This is a facinating article that dives into the recent history of microfinance institutions (MFIs) and their efforts to push traditional financial models on the unbanked. Highlights of the article include:
- Summarizing how MFIs failed to provide sustainable solutions to the people they targeted.
- Drawing parallels between MFIs and the sharing economy and its subset gig economy.
- Providing suggestions for economic platforms that target the gig economy to avoid the past failures of MFIs.