Microfinance institutions or MFI are one of the strongest partners of rural economy where there is still a need of banking penetration. In many parts of India and also in many parts of the world these MFI are helping poor mass to conduct banking transactions in the absence of any banking institution. With the development of smartphone technology and internet into the rural areas, now most of the rural areas are connected with internet and smart technology solutions. This helps the microfinance institutions to go digital and help the poor with their basic infrastructure.
A system of ordering society whereby people are divided into sets based on perceived social or economic status.
A set or category of things having some property or attribute in common and differentiated from others by kind, type, or quality
A Group of people for learning something