Microlending has been a high-touch, labor intensive endeavor, making it expensive and suppressing supply. Meanwhile, new internet-based technology is changing the microlending process, allowing for cost reduction, increased efficiency and volume. Adopting industry best practices in lending from CAMEO’s Micro Lending Academy can help you stay competitive.
- Micro Lending Academy: Lending Life Cycle and Technology June 15, 2016
We know that FinTech’s technology led to an explosion of online lending, much of it usurious. Across the country, CDFIs are building their own online platforms for quality community lending — including our own Robert Lopez, COO of Valley Economic Development Corporation in Los Angeles.