Microfinance Microfinance targets lower income levels 100 million people >US$20,000/yr For the past 50 years, Grameen Foundation has analysed micro financing trends and these demonstrate that lending to the poor haslowdefaultrates. 1.7 Billion People US$1,500 - US$20,000/yr Activities in Asia are developing thanks to microfinancing but many people still do not haveaccesstobasicfinancial services. Near Poor US$730 - Upper Poor US$1,500/yr CH < US$360 - Poor TE Commercial Banks US$730/yr 4 Billion N People I F F Credit Unions O < Destitute TE Microfinance US$360/yr TA S E TH Source: VISA International, World Bank, C.K Pralahad The Future of FinTech in Asia Pacific: Financial Inclusion 53