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Tag: microfinance

5 Results

  • Fighting Poverty~II

    Fighting Poverty~II

    Micro-credit has, however, earned its rightful place as one of the key instruments in the fight against poverty. However, the equivalent of the microfinance revolution for small and medium firms is still a long way away. Nobody has yet figured out how to do it profitably on a large scale. Changes in the business environment, such as improvements in the functioning of courts, may well make the difference.

    December 20, 2019
  • Micro money mess

    Micro money mess

    The hard truism is that microfinance has been saddled with misplaced expectations, and we have lost a sense of its more modest, even though critical, potential. It is actually a tool in a broader development toolbox, but in certain conditions, it happens to be the most powerful tool. It will make the poor a little more resilient, but it is not the answer on its own.

    April 20, 2019
  • Taking a big leap

    Taking a big leap

    What began as a microfinance group has now transformed into a small finance bank with its footprints across Indian metros. It is none other than Bengaluru’s Ujjivan Small Finance Bank Limited. A subsidiary of Ujjivan Financial Services Limited, there’s no stopping the small finance banking institution that forayed into the banking sector in the age …

    May 11, 2017
  • Microfinance institution launches ‘financial literacy app’

    Microfinance institution launches ‘financial literacy app’

    Microfinance body Microfinance Institutions Network (MFIN), on Tuesday launched an android-based application called ‘financial literacy’ for microfinance customers in India. The financial literacy app will be available in multiple languages including Hindi, Marathi, Telugu, Tamil and English. “Micro credit has contributed in improving microfinance beneficiaries’, especially women’s, financial and social status, it is also crucial that …

    April 25, 2017
  • Pvt bank hits 1 million micro-borrowers mark,rules out buyout

    Pvt bank hits 1 million micro-borrowers mark,rules out buyout

    Private lender Axis Bank has touched 1 million micro-borrowers mark and is not keen on acquiring stake in any microlender, a senior official has said. Three years after getting into the segment, the bank touched 1 million borrowers mark recently and all of them are women who have availed of credit through the joint lending …

    April 16, 2017