polices that will reduce poverty gradually is the introduction to the topic of microfinance and
India where 70 percent of its population lives in rural area and 60 percent depend on agriculture (according to the World Bank reports), micro-finance can play a vital role in providing financial services to the poor and low income individuals. Microfinance is the form of a broad range of financial services such as deposits, loans, payment services, money transfers, insurance, savings, micro-credit etc. to the poor and low income individuals. The importance of micro-finance in the developing economies
clearly explains the essence of microfinance and its importance in the modern economy. Microfinance is a source of financial services and resources to the small entrepreneurs, villagers and less privileged section of the society. In December 2007, Forbes has brought out a special magazine on microfinance and has described microfinance as the next buzzword. Global Context and History The concept of microfinance is not something new. In fact, the history of the microfinance goes back as early as the 15th
CHAPTER 1 INTRODUCTION 1.1 Introduction The banking institutions play an important role in ensuring efficient financial system and thus contribute to economic stability. The households, firms and governments are reliant on banking institutions to obtain financial resources to meet the capital requirements and necessities fulfilment. As a result, there is variety of contracts especially a debt-based has been introduced. There are many products that are introduced into the needs of the unit shortfall
Self Help Group(SHG) - Bank Linkage System in Microfinance *Dr.Meeta Meshram Associate Professor, Sinhgad Institute of Management and Computer Application, Narhe. Pune . **Dinkar Hajare Assistant Professor, Dnyanganga College of Education ,Sinhgad Road, Pune. ___________________________________________________________________________ Abstract: Self Help Groups are small Group of members ,who saves the amount on regular bases
own income it would reduce being dependent on the husband and increase the power of women. According to “Microfinance: empowering female entrepreneurs” it explained when the women have resources of their own and don't have to beg their husbands for money, it changes the family dynamic. Suddenly the Woman in the family is seen as an
building of NGOs and SHGs. Realising the potential in the field of microfinance, the government allowed various private players to provide microfinance in the country. These private microfinance providers, commonly known as MFIs, are various NGOs, Non-banking Financial Companies (NBFCs) and other registered companies. Many state governments amended/passed their State Co-operative Acts to use co-operative societies for providing microfinance. These days many public and private commercial banks, regional-rural
Abstract Purpose of the study was to study the factors affecting customer satisfaction in banking sector of Pakistan and to find the connection between service quality, customer satisfaction and customer loyalty. Research of the study is quantitative and surveys research method has been used in it. Data was collected from different such as: Khairpur and Sukkur. Results of his study show that there is important correlation between service quality and attributes and customer satisfaction. It also
I have chosen the autobiography of Muhammad Yunus which is named “Banker to the Poor” written by Muhammad Yunus himself and Alan Jolis as the focus my book report which focused on economics and poverty. The book was published by PublicAffairs in 1999 with 288 pages in paperback. Muhammad Yunus is a social entrepreneur, banker, economist and a professor of economics at the University of Chittagong. He is the founder of Grameen Bank and was awarded with Nobel Peace Prize in 2006 for creating a bank
Microloans are typically somewhere between $50 and $100, but this can vary widely. The smallest loan described was twenty five cents to a woman who needed to buy bamboo to make bamboo carpets; the largest was around $3000 to a woman who needed her husband to run errands for her on a motorcycle. Borrowers usually set up businesses based on the needs of the community. For many, this is food-related, such as selling buffalo milk, fishing, raising chickens, or rice husking. Other businesses revolve around