Many thanks for the comment's! Digital finance is a mode; based on 100% fungibility. The word fungibility was hijacked by commercialization of microfinance; to cut cost of delivery, as individual money lenders do. This was realised through shift from unlimited liability to limited liability, leaving behind the the group lending methodology and advisory role of MF, as one of the tools of poverty eradication. New schemes such as down scale commercial lending,chasing after trapped clients is now becoming common in poor counties. Yes MF Banks have have helped commercial banks to get rid of KYC applied to poor clients. And of course; socio-financial cohesion, now most needed by the poor.
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Posted by: tahir shah <rahmeenus@yahoo.com>
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