UAE banks are gradually entering the micro-finance space by offering strictly short-term loans to blue-collar workers who would typically not feature on their loan books. The demand for such loans already exists, and for the borrowers the funds received would come in handy to meet immediate requirements.
And at the same time, ensure that they pay it back on time.
Micro-finance is still a new area for banks in the UAE. But some lenders are seeing definite potential in tapping this underserved space.
