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microfinance

microfinance

Discuss microfinance within the General Talks forums, part of the Management Students Voices ( MBA,BMS,MMS,BMM,BBA) category; is microfinance a tool for eradicating poverty in india. Advertisements...

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Karthik Vinnakota
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microfinance - October 20th, 2010

is microfinance a tool for eradicating poverty in india.
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Re: microfinance
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Dimpy Handa
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Re: microfinance - October 21st, 2010

•Microfinance is the provision of financial services to low-income clients, including consumers and the self-employed, who traditionally lack access to banking and related services.
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Karthik Vinnakota
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Re: microfinance - October 22nd, 2010

then what about the new coming daily in new papers.
charging high interest rates-causing death of women?
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Re: microfinance - October 24th, 2010

yes ofcourse but its being misused or the politicians are corrupting. if its implemented in the right it will work
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Paramjeet Gupta
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Re: microfinance - October 24th, 2010

Subbarao had taken a serious note against using muscle power by the Microfinancing agencies.

It is no doubt a great tool to eradicate poverty as is established by Muhammad Yousuf of Bangaldesh getting a Nobel Peace prize for his active role in Grameen bank ( microfinance) .
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Karthik Vinnakota
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Re: microfinance - October 26th, 2010

exactly.micro finance main moto is to eradicate poverty and women empowerment.as per the news they are charging highs interest rates in around but not exactly it i
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Paramjeet Gupta
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Re: microfinance - October 27th, 2010

One cartoon in Hindu depicts the various farmer being decorated in the SLides ( for microscope) and are being observed in the lenses marking interest rate as 30, 40 and 50 %.
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Karthik Vinnakota
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Re: microfinance - October 27th, 2010

not exactly.i am working on the interest rates of microfinance. i will post by 2 day evening
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Dimpy Handa
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Re: microfinance - October 27th, 2010

I am not aware of that current interest rate, but have an idea that it is too high. Here the question is that if microfinace main moto is to eradicate poverty and women empowerment, then why the interst rates are too high?
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Re: microfinance
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Karthik Vinnakota
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karthik.
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Re: microfinance - October 27th, 2010

interest rates charged by mfi is 28% exactly
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