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Micro Finance In India: Micro Finance

The book provides in depth information about the micro finance, its need, history, features, models, main players, and its importance. One of the key roles of micro finance is to provide financial services to the poor, who are neglected by the formal banking sector. Because banks tend to be found in urban areas and majority of the poor live in rural areas where financial services are not provided....

Paperback: 80 pages
Publisher: LAP LAMBERT Academic Publishing (February 16, 2014)
Language: English
ISBN-10: 3659518875
ISBN-13: 978-3659518874
Product Dimensions: 5.9 x 0.2 x 8.7 inches
Format: PDF Text djvu ebook

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Therefore, MFIs are there to reach the rural poor. Appropriate loan sizes for clients matching their needs, realistic interest rates, savings as a prerequisite, regular, short and immediate repayment periods can contribute to sustainability. If these measures to achieve sustainability are put in place, while focusing on the needs of the poorest, then both the social and financial objectives can be achieved.