Open Source Technology for MicroFinance

The following video about Grameen Foundation looks at how microfinance works, considering an example for the Nigerian microfinance scene (LAPO) and highlights the concept of social collateral. We also learn how financial innovation has led to innovation in technology, as software developers become interested in creating open source information systems for microfinance institutions (such as mifos). This leads to better integration of microfinance institutions with donors and banks, as well as investors.

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