many of us have the perception that banks are all about physical branches, ATMs, and bureaucracy for issuing loans,
Joseph argues that the traditional bank model doesn’t work well with the rural population in Indonesia.
Joseph explains that VOX has, to use his phrase, “mobile street vendors”
A total of 12,000 of them are in the outskirts of Jakarta and these vendors also act as micro-lenders.
As lenders, they sign an agreement with VOX and comply with all terms and conditions set by them to ensure that money is managed in a legal manner.