Bookcover of Microfinance
Booktitle:

Microfinance

Problems Faced by Microfinance Institutions and Measures to Solve it

LAP LAMBERT Academic Publishing (2012-04-24 )

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ISBN-13:

978-3-659-10726-9

ISBN-10:
3659107263
EAN:
9783659107269
Book language:
English
Blurb/Shorttext:
The age old saying, “India is a rich country where poor people live”, still holds well. In the present era there is a need for practical and workable solutions to improve the socioeconomic conditions of the poor in India, thereby helping in wiping out the deep-rooted problem of poverty. Globalization has brought substantial benefits around the world, but in many developing countries it is contributing to a growing disparity between the rich and the poor. Microfinance emerged as a noble substitute for informal credit and an effective and powerful instrument for poverty reduction among people who are economically active but financially constrained and vulnerable in various countries. It covers a broad range of financial services including loans, deposits and payment services, and insurance to the poor and low-income households and their microenterprises.Persuaded with the potential role of micro financing in alleviating poverty, the South Asian countries especially India&Bangladesh have been actively pursuing the policy of setting up formal network of microfinance institutions. These institutions include NGOs/NBFCs and government sponsored programs.
Publishing house:
LAP LAMBERT Academic Publishing
Website:
https://www.lap-publishing.com/
By (author) :
Brijesh Rupapara, Jitendra Patoliya
Number of pages:
188
Published at:
2012-04-24
Stock:
Available
Category:
Law, Occupation, Finances
Price:
68.00 €
Keywords:
Micro loans, Micro deposits, Micro insurance, Low rate of interest, Empowerment of poor.

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