Title: Microloans in rural areas through mobile phones
Author: Jorge L. Alonso G.
Source: FrontlineSMS:Credit
Date (published): 03/12/2009
Date (accessed): 04/12/2009
Type of information: blog post
Language: English, Spanish
On-line access: yes (HTML)
Abstract:
Soon the rural populations of Latin America and the Caribbean (LAC) will have access to microloans, savings and insurance against the unexpected …… and all through their mobile phones. This is indicated by trends in microfinance institutions (MFIs), increasingly advanced mobile payment systems and the emergence of open source programs that serve as a bridge between the two.

This post will briefly explain how MFIs and mobile payments work, how open source software can facilitate financial inclusion and what challenges face this process.
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