Yes, we do have some external borrowings which contribute to about 20% of our funding structure, but mostly from like-minded investors/wholesale lenders.
Yes, none of these debts are secured, therefore subordinated in nature.
[Question by Peter Knaack]
What role can CGAP and other multilaterals play in this area beyond technical work on regulatory obstacles/enablers? Would financial coops appreciate advice on business models, or even IT platform solutions?
[Question from Raesibe M.]
How can we accelerate knowledge and competency to enable digital transformation as a development agency and what would be possible measures of success in the digital transformation efforts?
Can you expand on the regulatory constraints to digitization? I generally see them as limitation from the Central Bank and commercial banks that don't want CFIs to have direct access to payment systems, not the CFI supervisors themselves limiting CFIs, as such they are more constraits to competition.