Microfinance: Problems Faced by Microfinance Institutions and Measures to Solve it

Rupapara, Brijesh, Patoliya, Jitendra

ISBN 10: 3659107263 / ISBN 13: 9783659107269

Published by LAP LAMBERT Academic Publishing, 2012

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Bibliographic Details

• Title: Microfinance: Problems Faced by Microfinance Institutions and Measures to Solve it
• Publisher: LAP LAMBERT Academic Publishing
• Publication Date: 2012
• Language: English
• ISBN 10: 3659107263
• ISBN 13: 9783659107269
• Binding: Paperback
• Condition: Like New
• Book Type: book

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Synopsis

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.

About the Author

Prof. Brijesh Rupapara & Prof. Jitendra Patoliya are Assistant Professors in SPKM-MBA College, Jetpur. Both of them have completed their PGDM Programme from the Parul Institute of Management, Limda, Vadodara, in April, 2010. They have also written a book on Case Studies on Management - First Generation Entrepreneurial Organisations