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Post Tagged with: "Microfinance"

India’s Microfinance Is Losing Its Soul

India’s Microfinance Is Losing Its Soul

  Microfinance — an approach to financial inclusion based on providing small loans and other financial services to poor people, and primarily women-has generated considerable enthusiasm, not just in the development community but also at political levels In the last decade and half microfinance institutions (MFIs) in India have struggled to gain legitimacy as credible institutions even though they have[Read More…]

Making Microfinance Work For People

Making Microfinance Work For People

The claims of microfinance are not necessarily dubious but then as the saying goes, there are three sides to every story—your side, his side and the truth. The good claims are trumpeted and the bad evidence is rubbished. It is a reminder that those who provide microfinancial services   need to monitor carefully not only their positive impacts but also their[Read More…]

The Enduring Myth Of Microfinance

The Enduring Myth Of Microfinance

  Access to the right financial tools at critical moments can determine whether a poor household is able to capture an opportunity to move out of poverty or absorb a shock without being pushed deeper into debt. When microfinance-provision of financial services tailored to fit the needs of low income people – made its first appearance, everyone was infatuated by[Read More…]

Microfinance Needs To Realign Its Focus

Microfinance Needs To Realign Its Focus

Today, microfinance   — an approach to financial inclusion based on providing small loans and other financial services to poor people, primarily women —  is a global multi-billion dollar industry with operations on all continents .Microfinance had once generated considerable enthusiasm, not just in the development community but also at political levels. It was considered a marvelous innovation and was expected[Read More…]

Microfinance Can Actually Harm The Poor

Microfinance Can Actually Harm The Poor

  Microfinance continues to thrive despite   being under fire from legions of critics.  One plausible reason for the lingering faith in the power of microfinance is that it provides a convenient strategy for investors to demonstrate that that they are active fighters against    poverty   and are trying to save the poor while making a substantial amount of money from them. Microfinance –[Read More…]