4.5 million women borrowers.

Digitization of transactions would not only help microfinance institutions increase efficiency but potentially reduce interest rates and cost of borrowing for its underprivileged borrowers.

This study was produced and published with the support of The Bill & Melinda Gates Foundation and focuses on the current state of digitization and the unexplored opportunities in the microfinance industry. 

LightCastle Partners

LightCastle Partners (LCP) has dedicated capabilities to provide top of the line collaborative opportunities. We have developed service suites to best work together with our clients. Data is our best friend and we want it to be yours too. Ranging from data collection to analysis to solution implementation to tracking progress – we provide the complete value chain of expert services to help you chart your unique impact story.

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