Micro Finance in Simple VIEW....
Micro Finance is a one kind of Development tool for eradicate poverty. Mainly micro finance is very popular in developing countries. We cant find very clear specific definition for Micro Finance, because its depend on trend of economy in country & visions of MFIs.
In simple way we can consolidate Micro Finance as " CREDIT PLUS SERVICES". Earlier it was a financial services to poor community, but day by day its change as " Financial services to Needy people" (in general view). Because MFIs need to achieve their institutional sustainability level, to expand their services with huge competition in the ground level. Therefore practical definition is " Credit plus services to needy communities, who cant reach to banking services"
And the main thing is, maximum MFIs do not like to expand their services to ultra poor communities. They mainly focus, people who living around the poverty line. Because they are very keen about their clients cash flow.
Unfortunately maximum MFIs moving from social mind to Commercial mind. They don't like to analyze Social impact of micro finance, they just selling money.
BUT WE CAN DO IT DIFFERENT WAY.... THINK BIG >>>>
Micro Finance is a one kind of Development tool for eradicate poverty. Mainly micro finance is very popular in developing countries. We cant find very clear specific definition for Micro Finance, because its depend on trend of economy in country & visions of MFIs.
In simple way we can consolidate Micro Finance as " CREDIT PLUS SERVICES". Earlier it was a financial services to poor community, but day by day its change as " Financial services to Needy people" (in general view). Because MFIs need to achieve their institutional sustainability level, to expand their services with huge competition in the ground level. Therefore practical definition is " Credit plus services to needy communities, who cant reach to banking services"
And the main thing is, maximum MFIs do not like to expand their services to ultra poor communities. They mainly focus, people who living around the poverty line. Because they are very keen about their clients cash flow.
Unfortunately maximum MFIs moving from social mind to Commercial mind. They don't like to analyze Social impact of micro finance, they just selling money.
BUT WE CAN DO IT DIFFERENT WAY.... THINK BIG >>>>
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