/home/leansigm/public_html/components/com_easyblog/services<title>High-Tech Credit Providers-A Competitor for Traditional MFI's?</title>
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	<h1>High-Tech Credit Providers-A Competitor for Traditional MFI's?</h1>
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			<span class="post-date">May 30</span>

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				Posted by <a href="/forum/user/2268-satadhriti-chakrabarty">Satadhriti Chakrabarty</a>				in <a href="/blog/categories/technology">Technology</a>			</span>
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	<p>Low-tech micro finance institutions(MFI's) can capture the base-of-pyramid(BoP) population effectively. Taking the client's need into consideration from a sympathetic mindset, traditional MFI's have proved that high-tech credit providers are their complements and not substitutes. High-tech services can serve a very low percentage of the targeted population because of its prerequisites of smart technological availability which is still a rarity. Small transactions can be met by the high-tech system, but for larger needs, clients prefer face-to-face interaction. Fintech in micro finance is not experimented and it must consider the basic criterion that has enabled the success of MFI's-provide credit responsibly and productively rather than a simple profit-generating motive. Read more at: <a href="https://cfi-blog.org/2017/05/11/fintech-in-microfinance-in-search-of-the-high-tech-high-touch-unicorn/#more-23611" target="_blank">https://cfi-blog.org/2017/05/11/fintech-in-microfinance-in-search-of-the-high-tech-high-touch-unicorn/#more-23611</a></p>
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		<a href="/blog/tags/low-tech-mfi">
		<span itemprop="keywords">Low-tech MFI</span>
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		<a href="/blog/tags/high-tech-credit">
		<span itemprop="keywords">High-tech credit</span>
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		<a href="/blog/tags/profit-generating-motive">
		<span itemprop="keywords">profit-generating motive</span>
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		<a href="/blog/tags/low-tech-microfinance-institutions">
		<span itemprop="keywords">Low-tech microfinance institutions</span>
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