Microfinance in a Disrupted World
The microfinance sector has grown dramatically over the past 50 years and is one in the main sources of financial support for the poor worldwide. Today, the lending portfolios of microfinance institutions (MFIs) are worth a combined $124 billion, and 140 million customers. In Asia, more than 65% of adults have financial access, while in Africa it is over 40%. However, 1.7 billion adults worldwide still lack access to a bank account.
Christians have long been at the forefront of micro-finance. VisionFund, Opportunity International, Hope International, and Partners Worldwide, collectively serve almost 9 million customers with over US$3 billion. They each have a slightly different focus ranging from loans as small as $50 lent to the poorest of the poor to business loans of >$10,000 awarded to entrepreneurs to tailored products for specific needs like education or agriculture.
This work gives Christians a unique opportunity to serve the poorest of the poor and the potential to influence and disciple millions of people worldwide. However, the industry is in trouble and faces significant short- and long-term threats.
This report describes some of the most pressing threats MFIs are currently facing and outlines some potential opportunities for the future of Christian microfinance.
Stay in touch
Sign up here to receive periodic insight emails and be the first to know when we upload new research and reports.
Share this report on your preferred social media network: