The Center For Financial Inclusion blog has a lively exchange reprising the debate about formal v informal financial services, at the Extreme Inclusion conference at the Fletcher School on 2-3 May.
First, Beth Rhyne makes her pro-bank pitch here, to which I added some acerbic dissing of Big Finance, which was apparently not sufficiently acerbic for John Gitau.
Then Jenny Aker argues eloquently for the informal side here, leaving the formalistas so devastated that they haven’t yet mustered a reply.
The reference to shoes? Sorry - You’ll just have to read the blog!