In the last few decades, Microfinance has become a popular tool in reducing poverty, particularly after the successful impact of Grameen Bank in Bangladesh. There are crossroads between increased humanitarian work and commercialization at which the microfinance industry is standing (Emily, 2005). Micro financing is not successful everywhere but only in some of the regions. In Latin America and Asia the microfinance providers have been the world leaders, and build the significant microfinance industries
Ben and Jerry established a firm relationship with the local authorities due to their extraordinary CSR. Therefore, it may also result in a use of more local government land compared with their competitors which grant them the apparent competitive advantage (Ben and Jerry’s
expected to experience products and services at par with the urban population. HDFC bank has used this opportunity and developed a blend of unique models and strategies for accessing the needs of the local population. Some models are ‘Hub and Spoke model’ to extend services for unbanked and remote locations, ‘Grameen model’ to bring easily reachable rural bank branch. Through the ecosystem-oriented strategy, HDFC bank actively collaborated with Punjab Grains Procurement Corporation (PUNGRAIN) and provided
and policies be harmonized to ensure that new entrepreneurs have a one stop shop and to ensure better management of the Government’s objective. Government policy makers should equally begin to consider the possibility developing a version of the Grameen Bank type lending model which takes into consideration peculiarities of the Nigerian business environment- this has the potential of solving the challenge of access to finance. It is highly recommended that the government on all levels take steps to
subsidized.The main actors here are NGO micro finance and Government agencies Dondo (1997). The formal sector comprises institutions that are financially self-sustaining and have operated in the financial sector for a long time. These include commercial banks insurance companies andsaving and credit co-operative societies (SACCOS). Due to the unreliability of informal systems and the difficulties in lending conditions of formal financial sector, majority of micro-enterprises can only gain access to credit