Microfinance

First of all, I really like his approach to overcome the cause of today`s most demanding social problems. It`s not a typical first-world “we know the best” approach, rather a businessman making his journey into the real world, finding different vision every time he fails and happily using his optimistic character to strike problems. In the book, he compared poor people with 'bonsai ' tree and remarked that if we could help poor people out of poverty by creating an enabling environment, then it…

A Case Study of The Mann Deshi Mahila Sahakari Bank (MDMSB): A Model of Financial Capability through Social Entrepreneurship Ms. Minakshi Balkawade, Assistant Professor, St. Mira’s College for Girls, Pune, Maharashtra Savitribai Phule Pune University Abstract Economic development in terms of poverty alleviation and gender equity is at the root of all State-run programmes in almost all emerging economies, including India. However although the Indian government has constantly launched…

In India 21.9% people live below the poverty line. The overall percentage of households availing banking services in India stood at 59 percent in 2011, implying that nearly two-fifths of the population in India still remains unbanked. Micro finance has the ability to empower the poor to create the jobs, to raise incomes and to avail loans without collateral security and minimum documentation. The study put lime light on the role of Kaveri Grameea Bank in providing micro finance through SHGs.…

India is one of the most successful counties where microfinance project has been somewhat successful. Because of the nature of microfinance itself, it is almost impossible to say that this project truly helps people getting out of poverty. True, microfinancing provide the ability to have a more stable source of income. However, it is debt that…

there was a need of such a programme which must be flexible and collateral free to fulfil the credit requirements and other needs of underprivileged classes and women. So, as per the need of time, a new concept of financing to the poor known as microfinance, emerged and became increasingly important mainly due to free from collateral and their better access to local knowledge and information at community level and their use of peer group monitoring. According to the accepted definition, micro…

Mohana Rao R.M., “A Study of Women Self-help Groups in Andhra Pradesh”, (Andhra University, 2000. ) 2.. Stephanie Janet Microfinance: its impacts on Children and Women." These study explore the type of impacts that microfinance can have on women and children. More specifically, it examines: the impact on women: women empowerment; women knwoledge of health, nutrition, and other basic social services messages the impact on…

villagers access to computers, computer courses, and the Internet, HiH sought to bridge the prevailing digital divide between rural and urban India. As Indian poor people are uneducated they cannot implement successfully. • The objective of the microfinance initiative was both to alleviate rural poverty and empower women. HiH’s activities in this area included the formation of SHGs, the provision of microcredit, business training and mentoring for SHG members, and the formation of new…

Micro-Financing and Poverty Reduction The major objective of microfinance is to help the poor in order to generate income by themselves and to reduce the poverty level of the country. It serves as one of the strategies in reducing poverty. Ethiopia is one of the poorest countries in the world. Plans to reduce poverty are central to the government’s development agenda, and many policies, goals and objectives are focused on targeting the poor. Microfinance is considered by the government to be…

Problems in Nakchu Implementing a microfinance problem in Nakchu, while set out in good intentions at its core, proved to be even more complicated than originally predicted. The TPAF was aware of the pre-context of a project in such an isolated community, but had made the decision a program was worth working through these issues. On a purely geographical scheme, the Northern part of Tibet is historically a nomadic land, with very limited prospects of agricultural development (Stuart et al, n.d…

It is vital to make federal institutions more accessible to the impoverished population in order to strive toward social inclusion. Many American’s who fall beneath the poverty line restrain from seeking federal aid due to the complicated path of receiving financial relief. In 1996, the Welfare Reform Act was passed and on the surface seemed to present a wide variety of benefits and provisions for those who rely on welfare. According to reports, within three years of the reforms existence…