Second, microfinance customers are scattered, and the corresponding risks are scattered.
Third, the interest rate is high. Compared with the same loan balance, excluding various fees, the bank's profit is much higher than that of traditional loans.
Fourth, it is more important for small banks to expand their popularity and improve their reputation.
Fifth, many small banks are too weak in the competitiveness of large loans, so they adopt the blue ocean strategy and compete in other markets.
Sixth, in line with the market trend, most banks have launched it now. If you don't open it, it is that the product variety is not rich enough.
Seventh, microfinance is generally a crowd tactic, so it will recruit a large number of account managers and bring other resources to banks, such as contacts, such as deposits.
Eighth, promote the marketing of other products, such as online banking, and also increase the number of accounts opened.
There are many benefits, so many banks are doing it, but many of them just respond to the call, especially the big banks.