Microfinance

Sustainable Microfinance in India : What does it take?

The past decade has witnessed an unprecedented growth of microfinance institutions in India and just when everybody thought nothing was going to break its stride; the Andhra Pradesh crisis surfaced.

This crisis was an eye opener for many which confirmed that microfinance alone is not the panacea for poverty and needs to be supplemented with savings, insurance and other services. Since then MFI’s in India have had to struggle to recover from the corner that they had been forced into by rogue politicians and cautious public sector banks.

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The below video produced by Microsave is an attempt to understand the past, present and future of Microfinance Companies in India. Watch MicroSave’s Managing Director, Manoj Sharma, explain what it takes for MFI’s to bring about the transformation for long term sustainability.

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