Finbots for Shopkeepers #1: Sparking Growth in Corner Shops

Credit: Sokowatch

Credit: Sokowatch

Finbots for Shopkeepers Series #1

Small and micro enterprises (SMEs) are the economic backbone of emerging markets. Formal small and micro enterprises contribute up to 60% of total employment in emerging markets and create 4 out of 5 new formal jobs.

Unfortunately, many of these enterprises never reach their economic potential due to challenges such as unfavorable regulation and tax regimes, and a lack of employee trust, all of which eat into managerial bandwidth. Responding to these challenges leaves little capacity for these businesses to adopt new technologies and as a result, opportunities to boost productivity are left unmet and their economic potential remains unfulfilled.

Read more about this blog by David del Ser here