The Andhra Pradesh government recently passed a Microfinance Bill which has forced microfinance institutions to reduce the number of loans disbursed on a recurring basis to borrowers in the state. Vijay Mahajan, head of the BASIX Group and President of Microfinance Institutions Networks (MFIN) , in an exclusive interview with CNBC-TV18 talks about the current scenario in Andhra Pradesh,India.
Loan Disbursements by Microfinance Companies fall drastically in Andhra Pradesh – India
In the below video , Vijay Mahajan reveals how MFI’s are facing difficultly in making new loans due to red tape and delays in government approval. He also reveals the steps and precautions being taken by MFIN and MFI’s to improve the situation at the ground level.
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dear sir,
we are from gujarat running ngo works for aids and other activities.we have to raise fund for micro-finance project.send us details from where and whom we have to approach for this project.how we will get fund.
Dear sir,
we are from Bidar(karnataka) state running ngo-mfi called DARPAN RURRAL & URBAN DEVELOPMENT SOCIETY (R) since from March 2009 we have successfully operating our mfi program this region with committed & innovative social-enterprise by adopting grameen model. we are happy to share that we have reached 100 active members or clients & 100 active borrowers.After post- AP crises we are running our DARPAN mfi program succesfully having portofolio of more than 5laks loan outstanding for this project we have mobilised funds the board members of our DARPAN to serve need based livelyhood families of ours clients. Hence we request you sir how can raise funds from wholesale lenders or retail lenders please guide in this regard.