Connected by the same microchain. Why are banks and marketplaces creating their own microfinance organizations en masse?

The largest credit institutions have long demonstrated their interest in the microfinance segment. However, the number of MFOs affiliated or associated with banks has been growing rapidly in the last few years. Companies that seem even farther from the industry, such as marketplaces, are also trying their hand at lending. Elena Malysheva, Chief Commercial Officer at Summit Group, tells the PLUSworld portal why giant companies need “microbusiness” and whether this trend poses a threat to individual market players.

The largest credit institutions have long demonstrated their interest in the microfinance segment. However, the number of MFOs affiliated or associated with banks has been growing rapidly in the last few years. Companies that seem even farther from the industry, such as marketplaces, are also trying their hand at lending. Elena Malysheva, Chief Commercial Officer at Summit Group, tells the PLUSworld portal why giant companies need “microbusiness” and whether this trend poses a threat to individual market players.
Journal:  PLUS №7-8 (315-316), 2024

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