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BRIDGING THE GAP, ONE NANO STEP AT A TIME

FINAP Worldwide
FINAP Worldwide
FINAP WorldwideFINAP Worldwide

The role Nano lending plays in financial inclusion and poverty alleviation and the distinctions between Nanofinance and Microfinance. Nano lending plays a crucial role in advancing financial inclusion and alleviating poverty by extending financial services to individuals who are often excluded from traditional banking systems. This innovative approach, distinct from traditional microfinance, focuses on providing even smaller-scale financial services, catering to the needs of the most economically vulnerable populations.

BRIDGING THE GAP, ONE NANO STEP AT A TIME

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The Software Company
www.finapworldwide.com
BRIDGING THE GAP,
www.finapworldwide.com
-
It is a revolutionary approach to financial inclusion.
It's all about accessibility, simplicity, and empowerment.
Nano operates on a small scale, addressing the critical
needs of the very poor.
Nanofinance helps the most financially vulnerable when
microfinance falls short.
www.finapworldwide.com
-
MICROFINANCE NANOFINANCE
W
h
a
t
i
s
t
he difference? Are they differ
e
n
t
w
o
r
d
s
for the sam
e
t
h
i
n
g
?
www.finapworldwide.com
-
Microfinance serves the underserved.
Nanofinance serves the unserved."
Microfinanciers;
Are institutional lenders
Have rigid structures
Have relatively high operational costs
Nanofinanciers;
Are non-institutional lenders
Have much more flexible terms
Have very low operational costs
MFIs
www.finapworldwide.com
-
High interest rates and transaction costs can be barriers.
Many are left out due to fear of formal financing.
Microfinance has now become increasingly similar to the
banking industry, charging high-interest rates, and offering
complicated financial products, leaving customers
(financially) worse off than they were before.
MICRO NANOFINANCE
www.finapworldwide.com
-
Flexible credit for MSMEs.
No need for steady income, payroll, Credit history, or
collateral.
Caters to emergency needs: food, healthcare, education,
and more.
Creates a community within the community.

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BRIDGING THE GAP, ONE NANO STEP AT A TIME

  • 2. www.finapworldwide.com - It is a revolutionary approach to financial inclusion. It's all about accessibility, simplicity, and empowerment. Nano operates on a small scale, addressing the critical needs of the very poor. Nanofinance helps the most financially vulnerable when microfinance falls short.
  • 3. www.finapworldwide.com - MICROFINANCE NANOFINANCE W h a t i s t he difference? Are they differ e n t w o r d s for the sam e t h i n g ?
  • 4. www.finapworldwide.com - Microfinance serves the underserved. Nanofinance serves the unserved." Microfinanciers; Are institutional lenders Have rigid structures Have relatively high operational costs Nanofinanciers; Are non-institutional lenders Have much more flexible terms Have very low operational costs MFIs
  • 5. www.finapworldwide.com - High interest rates and transaction costs can be barriers. Many are left out due to fear of formal financing. Microfinance has now become increasingly similar to the banking industry, charging high-interest rates, and offering complicated financial products, leaving customers (financially) worse off than they were before. MICRO NANOFINANCE
  • 6. www.finapworldwide.com - Flexible credit for MSMEs. No need for steady income, payroll, Credit history, or collateral. Caters to emergency needs: food, healthcare, education, and more. Creates a community within the community.
  • 7. www.finapworldwide.com - Nanofinance goes further than microfinance in reaching the unbanked and the underbanked. Reaches even the remotest corners of the world. No income or collateral? Nanofinance has got your back. Empowering communities with financial independence.
  • 8. www.finapworldwide.com - FirstMicro is the world's only application tailored exclusively to serve over 2 million nanofinance providers. It marks a groundbreaking milestone by setting a new standard in the global nano lending industry. FirstMicro's unified platform breaks down borders. Empowering the financially underserved, one loan at a time. A catalyst for a more inclusive financial future. Join us on the path to financial inclusion.
  • 9. www.finapworldwide.com - Affordable pricing Multilingual system The 3-minute customer onboarding process Biometric verification for speed of transactions The shortest time to grant a loan Real-time double-entry processing Access in respective time-zones Databases available in multiple zones guaranteeing 99.999% system uptime Option to operate as a Shariah-compliant user Quick & easy data migration process Simple user configuration – register, subscribe, & start using Real-time transactional processing (No EOD required)
  • 10. www.finapworldwide.com - I learned that the fastest and most certain pathway forward to the future we all want and need, peaceful, prosperous, beautiful, is through economic elevation of the absolutely poor. - Prof. Jordan B. Peterson