Due to liquidity crunch, and rise on interest rates, we can expect that micro finances will also face higher cost of funds. However, they are still limited to 15% max lending rates to public. Thus lower profit. However, some microfinance prices have fallen very hard. So what are your views on micros on current scenario?
Today sustainable development is one of the biggest challenges. Microfinance Development tools initiative for sustainable development as empowerments are recognized.
Is microfinance a part of development economics or financial economics? Or is it a combination of both?
Which of the above three is good for short term trading?
Pretty open ended question. I remember a lot of discussion around this a few years ago and that seems to have died down and possibly replaced by UBI as the next big poverty beater. Was the idea disproven or shown to not work? Looking for more recent discussions/answers or even examples of successes failures than seems to be out there right now. Thanks!
Machine translation: The International Blockchain Monetary Reserve (http://ibmr.io), an economic development agency, has launched ARCC.one, a crypto microfinance platform for financial inclusion built on the Algorand blockchain.
IBMR provides support and new financial options when traditional microfinance and international remittance assistance are insufficient to overcome the global economic damage caused by the Covid-19 pandemic.
ARCC.one offers users a way to earn free cryptocurrency tokens in exchange for completing a socio-economic survey covering everyday topics such as personal finances, health, hygiene and public transport. The survey data is recorded anonymously and uploaded to a blockchain, providing a secure and verified real-time picture of the local socio-economic situation. The cryptocurrencies earned can then be invested and grown as 'micro-assets' through the asset management services available on the platform. Cryptocurrencies and their globalised network can take microfinance beyond microloans and remittances to direct and accessible wealth creation.
ARCC.one is a mobile web-optimized platform that includes a cryptocurrency wallet, digital identity system, loss-free lotto savings, asset management, and survey reward system. It will gradually be rolled out to other markets around the world.
Sinjin David Jung, Managing Director of IBMR.io, said: "ARCC.one is the first of its kind in the world. Sinjin David Jung, Managing Director of IBMR.io, said: "ARCC.one has been working hand-in-hand with Algorand for two years on research, planning and software development. The best real-world use cases for cryptocurrencies are actually in the developing world, where access to global borderless finance can make an immediate difference to the lives of millions of people today.
The ARCC.one platform is a breakthrough in economic development because the current financial model relies on a credit/debt cycle that perpetuates the exploitation of the rich/poor, social inequality and the urban working poor. Users can easily access the ARCC.one platform from their mobile phones and earn cryptocurrency tokens for free. By using the platform's asset management services, users can participate in the crypto market without having to bring in local money, which is used f
... keep reading on reddit β‘Here is the news. Can anyone confirm?
I think there will be unintended consequence where people will buy more microfinance shares now that it's available and the price will not change after all but could further go up. What say?
Also I don't think banks have enough holdings to significantly influence the price.
What do people think of services like these? I'm talking about the likes of Flender, LinkedFinance, Mintos etc.
I've only used Flender myself but been happy with it so far. I only invest small amounts but I do like the fact that it's being used to support Irish SMEs. I've heard some P2P lending horror stories but they seem to have a good track record.
